Mandela Golden Hands Collection Sells for US$10 Million at PDAC 2018 Conference
Arbitrade, a new coin and cryptocurrency exchange, to purchase the unique gold collection with Bitcoin
NEW YORK, March 16, 2018 (GLOBE NEWSWIRE) -- The Board of Arbitrade, a new coin and cryptocurrency exchange, has announced it will purchase the Nelson Mandela Golden Hands Collection. Made from 20 lbs, 99.999 of pure gold, it includes 3 life size impressions of Mandela's hands and two others of his palm and fist. It was cast in 2002 by South Africa's Harmony Gold mining group, one of the world's leading gold producers, 12 years after Nelson Mandela was released from prison.
The seller, Malcolm Duncan, a South African businessman now living in Calgary, Canada, knew Mandela. He said that Harmony's intention was to make one full set of gold artefacts consisting of a fist, a full hand and a palm impression of his right hand for each of the 27 years Mandela had spent behind bars. Duncan had purchased the sets dedicated to 1964 and 1990, marking the year Mandela was incarcerated and the year he walked out of the Pollsmoore prison gates a free man.
The set has been authenticated by Harmony Gold and is believed to be the only surviving set. The others, having been destroyed by order of Nelson Mandela.
In making the announcement, Arbitrade's Chairman, Len Schutzman, said the Board of Arbitrade shared Mr. Duncan's deep admiration for Mandela and had been keen to secure the valuable memorabilia. He joined Mr. Duncan in saying Mandela was a man who had come out of prison with no bitterness and although he had very little, he did so much to better the lives of under privileged people.
An agreement was struck by Mr. Duncan and representatives of Arbitrade at the PDAC 2018 Conference, held in Toronto on March 4 - 8, 2018. "It was the first time the collection had been on display to the general public anywhere in the world since the Letter of Authenticity had been received from Harmony Gold and we felt it was singularly appropriate that we should have met to purchase the collection at the famed PDAC Conference, one of the largest gold and metals events in the world," said Arbitrade's Chairman, Len Schutzman.
"The collection celebrates not only the remarkable contributions of Nelson Mandela to humanity each year, but also all that has been done by South Africa in supporting gold and the mining industry though the years. Moreover, our timing in buying the collection is especially significant since we are celebrating the 100th anniversary of Mandela's birth in this unique way for the first time in North America," said Mr Schutzman, who noted that the purchase of the Mandela collection will be paid for with Bitcoins.
"It is our honor and privilege to celebrate the life and legacy of Nelson Mandela. As President Obama shared in one of his tributes to this great man - Mandela is a man who took history in his hands and bent the arc of the moral universe toward justice. In the global tour we shall be making with the collection, we will be celebrating his life, which has been a gift and a shining light for us all to remember and to follow for ages to come."
"Arbitrade's management felt that these extraordinary artefacts served as a great representation for our company and that our announcement of this wonderful purchase will be the first of a series of announcements we shall be making in regard to gold that will back our cryptocurrency, Dignity (DIG) which trades on Livecoin.net," Mr. Schutzman said. "The company plans on orchestrating a global tour exhibiting the Golden Hands in National Museums around the world to celebrate the life and legacy of a man that meant so much to so many."
In responding to Mr. Schutzman, Deputy Minister of Mineral Resources, Mr. GG Oliphant, MP said, "The display and exhibition of the Mandela Golden Hands at the PDAC 2018 Conference was an appropriate moment to reflect the roots, strength and resilience of the South African mining industry. Nelson Mandela was a mineworker at some stage in his long walk to freedom, and was also later elected as the Honorary Life President of the National Union of Mineworkers in South Africa. It is therefore, within this context that, in his honour, we pay tribute to all mineworkers and ex-mineworkers around the globe who have sacrificed so much to produce gold and other mineral commodities over the years. It is therefore befitting that in this year, as we celebrate the centenary of Mandela's birth, that we could display his actual handprints in gold as an embodiment of lasting peace and prosperity for our country. Our congratulations to Arbitrade in keeping Mandela's legacy alive."
Mr. Nyameko Goso, South Africa's Consul General in Toronto added, "We thank Arbitrade for helping us celebrate Nelson Mandela's 100th Anniversary in this very special way and keeping alive his great legacy. At the same time, the purchase of this remarkable collection made of South African gold, is also a tribute to South Africa's gold mining industry who have contributed so much to the gold market and mining over the many years."
Mr. Schutzman said Arbitrade will be inviting one person from each of the countries where they will be exhibiting the collection to join with them in celebrations at the museum, "I urge everyone to be looking out for our special release next week and to click on to our web page and provide their details. We hope that a great many people want to join us and come see for themselves the powerful and inspiring collection."
ARBITRADE, through its proprietary software and strategic partnerships, plans to be in all segments of the cryptocurrency business, including currency mining, trading (The ARBITRADE Exchange) gift cards, debit cards, money transfer and Point of Sale processing.
