Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – BlockQuarry Corp. (BLQC) Announces Favorable Settlement Agreement, Plans for Current Operations, Debt Consolidation

BlockQuarry (OTC: BLQC), a leading Texas-based energy and infrastructure company, has announced results of a favorable judgment in the case of BlockQuarry Corp v. Litchain Corp et al. According to the update, the company has reached a settlement agreement, regaining possession of mining inventory that includes pods, transformers, storage containers and miners, amongst other proceeds, from the current Gaffney, South Carolina, location. In addition to the acquisition of these assets, the company provided several forward-looking statements regarding updates on future debt consolidation and operational plans for the current mining inventory and assets on hand. “This (moment) has been a long time coming and a result in which we were confident of achieving. We have already identified next steps for both the mining equipment and settlement proceeds, which includes having our new operations management team getting to work on the equipment and reducing the company’s dilutive debt liability,” said Alozno Pierce, president and chair of BlockQuarry. “This is a very proud moment for the company and for its shareholders. We’re just getting started and I’m excited to reveal more about our upcoming operations and the expansion that is in store for the immediate future of BlockQuarry.”

To view the full press release, visit https://ibn.fm/F4IDf

About BlockQuarry Corp.

BlockQuarry is a trusted American energy and infrastructure partner, dedicated to fostering carbon-negative industrial energy and facilitating its establishment on land. It offers sustainable, renewable and cost-effective energy solutions for businesses that have a need for high-volume power, such as data warehousing, manufacturing, artificial intelligence (“AI”), and cryptocurrency mining. For more information, visit the company’s website at www.BlockQuarry.io.

NOTE TO INVESTORS: The latest news and updates relating to BLQC are available in the company’s newsroom at http://ibn.fm/BLQC

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
Editor@InvestorWire.com

InvestorWire is powered by IBN

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MenloPark.com & California Media Partners, LLC. All rights reserved.