CHP 0.00% 0.5¢ chapmans limited

So, we just threw $2m away for nothing? Securrency On 12 March...

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    So, we just threw $2m away for nothing?
    Securrency
    On 12 March 2018 Chapmans announced that it completed all due diligence and held the contractual rights to
    invest up to US$4 million in Securrency, a unique exchange platform on which assets may be tokenised and
    traded by institutional and retail investors. Chapmans made
    an initial investment of US$1 million, with the
    remaining investment rights consisting of three independent tranches of US$1 million on or before 31 March, 30
    April and 31 May.
    Chapmans has since announced that it will not proceed with the second and third US$1 million tranches [ASX
    Announcements 5 April and 30 April 2018].
    The Company wishes to confirm that it will not proceed with the fourth and final US$1m tranche based on
    Securrency not proceeding with plans to list on the TSX Ventures Exchange (TSX) to Chapman’s satisfaction.
 
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