FinancialNewsMedia.com

FinancialNewsMedia.com
Professional News Dissemination Services

Friday, June 13, 2014

DNA Precious Metals Inc. ($DNAP) Forms Wholly-Owned Subsidiary DNA Crypto Corp.

MONTREAL, (http://www.financialnewsmedia.com News Alert) - DNA Precious Metals, Inc. (OTCQB: DNAP) ("DNA" or "the Company") is pleased to announce that it has formed a wholly owned subsidiary under the laws of the State of Nevada called DNA Crypto Corp. The new subsidiary will seek to identify the best crypto currency mining opportunities in the US and Canada. Initially, DNA Crypto Corp. will focus on mining bitcoins which currently represents the world's most popular crypto currency. Bitcoin has the biggest liquidity pool of all the crypto currencies with over 12.8 million bitcoins in circulation and with a market capitalization of $8.4 billion US. Well known investors like Marc Andreessen and innovative financial organizations like Second Market are firmly behind bitcoin and the potential for bitcoin to be transformative.

James Chandik, CEO and President of DNA Precious Metals Inc., commented, "The management of DNA Precious Metals, Inc. was approached by some crypto currency miners recently and they presented us with an opportunity that we did not want to pass up. They proposed that we should become part of the bitcoin mining industry and we saw the potential to deliver value for our shareholders as we continue to work towards bringing our mining operations on the Montauban Mine Property into production. The independent nature of the subsidiary will allow DNA Crypto Corp. to be a separate entity but overseen by DNA Precious Metals, Inc., thereby maximizing the new business's flexibility and ability to grow."

Furthermore, Mr. Chandik explained, "This new business is an extension of our core mission. The new subsidiary will be mining online whereas DNA Precious Metals, Inc. will be mining at the Montauban Mine Property. Bitcoin businesses that are well thought out and focused have been well received by microcap investors in both the US and Canada. Newnote Financial Corp., which trades on the CSE in Canada, is a good example and evidence that the business model for DNA Crypto Corp. has merit. It is interesting to note that the initial bitcoin mining capacity for Newnote Financial Corp (C:NEU) was sold out in the first 48 hours. DNA Crypto Corp. hopes to have the same kind of success selling its hashing power. The scalability of the new business model could result in an excellent return on investment (ROI) which would be good for all the shareholders of the Company. This is an exciting period for shareholders of DNA Precious Metals, Inc."

About DNA Precious Metals, Inc.DNA Precious Metals, Inc. is focused on near term production of the Montauban tailings mine in the Province of Quebec, Canada with an aggressive search for economic production assets. The company trades on the OTCQB market in the United States under the stock symbol DNAP. For more information, please go to http://www.DNAPreciousMetals.com.

On Behalf of the CompanyJames Chandik, Chief Executive Officer

Forward Looking DisclaimerThis release contains forward-looking statements that involve risks and uncertainties. Readers are referred to the Securities and Exchange Commission filings filed by the Company on EDGAR at http://www.sec.gov/edgar.shtml, specifically the most recent reports which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company undertakes no obligation to review or confirm analysts' expectations or estimates or to publicly release any revisions to any forward-looking statements. The information contained in this press release should not be construed as any indication of the Company's future stock price, its revenues or results of operations.

Contact InformationJames ChandikDNA Precious Metals Inc.+1-514-852-2111James.Chandik@dnapreciousmetals.comTwitter: http://www.twitter.com/dnametalsFacebook: http://www.facebook.com/dnametals

SOURCE DNA Precious Metals Inc.

----------------------

DISCLAIMER: 
FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNMG is NOT affiliated in any manner with any company mentioned herein.  FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. 

FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. 

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.

No comments:

Post a Comment