12/10/2021 - 17:21

Torian wraps up US$1m crypto equity swap agreement

12/10/2021 - 17:21


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Gold explorer, Torian Resources has wrapped up an unusual equity swap and advisory services arrangement with blockchain outfit BullionFX that recently listed its "BULL" gold-backed token on cryptocurrency exchange Digifinex. Under the agreement, Torian acquired a 7.5 per cent stake in BullionFX and is set to receive 15 million BULL crypto tokens. Torian says each BULL recently traded up at about US$0.85, valuing its stake in BULL at more than US$12 million.

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