Avi8ted Ventures Showcase Washington, D.C.’s Progress as a Global Emerging Tech Ecosystem for BIPOC and Women Founders

Avi8ted Ventures, a DC-based impact innovation ecosystem operating at the intersection of Real Estate, Tech, and Culture to host DC’s Futurist Startup Showcase, bringing investors and partners together with BIPOC and Women Founders. Avi8ted Ventures, Ying Skillsharing, and Jentry Search will showcase sustainable community harnessing business models that leverage technology and economics for the sake of the people, while providing Futurist insight on the Human Experience. The goal of the event is to raise both capital and awareness, while connecting Avi8ted Thought leaders such as investors, professionals, politicians, artists, and activists passionate about elevating the human experience for all.
“Crunchbase data shows that Black founder’s received less than 1.4% of U.S venture investment last year and currently. Washington, D.C is becoming one of the best places to build a startup, but most of the BIPOC and Women early-stage entrepreneurs we speak to aren’t aware of the local resources that are available to elevate them,” says Avi8ted Ventures CEO, Charlton Woodyard II. “The Avi8ted Ventures showcase is a catalyst to empower the BIPOC and Women startup ecosystem,” Woodyard II continues. Avi8ted will be previewing their custom Avi8ted House app, the digital home of the Avi8ted network and ecosystem.

Join us as Avi8ted Ventures, YING, and Jentry present sustainable community-harnessing business models that leverage technology and economics for the sake of the people. Music, Hors d’oeuvres and drinks provided!

DC’s Futurist Startup Showcase is an evening of connecting, investing and building a better future that will occur on Saturday, July 30th at the Pierce School, NE Washington DC. This is a private event that will begin punctually at 3:00pm.

About Avi8ted Ventures

Founded by Charlton Woodyard II in 2008, Avi8ted Ventures is a BIPOC owned/operated impact innovation ecosystem operating at the intersection of real estate, tech, and culture as a Real Estate fund with 20% discretionary towards Private Equity/Venture.

Avi8ted Ventures is committed to developing a social ecosystem for elevated ideas to thrive worldwide. For more information visit Avi8tedthoughts.com.

For more information about Avi8ted House: https://avi8tedhouse.com/
For more information about Membership: https://www.Avi8ted.life/
For more information about Charlton Woodyard II: https://www.charlton.global/
Contact info@av8t.co

Topic: Press release summary

G Mining Ventures Announces US$481 million Financing Package for Tocantinzinho Gold Project

G Mining Ventures Corp. (“GMIN” or the “Corporation”) is pleased to announce that the Corporation has entered into binding commitments with respect to a comprehensive construction financing package totaling $481 million for the development and construction of its 100% owned Tocantinzinho Gold Project (“TZ” or the “Project”). The Project remains on track to achieve production in the second half of 2024. Securing financing on schedule, despite a volatile market environment, represents a strong statement of support for the management team, as well as the technical and economic merits of the Project.
Financing Package Highlights – $481 million
– $116 million equity financing via a private placement with strategic investors (the “Strategic Investors”) priced at C$0.80 per common share
— $68.8 million investment by La Mancha Investments S.a r.l. (“La Mancha”)
— $27.5 million investment by Franco-Nevada Corporation (“Franco-Nevada”)
— $20.0 million investment by Eldorado Gold Corporation (“Eldorado Gold”)
– $250 million gold stream with Franco-Nevada
— Represents one of Franco-Nevada’s largest gold streams on a primary gold mine
– $75 million senior secured term loan from Franco-Nevada
– $40 million in equipment financing with Caterpillar Financial Services Limited (“Cat Financial”)
– The gold stream and term loan financings are closed, and the remainder of the financing package is expected to close in Q3-22

Louis-Pierre Gignac, President & Chief Executive Officer of GMIN, commented: “We are delighted to welcome two new cornerstone partners in Franco-Nevada and La Mancha who are committed to the long-term success and growth of GMIN. Their commitment, along with Eldorado Gold’s continued support, further validates the management team and the work done to advance the Project since its acquisition in 2021. Building on our positive Feasibility Study released earlier this year, this financing package marks the next step in the progression of GMIN and allows us to continue to unlock value at TZ. The imminent development of TZ will deliver value to our growing stakeholder group, including generating attractive job opportunities and economic prosperity in Para State.”

