Peblik creates a new asset class by exploiting the value of in-the-ground reserves without the need to currently extract them
HOLETOWN, Barbados, May 02, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Peblik Limited (the “Company”; “Peblik”) is pleased to announce the official launch of the Peblik token.
The Peblik token is supported by in-the-ground mineral assets that the traditional banking industry considers “out-of-the-money”, and therefore does not provide reasonable financing for further development.
In the current financial ecosystem, these proven assets are dramatically undervalued. This provides an opportunity for Peblik to acquire them and retain them as asset backing for the token.
Peblik is a Cryptocurrency, Not a Mining Company
Chief Technology Officer, Matthew Rice states, “It’s important to understand that we are a blockchain-based cryptocurrency, not a mining company. Although our deep expertise in the mining industry allows us to identify properties that meet our model, we have no intention of mining them. Like land banking companies, our strategy is to hold these properties along with their valuable resources, until they become an acquisition target.”
A New Business Model for Unlocking Value in The Resource Industry
We believe Peblik can lay the groundwork for an open, standardized, and enterprise-grade distributed ledger framework for commodity valuation, economics and integration. This may then integrate across the numerous manufacturing sectors requiring physical metals and minerals for production.
Strong Private Investor Response
During its soft launch, Peblik saw robust commitments from experienced investors in both the cryptocurrency space and in more traditional markets.
Peblik Chief Legal Officer, Isaias Medina said, “Unlike so many offerings, Peblik is a common-sense cryptocurrency that everyone can understand. Being backed by assets that are transparent and have intrinsic value is the reassurance that investors seem to be looking for in today’s whipsaw crypto environment. Minerals such as copper, gold, platinum, nickel and tin have always had real value and practical uses. Peblik is easy to explain which has attracted vigorous buy-in from private investors. The pre-token whitelist is now open on the website.”
Mr. Medina goes on to say, “Peblik aims at fulfilling the highest standards of trust and security, hence our interest in compliance with all regulations including but not limited to Securities Law, Know Your Client, Anti Money Laundering, Counter Terrorism Financing, Fraud and Cybercrime global policy.”
About Peblik and Our Assets
Peblik currently has direct control via earn-in option of the Thierry Mine in Northern Ontario, Canada. The Thierry Mine has been a past producer in copper and also nickel, palladium, platinum, silver and gold. It was closed in 1982 when copper prices plunged to $0.60 – $0.80 per pound. However, copper prices have since recovered with 2018 prices at over $3.00 per pound. All other mineral prices found at Thierry have also appreciated substantially. A National Instrument 43-10 compliant report on the Thierry Mine was prepared by Mark P Wellstead MGeol, P.Geo, and Francis R Newton Bsc, GIT of Minroc Management Ltd.
Copper is a critical component in infrastructure, renewable solar and wind energy and electric vehicles, all sectors experiencing dramatic growth. In Asia, Brazil, and India, the fundamentals and demand for copper are predicted to continue increasing, and become stronger over the next 5 to 10 years.
Peblik intends to grow by acquiring further mineral reserves. We are currently evaluating numerous natural resource properties around the world for potential acquisition and long-term growth. By 2023 we aim to become the leading natural resource based platform, with an anticipated asset base exceeding USD $100 billion of productive natural resource commodity assets.
Download the Peblik Whitepaper and get on the Peblik Token Pre-Sale Whitelist today.
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For more information please contact:
Peblik Limited
1st Floor Limegrove Centre
Holetown, St. James
Barbados BB24016
Email: hello@peblik.com
Website: www.peblik.com
Legal Disclaimer and Forward-looking Statements
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Peblik’s business and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Peblik undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. The information contained in Peblik's press release, website, and White Paper is not intended for residents of Canada and/or the United States at this stage, please read our full disclaimer here, or contact us for further information. Peblik makes no investment recommendations nor do they provide investment advisory services, and no communication, including through the Platform or in any other medium should be construed as such. The Terms and Conditions regulating your use of the Platform can be found at: https://www.peblik.com. By accessing this site and any pages thereof, you agree to be bound by our Terms of Use and Privacy Policy. © 2018 Peblik. All rights reserved
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