DGAP-News: Stockholm IT Ventures AB: STOCKHOLM IT VENTURES AB CORRECTION OF THE COMPANY ANNOUNCEMENT FROM MARCH 7, 2018 (TERMS OF THE UPCOMING ICO)
07.03.2018 (www.4investors.de) -
DGAP-News: Stockholm IT Ventures AB / Key word(s): Miscellaneous
Stockholm IT Ventures AB: STOCKHOLM IT VENTURES AB CORRECTION OF THE COMPANY ANNOUNCEMENT FROM MARCH 7, 2018 (TERMS OF THE UPCOMING ICO)
07.03.2018 / 17:28
The issuer is solely responsible for the content of this announcement.
STOCKHOLM, SWEDEN (7 March, 2018) - Stockholm IT Ventures AB (ISIN SE 0006027546 - Frankfurt Stock Exchange: SVAB) - Stockholm IT Ventures AB (publ), "SITV" corrects today's company announcement as follows (change of release date for the Bytemine Whitepaper).
The terms for the upcoming ICO including the announced airdrop of the Bytemine tokens is, in brief, the following.
A total of 1,000,000,000 tokens will be released.
4% or 40,000,000 tokens, will be airdropped to the public and to the shareholders of SITV and where the shareholders of SITV will be guaranteed 5x the number of tokens that non-shareholders can get. The maximum number of sign ups in the airdrop is determined to 20,000.
The shareholders entitled to participate in the airdrop on the above-mentioned term will be the ones who are registered as shareholders on the 20 April 2018.
66% of the tokens will be sold in combination with the airdrop at the following levels;
0 - 150 million tokens: 0,15 EUR per token
150 - 300 million tokens: 0,16 EUR per token
300 - 450 million tokens: 0,17 EUR per token
450 - 660 million tokens: 0,18 EUR per token
Any tokens allocated for sale in the ICO that remains unsold upon closure of the offering period will be cancelled (burnt).
15% of the tokens, 150,000,000, will stay in SITV as treasury tokens
15% of the tokens, 150,000,000, will go to the team of SITV and consultants making the Bytemine ICO possible.
The Bytemine Whitepaper will be released not later than 16 March 2018.
About Stockholm IT Ventures AB
Stockholm IT Ventures AB is a Swedish public company listed on the Frankfurt Stock Exchange since 2014 under the ticker symbol SVAB. The company focuses on clean and efficient low-cost energy cryptocurrency mining and production, and in blockchain related technology. All mining activities shall use clean and sustainable energy from hydro power stations in Northern Europe, requiring up to 80% less energy compared to ordinary mining for Bitcoin. The Stockholm IT Ventures stock represents a green investment in cryptocurrency technology. For more information, visit www.stockholmit.co. You can also find them on Facebook, Twitter and LinkedIn.
About Khaned AB and We Got Edge AB
These are two high level companies delivering top notch tech solutions and digital marketing services to a variety of clients. The companies are founded and headed by Mr Shahjahan "Shadde" Yousuff who is a well known IT entrepreneur who has participated in a number of start ups in the IT and tech fields.
For more information, visit https://khaned.com and https://wegotedge.com/.
Vibrate Communications for Stockholm IT Venturesleslie@email@example.com
Stockholm IT Ventures AB (publ)
Mr Anthony Norman, CEO
+46 723 200 500
Khaned AB and We Got Edge AB
Mr Shahjahan "Shadde" Yousuff, CEO
+46 709 900 587
07.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Stockholm IT Ventures AB
115 40 Stockholm
+44 207 148 6262
Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange
End of News
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