Paul Brink, President & Chief Executive Officer of Franco-Nevada, commented: “We are delighted to support GMIN with this construction financing package. Tocantinzinho is an attractive project in a prolific district and located in a good jurisdiction. The GMIN team has a track-record as one of the most capable mine building teams in the industry. The debt and equity investments that accompany our stream investment reflect our confidence in the capabilities of the GMIN team and in the potential of the project.”

Karim Nasr, Managing Partner of La Mancha Capital Advisory LLP, commented: “The La Mancha Group has a long track record of successful investments in the mining industry, and we look to build further on this track record with La Mancha’s investment in GMIN. We are impressed with the unique skillset of the management team, and with both the quality and potential of TZ. We look forward to being a part of GMIN’s journey towards becoming an intermediate producer through the development of TZ, and as the Corporation evaluates future growth opportunities beyond this initial Project.”

Overview of Project Financing
As detailed in the Feasibility Study published in Q1-2022, the initial Project capital cost is estimated to be $427 million, which is inclusive of $38 million of contingency (10% before taxes). After taking into consideration $49 million of payable taxes, the total funding required is $476 million. GMIN is eligible for $18 million of recoverable taxes and tax credits, which have not been deducted in calculating development capital required as this will only be received after the commencement of production.

As of June 30, 2022, GMIN has incurred capital expenditures of $21 million, resulting in remaining estimated capital costs of $455 million, or $417 million exclusive of $38 million of contingency. Procurement to date totaling $71 million is tracking on budget and has largely focused on major equipment for the process plant and mining equipment. GMIN is progressing well on its procurement strategy that focuses on maximizing Brazilian sources when sourcing equipment and supplies.

The total financing package of $481 million, combined with $54 million of cash on hand as at June 30, 2022, totals $535 million of available capital, and provides GMIN with committed capital sources in excess of the remaining estimated capital balance. It is estimated that $32 million of the equipment financing provided by Cat Financial will be utilized during the construction period, with $8 million to stay in reserve.

After taking into consideration corporate costs, working capital, and debt service, GMIN estimates cash and budgeted contingency totaling $81 million (18%), as detailed below.

Figure 1 – Sources and Uses of Funds Summary

Financing Package Summary
In connection with the financing package, GMIN and Franco-Nevada have executed final documentation with respect to: (i) a definitive purchase and sale agreement under which Franco-Nevada (Barbados) Corporation will pay GMIN a deposit of $250 million to acquire a percentage of payable gold production from TZ, (ii) the provision by Franco-Nevada, through one of its wholly-owned subsidiaries, of a senior secured term loan in the principal amount of $75 million, and (iii) the purchase by Franco-Nevada, on a private placement basis, of approximately 44.7 million GMIN common shares at a subscription price of C$0.80 per share, for total proceeds of $27.5 million (C$35.8 million).

Concurrently, GMIN, La Mancha, and Eldorado Gold have executed final documentation with respect to the purchase by La Mancha and Eldorado Gold, on a private placement basis, of 111.9 million and 32.5 million, respectively, GMIN common shares at a subscription price of C$0.80 per share, for gross proceeds of $68.8 and $20.0 million (C$89.5 and C$26.0 million), respectively.

Equity Private Placement – Strategic Investors
– C$151.3 million ($116.4 million) in equity financing, priced at C$0.80 per share, via a non-brokered private placement
– La Mancha has agreed to subscribe for a total of 111,879,265 common shares of GMIN for aggregate proceeds of C$89.5 million ($68.8 million)
— La Mancha will subscribe for 82,875,000 common shares on closing to hold 19.8% of GMIN’s common shares outstanding, and subscribe for a further 29,004,265 common shares to hold 25.0% following approval of the disinterested GMIN shareholders
— GMIN and La Mancha will enter into an investor rights agreement that grants La Mancha the right to nominate two directors to GMIN’s Board of Directors, as long as La Mancha maintains a minimum ownership of 15%
— Karim Nasr, Managing Partner of La Mancha Capital Advisory LLP, will be nominated on the closing date of the first tranche, with a second director to follow at a later date
— La Mancha will be granted customary anti-dilution, registration, and information rights, and has agreed to a 24-month standstill period that includes restrictions on dispositions
– Franco-Nevada has agreed to subscribe for 44,687,500 common shares of GMIN for aggregate proceeds of C$35.8 million ($27.5 million)
— Franco-Nevada will hold 9.9% of GMIN’s common shares outstanding
— GMIN and Franco-Nevada have entered into an investor rights agreement that grants Franco-Nevada a right of first refusal on any future royalty and stream sales by GMIN as long as Franco-Nevada maintains a minimum ownership of 5.0% of GMIN’s common shares outstanding
— Franco-Nevada has also been granted customary anti-dilution rights and has agreed to a 24-month standstill period that includes restrictions on dispositions
– Eldorado Gold has substantially exercised its anti-dilution right and has agreed to subscribe for 32,500,000 common shares of GMIN for aggregate proceeds of C$26.0 million ($20.0 million)
— Eldorado Gold will hold 17.7% of GMIN’s common shares outstanding

