Multi-Million Dollar Company Files Prospectus Detailing its Security Token Offering (STO)
Interprom Mining AG, a Swiss-based company holding 90% equity interest in an established multi-million European firm Interprom Ltd., has issued a Prospectus which thoroughly outlines its security token offering (STO).
The document brings forward much-needed detailed information, following the Swiss regulation 652a, providing transparency to all interested parties.
Interprom Mining AG has issued 300,000,000 non-voting, participation equity capital certificates in late December 2018. The shares have been officially registered with the Zug Register on January 15th, 2019.
Based on the above mentioned underlying securities, Interprom Mining AG will issue 300 million equity participation tokens called Blueshares. Up to 80 million of these tokens will be offered for sale through the STO at a price of EUR 1.60 per token, aiming to raise up to EUR 128 million. It’s worth noting that Blueshares represent equity tokens and not utility tokens.
The tokens entitle their owners to receive participation non-voting shares in the company should they decide to. Each token entitles the holder to one actual share. This means that tokens provide their holders with enforceable claims on Interprom Mining AG as the underlying registered participation shares.
Blueshare tokens are ERC20-compliant. They are held only in whitelisted wallets and cannot be transferred to another wallet, without undergoing their know your customer (KYC) procedure.
The Prospectus also details the use of funds raised during the offering period. All raised capital will be directly invested in the company’s existing exploration activities and forthcoming mining concessions. At the same time, investors in Interprom Mining AG’s STO will be able to benefit from its large-scale infrastructure projects that the operational company Interprom Ltd. conducts.
The company has over 22 years of experience in delivering high-profile, large-scale construction projects in Bulgaria. The latest flagship project is the underground subway tunneling underneath the capital city Sofia, as well as the construction of 5 metro stations. Other major projects include: road construction, underground railroad construction, water supply, and sewer infrastructure, water treatment facilities and others.
To find out more about how to participate in this fully-compliant and regulated STO, you can visit https://www.blueshare.io/.
