Wellfield Technologies Inc ( (TSE:WFLD) ) has issued an update.
Wellfield Technologies Inc. and Leonovus Inc. have announced a reverse take-over transaction where Leonovus will acquire Tradewind Markets Inc., a subsidiary of Wellfield. This transaction will result in Leonovus being renamed as Tradewind Precious Metals Exchange Inc. Additionally, a $4 million brokered financing is planned, involving a private placement offering of securities, with significant participation expected from Leonovus’s directors, officers, and associates. This strategic move aims to strengthen the company’s market position in the digital gold trading industry.
More about Wellfield Technologies Inc
Tradewind is a digital gold trading exchange that utilizes blockchain technology to tokenize physical gold and silver, facilitating seamless investment and trade transactions. The platform currently manages digitized ownership of over $261 million in physical metals held at the Royal Canadian Mint.
YTD Price Performance: -50.0%
Average Trading Volume: 361,140
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.24M
See more data about WFLD stock on TipRanks’ Stock Analysis page.