Members of the Gignac Family, along with GMIN directors and officers (collectively “Insiders”) hold 34,722,869 common shares, which will represent 7.8% of GMIN’s common shares outstanding pro-forma the transaction. To further align with the Strategic Investors, the Insiders have agreed to a 24-month restriction on sales or transfers of any GMIN securities.

The private placement is subject to the acceptance of the TSX Venture Exchange (“TSXV”) and will be completed in two tranches, with the first tranche closing in July 2022. The second tranche, which will consist of the issuance to La Mancha of approximately 29.0 million GMIN common shares for proceeds of approximately C$23.2 million ($17.8 million), and which will be subject to a majority approval of the disinterested GMIN shareholders pursuant to the policies of the TSXV, is expected to close in Q3-22. At the time of writing, voting support agreements that comprise more than 45% of the disinterested GMIN shareholders have been entered into with the Strategic Investors and Insiders.

Gold Stream – Franco-Nevada
– Deposit: $250.0 million
– Deliveries: 12.5% of the gold production from TZ, reducing to 7.5% after delivery of 300,000 ounces
– Ongoing Payments: 20% of the spot gold price at the time of delivery
– ESG Initiatives: Up to $250,000 per year for four years for investment towards environmental initiatives and social projects in the communities surrounding TZ
– Drawdown of the deposit is subject to satisfaction of certain customary conditions for a transaction of this nature

Term Loan – Franco-Nevada
– Facility Amount: $75.0 million
– Term: 6.0 years
– Availability Period: Multi-draw facility available after the stream deposit is fully drawn, at GMIN’s discretion for up to 3.5 years
— Standby fee on undrawn amounts of 1.0% per annum, which GMIN has the option of accruing and capitalizing for the first 2-year period
– Coupon: 3-Month Term Secured Overnight Financing Rate plus a margin of 5.75% per annum pre-project completion, with the margin reducing to 4.75% after completion
— 2-year interest deferral period during which GMIN has the option of accruing and capitalizing interest
– Amortization: Principal, accrued interest, and accrued fees are repayable starting in December 2025 as follows:
— 10 equal quarterly payments equal to 7.5% of the balance outstanding; and
— Bullet payment equal to 25.0%
– Original Issue Discount: 2.0% applicable on amounts drawn
– Franco-Nevada will be granted 11.5 million warrants with a five-year term and an exercise price of C$1.90 per share
— Exercise price equals the exercise price of the existing 37.5 million warrants issued as part of GMIN’s September 2021 financing, the only currently outstanding warrants
— Warrants will have a cashless exercise mechanism to enable Franco-Nevada to avoid its holdings from exceeding 9.9% of GMIN’s common shares outstanding at time of exercise

Equipment Financing
– Up to $40 million in equipment financing via a credit-approved term sheet with Cat Financial, for the supply of Caterpillar primary and ancillary mining fleet and construction machinery
– Pending completion of final documentation, the Cat Financial lease financing will be available to the Corporation upon a final construction decision by GMIN’s Board of Directors and other customary conditions

Tocantinzinho Development Update
Since the most recent project update released on May 26, 2022, GMIN has advanced the following aspects of the Project:

– Procurement to date totals $71 million, is tracking on budget, and has largely focused on major equipment for the process plant and mining equipment
— Procured equipment contains significant Brazilian content
– Purchase orders for equipment with long lead times have been executed to achieve the construction schedule in order to achieve production in the second half of 2024
– Equipment deliveries will be staggered over time with first machines delivered to site in September 2022
– Primary mining equipment is currently being funded using cash on hand, but will be refinanced through the abovementioned $40 million equipment financing package

Power Supply
– Detailed engineering of transmission line and Novo Progresso substation is complete

