TechFlow news, according to Global Communications Agency, South American gold mining company Nilam Resources has signed a letter of intent (LOI) with Xyberdata Ltd to acquire 100% of the ordinary shares of a special purpose vehicle (SPV) to be established under the name MindWave, which will hold 24,800 bitcoins. Nilam Resources will issue newly authorized Series C preferred shares in exchange for the 24,800 bitcoins at a discount relative to the current market price.
Nilam Resources will acquire 100% of the equity of Mauritius-based SPV MindWave, which will hold digital assets including 24,800 bitcoins and other assets. These assets will serve as collateral to raise funds for investing in high-yield projects. This transaction brings Nilam Resources assets valued at over USD 1 billion.
