CBI Announces Repayment of Share Loan Granted by Ker Ventures SARL in Brilliantcrypto Transaction
CRYPTO BLOCKCHAIN INDUSTRIES (“CBI”, Euronext Growth Paris: FR0014007LW0 – ALCBI) has announced the repayment of a loan consisting of 12,000,000 CBI shares which was provided by Ker Ventures SARL on May 27, 2024, as part of the Brilliantcrypto transaction.
This loan will be repaid through the issuance of 12,000,000 new CBI shares, which is exactly equal to the number of shares lent by Ker Ventures SARL. It is important to note that this loan did not accrue any interest.
Warning
The execution of CBI’s projects, as well as their operational budget and financing plan, remain significantly subject to major uncertainties. The failure to fulfill the underlying assumptions could notably negatively affect the value of CBI’s assets and liabilities.
About CBI
CRYPTO BLOCKCHAIN INDUSTRIES (“CBI”) is a French company that focuses on the development, operation, and investment in video games, professional applications, and selective projects related to blockchain, Non-Fungible Tokens (“NFTs”), and cryptocurrencies. Founded by Frédéric Chesnais, a renowned entrepreneur in the video game industry and a blockchain pioneer, CBI aims to create and enhance a portfolio of blockchain activities spanning various sectors (such as video games, finance, logistics, etc.) to leverage this technology through direct implementation or in collaboration. CBI has already made several investments and is currently developing a virtual world (metaverse) called AlphaVerse, based on blockchain technology. CBI shares are listed in the E2 listing group (public offering) on the Euronext Growth market. For more information, visit www.cbicorp.io.
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Full and original press release in PDF format: https://www.actusnews.com/news/87908-cp-remboursement-du-pret-ker-ventures.pdf
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CBI Announces Repayment of Share Loan Granted by Ker Ventures SARL in Brilliantcrypto Transaction
CRYPTO BLOCKCHAIN INDUSTRIES (“CBI”, Euronext Growth Paris: FR0014007LW0 – ALCBI) has officially announced the successful repayment of a loan involving 12,000,000 CBI shares, which was granted by Ker Ventures SARL on May 27, 2024, as part of the significant Brilliantcrypto transaction.
The Repayment Process
This repayment was executed through the issuance of 12,000,000 new CBI shares, rendering the number of shares issued equal to those lent by Ker Ventures SARL. It is noteworthy that this loan carried no interest, which demonstrates a collaborative effort to bolster CBI’s operational capabilities during this promising developmental phase.
Potential Impacts and Risks
Caution:
It is essential to note that the realization of CBI’s projects, as well as their operational budgets and financing plans, are subject to substantial uncertainties. The failure to achieve the underlying assumptions can significantly impact the value of CBI’s assets and liabilities.
About CRYPTO BLOCKCHAIN INDUSTRIES (CBI)
CRYPTO BLOCKCHAIN INDUSTRIES (CBI) is a leading French company dedicated to the development, operation, and investment in a diverse range of video games, professional applications, and selective projects related to blockchain technology, Non-Fungible Tokens (NFTs), and cryptocurrencies.
Founded by Frédéric Chesnais, a respected entrepreneur recognized for contributions to both the video game industry and blockchain technology, CBI aims to harness this technology across multiple sectors. The company focuses on:
- Video Games
- Finance
- Logistics
- Metaverse Development
As part of its innovative strategies, CBI is currently working to develop the AlphaVerse, a virtual world based on blockchain technology. This ambitious project seeks to redefine digital interaction and engagement in the gaming and financial sectors.
Investments and Growth Strategies
CBI has made several strategic investments that underline its commitment to expanding its presence in the blockchain ecosystem. By engaging in both direct exploitation of blockchain applications and partnerships with other tech firms, CBI is positioned to take advantage of emerging opportunities. Some of their salient focuses include:
1. Video Games Development
Creating immersive and engaging gaming experiences powered by blockchain technology, which allows for true ownership of in-game assets through NFTs.
2. Blockchain Applications in Finance
Utilizing blockchain to streamline operations in financial transactions, reduce fraud, and improve asset security.
3. Logistics Improvement
Enhancing supply chain transparency and efficiency through blockchain integrations, allowing for real-time tracking and verification.
4. Metaverse Initiatives
Innovating social interaction and economic activities in digital spaces via the construction of a vibrant metaverse with unique user experiences.
Latest Updates and Market Performance
CBI shares are listed on the Euronext Growth market, allowing investors to partake in its growth trajectory. The ongoing repayment of the share loan indicates a focused commitment to managing its equity and nurturing shareholder interests.
| Details | Information |
|---|---|
| Company Name | CRYPTO BLOCKCHAIN INDUSTRIES (CBI) |
| Share Loan Amount | 12,000,000 CBI shares |
| Lender | Ker Ventures SARL |
| Date of Loan | May 27, 2024 |
| Type of Transaction | Brilliantcrypto Transaction |
| Interest on Loan | No Interest |
Contact Information
If you have inquiries or require further details regarding CBI’s activities or the recent developments, please reach out to the relevant contacts provided below:
| Issuer | CBI |
|---|---|
| Contact Person | Frédéric Chesnais |
| Position | CEO |
| fredchesnais@cbicorp.io | |
| Website | www.cbicorp.io |
Listing Sponsor: Capital Asset
Contact Person: Rodolfo Ossola
Email: rodolphe.ossola@atoutcapital.com
For complete details on the recent repayment of the share loan and further insights into CBI’s operations, please refer to the full press release.