Construction – Early Works Activities
– Exploration camp capacity has been increased to 350 beds with the addition of 10 dormitories
— New water well, lunchroom and kitchen equipment in operation
– Temporary explosives storage facility is progressing, with berms in place and fencing to be completed
– The logistics base in Moraes Almeida is nearing completion
— Once delivered, the facility will be managed by the logistics freight forwarder, which will allow for consolidation of goods for delivery to site
– Access road upgrades have continued with the arrival of the dry season

Figure 2 – Expansion of Exploration Camp

Figure 3 – Freight forwarder base in Moraes Almeida

Figure 4 – Access Road Upgrade

Tocantinzinho Benefit to Local Community

Local Employment
– The Project is expected to create up to 1,200 jobs during the construction phase and over 600 permanent jobs during the operation stage
– A minimum of 30% of employees are to be hired from the local communities of Itaituba, Morais Almeida, Jardim de Ouro and Mamoal
– In addition to the training during the construction phase, GMIN plans to invest over 85,000 hours on internal training to develop the skills of the local workforce

Community Programs
– GMIN provided internet access and IT infrastructure for Escola Municipal de Ensino Fundamental Cesar Almeida, the local elementary and middle school of Moraes Almeida
— The school has 1,700 enrolled students and 80 staff members
– GMIN will support local community requests related to education, health and cultural initiatives through provision of funding and expertise
– Franco-Nevada is providing up to $250,000 per year, for four years, for investment towards environmental initiatives and social projects in the communities surrounding TZ

Figure 5 – Mr. Severino, Director of Education of Itaituba, with Louis-Pierre Gignac

Other Long-term Local Benefits
– Creation of long-lasting shared infrastructure, such as the 190km transmission line
— In addition to powering the project through 80% renewable energy, the transmission line will become part of the state utility infrastructure, providing reliable power to the region
– Construction of a bypass road in Jardim do Ouro to improve safety by diverting heavy traffic from current industrial activities by other companies (and future GMIN operations) away from the village
– GMIN will prioritize local procurement to enable capacity building and business development

BMO Capital Markets is acting as exclusive financial advisor to GMIN in connection with the La Mancha strategic investment. Stikeman Elliott LLP, Blake, Cassels & Graydon LLP, Grebler Advogados and Mattos Filho Advogados acted as GMIN’s legal advisors.

Timetable and Next Steps
With the financing package secured, the Corporation will be focused on the following activities:
– Positive construction decision;
– Finalization and results of 10,000-meter exploration and drilling program in Q3-22;
– Completion of detailed engineering through H1-23; and
– Expected first gold production in H2-24 with the first year of full production in 2025.

Feasibility Study 3D VRIFY Presentation
To view a 3D VRIFY presentation of the Study please click on the following link: Feasibility Study 3D VRIFY Presentation, or visit the Corporation’s website at www.gminingventures.com.

Tocantinzinho Financing Package Conference Call Details
GMIN will host a conference call to discuss the financing package.
Date: Monday, July 18, 2022
Time: 10:30 a.m. Eastern Time.

Participants may join the call as follows:
Dialing North American Toll Free: +1-888-506-0062
International: 973.528.0011
Access Code: 564993

Webcast URL: https://www.webcaster4.com/Webcast/Page/2892/46159

For those unable to participate, a web-based archive of the conference call will be available for playback through Tuesday, July 18, 2023 at the same Webcast URL above. Also, an audio replay will be available from 1:30 p.m. Eastern Time on Monday, July 18, 2022 through Monday, August 1, 2022. To access the replay, please call 1.877.481.4010 (U.S. & Canada) or 1.919.882.2331 (International) and enter confirmation code 46159 #.

Additional Information
For further information on GMIN, please visit the website at www.gminingventures.com or contact:

Jessie Liu-Ernsting
Director, Investor Relations and Communications

About G Mining Ventures Corp.

G Mining Ventures Corp. (TSXV: GMIN) (OTCQX: GMINF) is a mineral exploration company engaged in the acquisition, exploration and development of precious metal projects, to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by its flagship Tocantinzinho Project in mining friendly and prospective Para State, Brazil.

About Franco-Nevada

Franco-Nevada is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Franco-Nevada is debt-free and uses its free cash flow to expand its portfolio and pay dividends. It trades under the symbol FNV on both the Toronto and New York stock exchanges. Franco-Nevada is the gold investment that works.

