MultiCorp International, Inc.
Rhea-AI Summary
MultiCorp International (OTCPINK: MCIC) has announced a significant exchange agreement with 40 Brightwater on February 3, 2025. The company will exchange 3,000,000,000 Preferred and 3,250,000,000 Common Stock Shares for 2,000,000 Gold Backed Cryptocurrency Tokens.
The transaction aims to establish gold-backed assets for MCIC, potentially facilitating access to financing for core business acquisitions to enhance shareholder value. MCIC, which operates in health, energy, and agriculture sectors, has outlined strategic growth initiatives including pursuing joint ventures and acquisitions, strengthening organizational infrastructure, and preparing for stock market advancements.
Positive
- Exchange of shares for gold-backed cryptocurrency tokens provides tangible asset backing
- Strategic initiative to access new financing opportunities
- Diversified business model across health, energy, and agriculture sectors
Negative
- Significant share issuance could lead to substantial dilution
- Operating on OTCPINK market indicates higher risk profile
- No specific details provided about revenue, profitability, or concrete business operations
AGOURA HILLS, CALIFORNIA, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Multicorp International, Inc. (OTCPINK: MCIC) is pleased to announce its arrangement with 40 Brightwater LLC.
On February 3, 2025, Multicorp International, Inc. entered into an Exchange Agreement with 40 Brightwater LLC, exchanging 3,000,000,000 Preferred and 3,250,000,000 Common Stock Shares for 2,000,000 Gold Backed Cryptocurrency Tokens.This transaction will allow Multicorp International, Inc. to establish solid and stable assets backed by Gold, opening doors to access the financing needed to acquire a core business to increase real value for MCIC shareholders.
MultiCorp International Inc. Announces Strategic Growth Initiatives and Expansion Plans
About MultiCorp International, Inc.
Multicorp International, Inc. is a diversified leader in health, energy and agriculture, announces a series of strategic initiatives aimed at accelerating its growth and expanding its market presence. The company is actively pursuing joint ventures and acquisitions, is fortifying its organizational infrastructure and is preparing for significant advancements in the stock market.
About 40 Brightwater LLC
40 Brightwater LLC is a private holding company focusing specifically on acquiring private entities and merging its holdings with public companies by leveraging its financial network and resources through its Managing Member, President & CEO Shannon Newby.
Disclaimer
This press release does not constitute an offer to sell or solicit an offer to buy, nor will there be any sale of these securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful before registration or qualification under applicable securities laws. Any offer will be made only through a prospectus supplement and accompanying base prospectus as part of an effective registration statement.
This press release is for informational purposes only and should not be considered investment advice or a solicitation to purchase securities.
Forward-looking statements are not guarantees of future performance. These statements are based on current expectations and could differ materially from actual events.
Contact: J. A. Coleman, J.a.coleman1512@gmail.com
FAQ
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