QualityStocksNewsBreaks – Nilam Resources Inc. (NILA) Signs LOI Marking ‘Significant Milestone,” Resulting in Acquisition of 24,800 Bitcoin
Nilam Resources (OTC: NILA), an investment holding company that stands at the forefront of innovation and strategic evolution, has entered into a letter of intent (“LOI”) with Xyberdata Ltd. The LOI outlines NILA’s intent to acquire 100% of the common stock of a special purpose entity that will hold 24,800 Bitcoin; the entity will be established under the name MindWave, a special purpose entity in Mauritius. According to the announcement, Nilam Resources anticipates issuing a newly authorized Preferred Class of Series C Stock in in exchange for 24,800 Bitcoins. In addition, NILA will receive 100% of the capital stock of…