About La Mancha and La Mancha Fund SCSp

La Mancha is a wholly-owned subsidiary of La Mancha Fund SCSp (the “Fund”), a Luxembourg based investment fund advised by La Mancha Capital Advisory LLP that is focused on investments in the precious metals and energy transition space. La Mancha’s head office is located at 31-33 Avenue Pasteur L-2311 Luxembourg. La Mancha will file an early warning report in accordance with applicable Canadian securities laws, which will be available under GMIN’s profile on the SEDAR website at www.sedar.com, and may also be obtained by contacting Karim-Michel Nasr as provided for below.

About La Mancha Capital Advisory LLP

La Mancha Capital Advisory LLP advises the Fund on strategic investments made in publicly listed and private exploration, royalty, and mining companies with a global outlook. La Mancha Capital Advisory LLP is a long-term minded investment advisor, with a mandate to support mining companies to achieve sustained growth by providing long-term equity capital as well as operational and board level expertise, to further portfolio company performance and expansion.

La Mancha Capital Advisory LLP is an Appointed Representative of G10 Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 648953).

Additional Information
For further information on La Mancha Capital Advisory LLP, please visit the website at www.lamanchacapitaladvisory.com or contact:

Karim-Michel Nasr
Managing Partner and Co-CIO

About La Mancha’s Subscription

On July 18, 2022, La Mancha entered a subscription agreement (the “Subscription Agreement”) with GMIN pursuant to which La Mancha agreed to subscribe for an aggregate of 111,879,265 common shares in the capital of GMIN (“Common Shares”) by way of a private placement at a price of C$0.80 per Common Share for aggregate cash consideration of C$89,503,412 (the “Subscription”).

Subject to satisfaction or waiver of all closing conditions, the Subscription will close in two tranches: (i) on or before July 29, 2022, La Mancha will subscribe for 82,875,000 Common Shares at a purchase price of C$0.80 per Common Share for aggregate cash consideration of C$66,300,000 (the “Initial Subscription”); and (ii) by no later than November 30, 2022, La Mancha will subscribe for 29,004,265 Common Shares at a purchase price of C$0.80 per Common Share for aggregate cash consideration of C$23,203,412 (the “Subsequent Subscription”).

La Mancha does not otherwise currently own or have control or direction over any Common Shares. Following completion of the Initial Subscription, La Mancha will beneficially own and have control and direction over an aggregate of 82,875,000 Common Shares, representing approximately 19.8% of the then issued and outstanding Common Shares of GMIN. Following completion of the Subsequent Subscription, La Mancha will beneficially own and have control and direction over an aggregate of 111,879,265 Common Shares, representing approximately 25% of the then issued and outstanding Common Shares.

At the closing of the Initial Subscription, La Mancha, and GMIN will enter an investor rights agreement, upon which La Mancha will be granted certain director nomination, anti-dilution, and registration rights. The Common Shares to be acquired by La Mancha on completion of the Subscription will be acquired for investment purposes. In the future, La Mancha may, from time to time, increase or decrease its investment in GMIN through market transactions, private arrangements, treasury issuances or otherwise.

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in Turkey, Canada, Greece and Romania. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado’s common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO).

Eldorado Gold currently owns 46,926,372 GMIN common shares representing approximately 18.2% of the outstanding GMIN common shares. Following and subject to completion of the purchase of 32,500,000 GMIN common shares by Eldorado Gold described above, Eldorado Gold would own 79,426,372 GMIN common shares representing 19.0% of the outstanding GMIN common shares upon closing of the first tranche, and 17.7% upon closing of the second tranche.

Eldorado Gold advises that the securities will be acquired for investments purposes. Eldorado Gold may, depending on the market and other conditions, increase or decrease its beneficial ownership of GMIN’s securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

This disclosure is provided pursuant to Multilateral Instrument 62-104, which also requires an early warning report to be filed containing additional information with respect to the foregoing matters. A copy of the early warning report will be available on SEDAR under GMIN’s issuer profile at www.sedar.com and may be obtained upon request from Eldorado Gold by contacting Eldorado Gold at the contact information below.

