Coinsilium Group Limited (NEX:COIN), the blockchain venture builder, advisor and investor that finances and manages the development of early-stage blockchain technology companies is pleased to announce the appointment of Malcolm Burne as a project advisor to TerraStream Limited (“TerraStream“), its Gibraltar-registered wholly-owned subsidiary, with immediate effect.
Malcolm Burne has a long-standing career in financial markets in the UK, Australia and Canada including directorships of a number of listed mining companies. He has led various successful natural resource ventures and has also built Ambrian Capital Plc into London’s premier natural resource broker at the time. He is currently Founder Chairman of Golden Prospect Precious Metals, a closed end fund and advisor to Altus Strategies and Arlington Group Asset Management.
As announced on 23 August 2017, TerraStream was formed with the objective of creating a blockchain powered platform to support the offering of Token based alternative funding solutions with potential applications across several industry sectors. Initial focus will be on the mining industry and in particular, precious metals and natural resources extraction.
The build and development of the TerraStream Platform is expected to be funded predominantly via the proceeds of a non-dilutive digital Token Sale under Gibraltar’s Regulatory framework.
Malcolm Burne will be working alongside TerraStream’s Mining Sector advisor Richard Lloyd and the Coinsilium management team.
TerraStream continues to make good progress in preparation for its Token Sale targeted to launch in Q4 2018. Work has commenced on the TerraStream token modelling and token economics ahead of the drafting of the White Paper whilst the Company awaits the publication of specific Token Generation Event regulations by the Gibraltar Financial Services Commission.
Discussions regarding platform development are ongoing with strategic mining industry investors and potential technology partners. Further announcements will be made to the market in due course.