logo-loader
viewAlchemist Inc

Alchemist stands to receive C$3.5M injection from a real estate investment company

Pedro Villagran-Garcia, CEO of Dinatrum/Alumifuel Power Corporation, said he has made the investment proposal to Alchemist

Alchemist Inc - Alchemist Mining Inc stands to receive a C$3.5 million injection from a real estate investment company  Dinatrum/Alumifuel Power Corporation
Dinatrum said it hopes to capitalize on the real estate opportunities available to it through Alchemist in California and the US

Alchemist Mining Inc (CSE:AMS) stands to receive a C$3.5 million injection from a real estate investment company. 

Pedro Villagran-Garcia, CEO of Dinatrum/Alumifuel Power Corporation (OTCMKTS:AFPW), said in a statement Thursday that he has made the investment proposal to Alchemist.

According to Dinatrum, Alchemist will issue 14 million post-consolidation shares at C$0.25 per unit. Each unit consists of one share and one warrant exercisable at C$0.60 with a two-year expiration.

READ: Alchemist names Beijing-based Johnson Lee as VP of business development for Asia Pacific

Alchemist, a global provider of consulting and technology solutions to the cannabis sector, has been granted conditional approval by the CSE, which will allow it to trade once the C$3.5 million has been invested, Dinatrum said.

Dinatrum also said it has made the commitment to invest in Alchemist so that it can capitalize on the real estate opportunities available to it through Alchemist in California and the US. 

Dinatrum said it has signed an investment letter of intent and will proceed to sign a more formal agreement once the funding has been arranged.

Alchemist, based in Vancouver, is preparing to change its name to Alchemist Holdings Inc with the ticker symbol 'ALH'. 

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham

Quick facts: Alchemist Inc

Price: - CAD

CSE:AMS
Market: CSE
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Alchemist Inc named herein, including the promotion by the Company of Alchemist Inc in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Alchemist seeing success with their software in a tough cannabis market

Alchemist (CSE: AMS) CEO Paull Mann and CEO of Green Rush Consulting and a director of alchemist Zeta Ceti joined Steve Darling from Proactive Vancouver to discuss the success they are having with their online licensing software Oddysee. Mann also told Proactive how the company is setting...

on 12/12/2019

2 min read