Contact Information:
Eldorado Gold Corporation
1188 – 550 Burrard Street Bentall 5
Vancouver, British Columbia
V6C 2B5
Tel: 604.601.6656

Lisa Wilkinson
Vice President, Investor Relations
604.757 2237 or 1.888.353.8166

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Statement on Forward-Looking Information

All statements, other than statements of historical fact, contained in this press release constitute “forward-looking information” and “forward-looking statements” within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation:

A. Those related to the Project financing, such as:
(i) the closing of the financing package in Q3-22;
(ii) the fulfilment of all conditions to effect drawdown and receive the $250 million deposit under the Franco-Nevada gold stream;
(iii) the approval of the disinterested GMIN shareholders for the second tranche of the La Mancha equity placement;
(iv) the private placement acceptance of the TSXV;
(v) the volume of gold deliveries under the Franco-Nevada gold stream;
(vi) the completion of ESG initiatives as per the Franco-Nevada agreements; and
(vii) the closing of the Cat Financial lease financing;

B. Those related to the Project itself, such as:
(i) commencement of full construction in Q3-22, subject to approval of the Board of Directors;
(ii) achievement of production in the second half of 2024;
(iii) on time deliveries of equipment and prioritizing of local procurement;
(iv) near completion of certain early works activities;
(v) job creation during the construction period as well as the operation stage, notably through employment from local communities;
(vi) development of local workforce skills through training programs;
(vii) responsiveness to local community requests relating to education, health and cultural initiatives;
(viii) creation of long-lasting infrastructure; and
(ix) completion of drilling program in Q3-22, and of detailed engineering through H1-23;

C. And, more generally, the President & Chief Executive Officer’s comments hereinabove and those of the Franco-Nevada Chief Executive Officer and La Mancha Capital Advisory LLP’s Managing Partner, as well as the contents of the above sections entitled “Timetable and Next Steps” and “About G Mining Ventures Corp.”.

Forward-looking statements are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Corporation as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, a USD:CAD exchange rate of 1.30 and also those underlying the items listed on the above sections entitled “Timetable and Next Steps” and “About G Mining Ventures Corp.”.

Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that, notably but without limitation, the Corporation will (i) close all components of its project financing as outlined in this press release, (ii) make a positive construction decision regarding the Project in 2022 or ever, (iii) bring the Project into commercial production or (iv) become an intermediate gold producer, as future events could differ materially from what is currently anticipated by the Corporation.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. All of the forward-looking statements made in this press release are qualified by these cautionary statements and those made in the Corporation’s other filings with the securities regulators of Canada including, but not limited to, the cautionary statements made in the relevant sections of the Corporation’s (i) Annual Information Form dated June 3, 2022, for the financial year ended December 31, 2021, and (ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Corporation disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.

Topic: Press release summary

The HBAR Foundation and BCW Ventures Launch a Market Development Fund to Accelerate Growth on the Hedera Network

The HBAR Foundation and BCW Group today announced a collaboration focused on the rapidly expanding ecosystem at the intersection of distributed ledger technology and digital assets, with an initiative that supports the development and growth of the Hedera network. Kyle Baron, Managing Partner at BCW, and his team will lead and manage an all-encompassing Market Development Fund (MDF) to onboard prominent early-stage projects looking to build on Hedera.

BCW is a global fintech-focused strategy consulting and technology firm that works alongside industry-leading partners and clients to scale digital asset infrastructure, remove friction points, and enhance customer experiences to reimagine how the world does commerce. The BCW MDF furthers the HBAR Foundation’s support of the Hedera ecosystem by leveraging BCW’s expertise in Web3 infrastructure and experience in building scalable digital asset products for Fortune 500 clients. In collaboration with the HBAR Foundation, BCW will continue to identify, incubate, and develop innovative DLT solutions foundational to the growth of next-generation decentralised applications on the Hedera network.

The MDF is looking to fund projects focusing on (but not limited to)
– Web3 Infrastructure
– Decentralised Finance
– NFT, Metaverse, and Gaming
– Interoperability

BCW has worked closely with Hedera on a wide range of initiatives since 2018 including hashport, the first interoperability bridge connecting Hedera with the EVM world and TOKO, the enterprise grade digital asset tokenization and issuance platform. BCW has also been a proud sponsor of the Hedera Hackathon since 2020.

BCW Ventures enables developers and startups to benefit from BCW’s in-house technology and consultancy experts, proprietary multi-chain interoperability and data analytics solutions, and global network of industry founders and partners. BCW grant applicants benefit from the HBAR Foundation’s continued technical, marketing, and operational support in addition to other members of the BCW family, like hashport, a multi-chain interoperability solution connecting the Hedera, Polygon, and Ethereum networks that makes making dApp migration and token integration to Hedera easier than ever.

