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New Listing: Skyledger Tech Corp. (CSE:SKYL)

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The company's principal business is cryptocurrency mining, which is the process of confirming transactions to be added on a blockchain by solving complex, computation puzzles using high- performance computers referred to as Rigs.

Additional Information:

Company: Skyledger Tech Corp
Stock Symbol: CSE:SKYL
Date Published: Apr 29, 2019
Transcript: Available

Video Transcript:

I’m Nadika Vizzy for Investmentpitch Media

Skyledger Tech Corp. is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “SKYL”.

The company's principal business is cryptocurrency mining, which is the process of confirming transactions to be added on a blockchain by solving complex, computation puzzles using high- performance computers referred to as Rigs.

Mining is critical to the continuing functioning and security of the cryptocurrency network and, to incentivize this activity, a miner that verifies and solves a new block is awarded newly generated cryptocurrency coins such as bitcoin, ripple, or ethereum.

The company has acquired 20 Antminer S9 Rigs, at a cost of $165,000, which are currently operating and earning Bitcoins at a facility in Gibsons, British Columbia.

The company may exchange these coins through the facilities of a cryptocurrency exchange, at the current exchange rate, for fiat currencies, such as Canadian or US dollars.

The company recently closed its IPO through Mackie Research Capital, raising gross proceeds of $500,000 from the placement of 5 million shares at $0.10.

The company plans to acquire an additional 50 Antminer S15 Rigs with the proceeds of the offering.

The shares are currently bid at $0.03, with no shares offered for sale.

For more information, please contact Gunther Roehlig at 604-617-5421 or by email at groehlig@gmail.com.

I’m Nadika Vizzy for Investmentpitch Media