Unicoin, an assets-backed, publicly reporting, audited and SEC-compliant cryptocurrency firm, has signed an agreement with Electroquímica Del Neuquen S.A., an Argentine corporation, to acquire from Electroquímica the rights to explore and exploit mineral rights located in Argentina, primarily copper.
The property is known as the Barda Gonzalez Project, in the Neuquen Province of Argentina. The purchase price shall be paid in unicoins. The acquisition is structured pursuant to Unicoin’s program of acquiring real estate assets at 140 percent of their appraised value for unicoins, at an agreed value of $0.50 per unicoin. Unicoin agreed to pay Electroquímica 420 million unicoins for the acquisition, a $210 million value at the $0.50 per unicoin price investors currently pay for unicoins.
Upon closing of the transaction, Electroquímica will become the largest single holder of unicoins.
“We are pleased to announce a major step forward in achieving our goal