To apply for an MDF grant, apply online at https://www.hbarfoundation.org/apply-form and select ‘BCW’ from the Grant Category dropdown.

About BCW Group

BCW Group is a fintech-focused strategy consulting and technology firm with a strong footprint building products & businesses in the digital assets & distributed ledger technologies (DLT) industry. Our mission is to scale digital asset infrastructure, remove the friction points & enhance the customer experience to achieve ubiquity in the utility of digital payments, web 3.0 applications & connectivity of an on-demand digital universe. Our business lines include payments, consulting, technologies, products, research and ventures. We have built products in the areas of blockchain interoperability (hashport), data-analytics (Blockpour), tokenisation (TOKO), staking and IaaS tools (Arkhia).

What makes us unique is our ability to not only re-imagine and design the next generation of digital commerce, but to build the applications of the future alongside our world-class partners & clients.

Learn more about BCW Ventures at bcw.group or follow us on Twitter and on LinkedIn.
– Twitter: https://twitter.com/bcw_llc
– LinkedIn: https://www.linkedin.com/company/bcw-group2019

About the HBAR Foundation

Founded in 2021, the HBAR Foundation fuels the development of the Hedera ecosystem by providing grants and other resources to developers, startups and organizations that seek to launch decentralized applications in DeFi, NFTs, CBDCs, ESGs, gaming and other sectors. In addition to providing funding through a streamlined grant process, the HBAR Foundation acts as an integrated force multiplier through expert support across technical, marketing, business development and other operational functions that are required to scale.

For more information, please contact:
Rufus Daniel
The HBAR Foundation

Robinson Ventures Partners with Coker University

As “Venture Fellows” Students Obtain Real World Experience in the Basics of Venture Capital Investing.

HARTSVILLE, S.C.March 29, 2022PRLog — Robinson Ventures, a nationwide consulting firm working in the healthcare and higher

education markets, is partnering with Coker University to offer learning experiences focused on the world of venture capitalism to senior students. Kelsey Gibbons, a senior majoring in Business Marketing with a minor in Chemistry and Seraphin Kibonge, a senior majoring in Biology with a minor in Communication were selected as the inaugural Venture Fellows.

“We believe a student needs to cap their collegiate learning with experience in a

corporate environment if they are to be truly valued once they graduate. Classroom knowledge as a foundation is important, but if they cannot understand corporate expectations or speak the language, they will be at a disadvantage,” states Cian Robinson, President and Founder, Robinson Ventures.

Students from Coker University assist in the deal-flow processes up to negotiations with

potential portfolio companies as well as proactively researching and analyzing market and

industry trends to identify the best early-stage companies and founding teams for investment. Additionally, Venture Fellows give operative support to portfolio companies as well as create investment proposals and presentations for internal and external use.

Seraphin Kibonge states, “I wanted to be a Venture Fellow to take advantage of the

unique opportunity to gain direct experience with venture funds and the venture capital

process. Inspired by this Fellowship, a future goal of mine is to provide similar venture capital opportunities for entrepreneurs in developing nations, nations like the one I was born in. I am truly excited to be an inaugural member and thank Coker University and Robinson Ventures for the opportunity.” Kelsey Gibbons also stated, “I wanted to become a Venture Fellow to better understand investment opportunities and what criteria goes into these decisions. This opportunity has taught me how to complete the due diligence process. I will use this in my future career to research the companies and products I am selling in pharmaceutical sales. I am very excited to be one of the first Venture Fellows at Coker University and Robinson Ventures.”

With the quality of work exhibited by the first two Venture Fellows, Robinson Ventures

hopes to have up to three students engaged each year. “As both Seraphin and Kelsey have provided true value to the work done by Robinson Ventures on behalf of its clients, we would like to offer additional Venture Fellowship spaces to Coker students,” notes Robinson. “I think this is a true win-win for the students and for companies looking to hire graduates with experience in a corporate setting.”

“Coker University is committed to ensuring that all of its students graduate with the

skills and knowledge necessary to succeed in their careers,” stated by Dr. Marvin Keene, Dean of the Coker University School of Business. “This fellowship with Robinson Ventures provides our students with experiences they simply cannot get in a classroom. This sort of experiential learning is exactly what future business leaders need and it is just what Coker University seeks to provide for its students. We are fortunate to have great business partners, like Robinson Ventures, who offer meaningful experiences for our students.”


