Australian Advisory Firm to Launch $250 Mln Digital Securities Offering for Mining Sector

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Major Australian capital advisory firm PCF Capital Group has chosen permissioned blockchain ecosystem KoreConX for a $250 million digital securities offering. The news was revealed in a press release shared with Cointelegraph on May 14.PCF Capital is a corporate advisory firm with a focus on serving clients within the mining and resource sector, and has executed 120 mine divestment and project financing mandates for over $2 billion, according to the press release.KoreConX is reportedly a permissioned blockchain ecosystem for fully-compliant digital securities. It comprises a network of broker-dealers, secondary markets platforms and multiple jurisdictional securities lawyers, as well as offering investors relations, marketing and media services.The partnership between the two will thus allow the $250 million offering — purportedly an unprecedented capital raise using digital securities for the global mining sector — to be marketed across various jurisdictions with full regulatory compliance.The KoreConX integrated platform will reportedly enable PCF Capital…

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