Nilam Resources plans to acquire 24,800 Bitcoins through the specially established entity MindWave
On March 26, Nilam Resources, Inc. (OTC PINK: NILA), located in Snohomish, Washington State, USA announced that it has signed a letter of intent with Xyberdata Ltd to acquire 24,800 Bitcoins through the newly established special purpose entity MindWave. The transaction will be conducted by issuing new authorized Series C preferred shares and exchanging these Bitcoins at a discount rate relative to the current market price. Through this acquisition, Nilam Resources will fully own the capital stock of MindWave located in Mauritius which will hold digital assets including 24,800 Bitcoins. These assets will serve as collateral for raising capital for investment in high-yield projects.
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