Robinson Ventures, LLC is an innovation, investment, strategy, and

development consulting firm working in the healthcare and higher education market verticals with offices in South Carolina and North Carolina and clients in across the United States. For more information visit https://www.robinsonventures.com, or Facebook https://www.facebook.com/Robinson-Ventures-


or call 716-308- 7357.


Coker University is a student-focused, comprehensive institution of higher education

with a strong liberal arts core, located in Hartsville, South Carolina. Coker combines round

table, discussion-based learning with hands-on experiences to encourage active participation in and out of the classroom. A supportive, close-knit community prepares Coker students with the confidence and practical life skills they need to reach their personal best, in college and beyond.

Founded in 1908, Coker is a bachelor’s and master’s degree-granting institution and

competes in 22 NCAA Division II sports. Coker is included among the “Best Colleges” in the South by U.S. News & World Report as well as The Princeton Review, and by Washington Monthly as a “Best Bang for Your Buck” college in the southeast.

1982 Ventures backs Indo AgriTrading Marketplace PasarMIKRO

1982 Ventures has invested in PasarMIKRO, an Indonesian-based Agri Commodity Marketplace startup that empowers disadvantaged farmers by simplifying transactions for both farmers and traders.
– PasarMIKRO has raised funds from 1982 Ventures and prominent angels.
– PasarMIKRO is an ag-tech startup aiming to disrupt Indonesia’s USD$130B agriculture market by connecting farmers and traders.
– PasarMIKRO will use the funds to expand its team and to reach out to more farming communities in Indonesia.

PasarMIKRO was founded by former Altermyth co-founder Dien Wong. Since their pilot in December 2020 the company has helped farmers to trade and finance the distribution of over 5,000 tonnes of eggs and other commodities. Despite the effects of the pandemic, Indonesia’s USD$130 billion agriculture market remains one of the top industries ripe for disruption.

Dien Wong states, “PasarMIKRO is looking after Indonesia’s main providers, farmers and traders who are often overlooked. We are transforming the landscape for a more inclusive digital economy. We foresee that with the digitization of the ecosystem, it will enable a scalable future food value chain.”

The Indonesian-based company provides various services for farmers and traders for their daily transactions such as bookkeeping, lending, and marketplace for farmers and the ecosystem to sell their products easily without limitations.

PasarMIKRO has established partnerships with Bank Rakyat Indonesia (BRI), one of Indonesia’s largest banks, and Rabo Foundation, a social fund backed by European agricultural bank Rabo Bank with a mission to give smallholder farmers the prospect of a sustainable future.

Herston Elton Powers, Managing Partner of 1982 Ventures stated, “Unlike other platforms, PasarMIKRO works with the entire supply chain to enable more efficient agricultural financing and transactions. We have not seen an inclusive financing model in Southeast Asia achieve what appears to be such a product-market fit, and begin scaling as early as PasarMIKRO. PasarMIKRO is incredibly capital efficient and has seen impressive disbursement growth since day one.”

Scott Krivokopich, Managing Partner of 1982 Ventures stated, “Indonesia’s agriculture ecosystem is massive and long overdue for modernization. Dien’s decades of experience in game development and time spent in the field with farmers is the driving force behind PasarMIKRO’s impressive growth.”

The funds will be used to expand PasarMIKRO’s team and reach out to more farming communities in Indonesia.

For media enquiries:

About PasarMIKRO:
PasarMIKRO is a business-to-business aggregated agriculture marketplace with integrated financing facilities. The platform aims to simplify the transaction of farmers and traders in Indonesia’s agriculture market. For more information visit: https://www.pasarmikro.id.

About 1982 Ventures:
1982 Ventures is the leading seed fund investing in fintech startups in Southeast Asia. Our focus makes us the first port of call for fintech founders and the first money in. Our investments include Southeast Asian Open Banking API Platform Brick, Indonesian Personal Finance App Pina, Indonesia’s first Earned Wage Access platform Wagely, Philippine MSME book-keeping app Lista, Vietnam’s leading investment platform Infina, Vietnam’s leading “Buy Now, Pay Later” Fundiin, Vietnam’s Rent-to-Own Home Financing app Homebaseand Singapore’s automated financial data delivery platform Bluesheets.

1982 Ventures is investing in and supporting the best founders to positively impact the future of financial services in Southeast Asia. For more information visit: https://1982.vc.

Topic: Press release summary