LONDON: High Growth Capital (HGC) has announced the acquisition of all existing and in-development IPR from BDD, a company that was incorporated under the laws of Malta in 2018, for a consideration of £4.0 million settled through the issue of 400 million ordinary shares in HGC. Going forward the Company will refer to this as “SDG” or “project SDG”.
In 2016, SDG founder Christopher Akers originated the innovative idea to raise at least US$1.0 billion through an annual global blockchain raffle initiative. As part of this initiative, around 50% of the raffle proceeds are to be allocated to a dedicated number of high impact human / social and environmental conviction initiatives in close collaboration with various leading charities and good causes.
The intention is for the initiative to be supported proactively by multiple leading global brands and admired individuals from all walks of life. Together with the raffle participants various high profile initiatives are expected to be curated and delivered around the world throughout the year. Sentiance, will play an important role in the core and distinct service proposition.
It is the intention that over the next several months a new dedicated business structure for SDG is established. In this construct, equity shall be made available to the organization and a small number of other stakeholders deemed crucial for the final development and first activation steps of SDG. As a first step the Directors intend to deal with a number of clearly identified and manageable risk factors. This should be achievable in a timely fashion and with a limited amount of resources.
It is the current intention that prior to calendar year end 2019 a final decision is made in conjunction with the SDG stakeholders to activate the first draw during the second half of 2020.
Jens Zimmermann Chairman of HGC said; “We have a bold vision that the current digital, proprietary content, human connectivity landscape will change fundamentally in the years to come. Sentiance, will add considerable value to SDG, which in itself has the opportunity to significantly contribute to the creation and delivery of a sustainable global human economy. We look forward to developing SDG into a transformative high quality long-term asset in close conjunction with Chris during the months ahead.”
Christopher Akers, Founder of SDG said: “HGC’s 360 degrees vision is entirely aligned with how SDG thinks to empower the Environment, Social and Government sector on a global basis. Enabling people around the world and from all walks of life to proactively contribute to a positive and progressively improving society. Inclusiveness, authenticity and undeterred determination are some of the basic ingredients that will make SDG stand out from the crowd and deliver something the world has never seen before.” [the_ad id=”31605″]