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SynStream Energy Corp is developing Canada’s first small-scale commercial Enhanced GTL® (“EGTL™”) plant in Alberta. Making premium zero sulfur, high cetane synthetic diesel from Alberta natural gas. Welcome to our Investor Group!
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Heiko Schoelch joined the group SynStream Energy Corp. 2 days ago



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8020Admin started the topic SHM News Alert: Announces Agreement with Byte Power Group 2 days ago

Synstream Energy Corp. Announces Agreement with Byte Power Group to Develop Cryptocurrency and ICO Plan


 

Synstream Energy Corp. Announces Agreement with Byte Power Group to Develop Cryptocurrency and ICO Plan



Calgary, Alberta (FSCwire) - Synstream Energy Corp. (“Synstream” or the “Company”) (TSXV:SHM) announced today that it has entered into a form of agreement entitled Heads of Agreement with Byte Power Pty Ltd., a corporation listed on the Australian Stock Exchange (“Byte Power”).  Under this agreement, Byte Power will provide research and development services to determine an appropriate form of cryptocurrency which may be created and developed by Byte Power for Synstream, from design conception through to Initial Coin Offering (ICO).  Specifically, these services will include evaluating potential cryptocurrencies to be based on concepts developed by Synstream and Byte Power and may include natural gas environmental processing or other environment-oriented elements as the base for a potential cryptocurrency and as a supplement to the Company’s existing business.

 

In commenting on the execution of this agreement, Synstream CEO Mr David Pinkman stated: "We are excited about our engagement of Byte Power to provide these scoping study services to evaluate the creation of cryptocurrencies which will take advantage of the business experience and expertise of the Company and its Board of Directors.  We are excited to partner with Byte Power to explore establishing new cryptocurrencies that may expand upon our current business model”.

 

Mr Alvin Phua, Chairman and CEO of Byte Power Group said ”the signing of this Heads of Agreement allows Byte Power Pty Ltd to expand its footprint in the cryptocurrency market place and develop cryptocurrency concepts from design through to ICO implementation.  There are potentially many synergies that will benefit Byte Power and Synstream and I look forward to working closely with Synstream to open new business opportunities for both companies”. 

 

For further information, contact:

 

David Pinkman

Chief Executive Officer (Interim)

(403) 863-6034

 

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



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/SynstreamR12152017.pdf





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8020Admin started the topic SHM News Alert: Announces Termination of Non-Binding Letter of Intent 12 days ago

Synstream Energy Corp. Announces Termination of Non-Binding Letter of Intent



Synstream Energy Corp. Announces Termination of Non-Binding Letter of Intent

 

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES



Calgary, Alberta (FSCwire) - Synstream Energy Corp. (“Synstream” or the “Corporation”) announced today that it, 1262430 Alberta Ltd. (“126”) and Sundial Growers Inc. (“Sundial”) have mutually agreed to terminate the previously announced non-binding Letter of Intent relating to the purchase by 126 and Synstream from Sundial of the controlling interest in Kamcan Products Inc. (“KPI”), a company applying for a license to produce under the Access To Cannabis for Medical Purposes Regulation. KPI is a late stage applicant under the Regulation with a facility under construction located in Kamloops, British Columbia.  Synstream has cited its inability to obtain timely regulatory approval and the consequent effect on its ability to raise the required financing to close the transaction.

 

As a consequence, Synstream will continue with its previously announced strategic review program aimed at assessing proposals for opportunities submitted by various stakeholders. These proposals to date have included a review of the Company’s efforts to complete its financing program as a participant in the mid-stream, gas-to-liquids industry. In addition, Synstream will continue discussions with those stakeholders relative to other opportunities they have identified in the medicinal cannabis cultivation and production industry, and is also considering opportunities presented to it in the developing blockchain technologies creation, development and listing market. These opportunities require extensive due diligence and to this end the Company will explore the merits of any proposal with its professional advisors. 

 

It is expected that the common shares of Synstream will resume trading in the near future.

 

For further information, contact:

 

David Pinkman

Chief Executive Officer (Interim)

(403) 863-6034

 

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

 

Forward-Looking Statements

 

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. More particularly and without limitation, this news release contains forward-looking statements in respect of the resumption of trading. Although the Corporation believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Corporation can give no assurance that they will prove to be correct.

 

Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements and information contained in this news release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Synstream12042017.pdf

Source: Synstream Energy Corp. (TSX Venture:SHM)

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Laura ZHU joined the group SynStream Energy Corp. 29 days ago



Calgary Investors joined the group SynStream Energy Corp. 29 days ago