Marston Webb International
T: (212) 684-6601, C: (917) 887-0418
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Arbitrade via Globenewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Følg saker fra GlobeNewswire
Registrer deg med din epostadresse under for å få de nyeste sakene fra GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra GlobeNewswire
Tenaris to Acquire IPSCO Tubulars from TMK22.3.2019 13:58:00 CET | Pressemelding
LUXEMBOURG, March 22, 2019 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE, Buenos Aires and Mexico: TS and MTA Italy: TEN) announced today that it has entered into a definitive agreement to acquire from PAO TMK, a Russian company and manufacturer of steel pipe, 100% of the shares of its wholly owned U.S. subsidiary IPSCO Tubulars, Inc., for US$1,209 million, on a cash-free, debt-free basis, which includes US$270 million of working capital. The transaction is subject to regulatory approvals, including approval by the U.S. antitrust authorities, and other customary conditions. IPSCO Tubulars is a U.S. domestic producer of seamless and welded OCTG and line pipe products, with an annual production capacity of 450,000 metric tons of steel bars, 400,000 metric tons of seamless pipe and 1,000,000 metric tons of welded pipe, and production facilities spread throughout the country. The acquisition would enhance Tenaris’s position and local manufacturing presence in the U.S. market, extending its produc
Oxford Immunotec Announces Chief Financial Officer Transition21.3.2019 21:01:00 CET | Pressemelding
OXFORD, United Kingdom and MARLBOROUGH, Mass., March 21, 2019 (GLOBE NEWSWIRE) -- Oxford Immunotec Global PLC (Nasdaq:OXFD) (the "Company"), a global, high-growth diagnostics company, today announced that Richard Altieri, the Company’s Chief Financial Officer (CFO), will retire on April 30, 2019. The Company has appointed Matthew McLaughlin, currently Chief Financial Officer, GE Healthcare – U.S. and Canada, as his successor. Mr. McLaughlin will join Oxford Immunotec as CFO on April 8, 2019. Today’s announcement concludes an extensive search process conducted by the Company. As part of the planned succession, Mr. Altieri, who has led Oxford Immunotec’s global finance organization as CFO since 2012, will remain an active member of the Company’s management team until his retirement date. “During his seven year tenure, Rick successfully managed multiple financing rounds, including the Company's IPO, the acquisition and financial integration of three companies and, most recently, the dives
Test Release - 3-21-2019 - 119240921.3.2019 20:29:00 CET | Pressemelding
Test Sub Headline - 1951992 Chicago, March 21, 2019 (GLOBE NEWSWIRE) -- Test Release™. Attachment sample
Blackhawks, Flyers, Sabres and Lightning Headline the 2019 NHL Global Series21.3.2019 15:34:00 CET | Pressemelding
Chicago Blackhawks and Philadelphia Flyers to Open Regular Season in Prague, Czech Republic on Oct. 4 Buffalo Sabres and Tampa Bay Lightning to Face Off in a Pair of Games in Stockholm, Sweden on Nov. 8 and Nov. 9 2019 NHL Global Series Challenge to feature Blackhawks vs. Eisbären Berlin on Sept. 29 in Berlin, Germany and Flyers vs. Lausanne HC on Sept. 30 in Lausanne, Switzerland Tickets to Games in Berlin, Prague and Stockholm Available for Purchase on Wednesday, March 27; Tickets to Game in Lausanne Available for Purchase on Wednesday, April 10 NEW YORK/TORONTO, March 21, 2019 (GLOBE NEWSWIRE) -- The National Hockey League (NHL) and the National Hockey League Players’ Association (NHLPA), in conjunction with Live Nation Sweden, today announced that the Buffalo Sabres, Chicago Blackhawks, Philadelphia Flyers and Tampa Bay Lightning will participate in the 2019 NHL Global Series. The Chicago Blackhawks and Philadelphia Flyers will play their 2019-20 season-opening game against each ot
Farmako: World's Largest Import Contract for Pharmaceutical Cannabis21.3.2019 15:10:00 CET | Pressemelding
German Farmako secures 50 tonnes of flowers and oils from Polish company Pharmacann Polska FRANKFURT, March 21, 2019 (GLOBE NEWSWIRE) -- Farmako will import 50 tonnes of pharmaceutical cannabis from Pharmacann Polska into the European market over the next four years. This provides the basis for a reliable supply of pharmaceutical cannabis for millions of patients in the European healthcare system. The company expects a total revenue of several hundred million Euros from the agreed exclusive partnership. Founded in September 2018, Farmako now has grown to 40 employees and is distributing high-quality pharmaceutical cannabis to German pharmacies since March 2019. This is the biggest Cannabis contract to date, and the first big contract without participation of a Canadian LP. Farmako has signed an exclusive and binding agreement to import and distribute 50 tons of pharmaceutical cannabis over four years. Farmako and Pharmacann Polska enter strategic partnership to develop custom tailored
NexOptic Appoints Rich Geruson, Former Lexmark CEO, to Board of Directors21.3.2019 14:00:00 CET | Pressemelding
VANCOUVER, British Columbia, March 21, 2019 (GLOBE NEWSWIRE) -- NexOptic Technology Corp. ("NexOptic" or the "Company") (TSX VENTURE: NXO) (OTCQX: NXOPF) (FRANKFURT: E3O1) is pleased to announce that Richard J. (Rich) Geruson has joined its Board of Directors, effective immediately. Mr. Geruson’s experience spans CEO roles at Lexmark International, Phoenix Technologies and VoiceSignal Technologies, and Senior Vice President and executive positions at Nokia, IBM, Toshiba, and McKinsey & Co. As CEO of Lexmark International, a multibillion-dollar imaging technology and solutions company with 10,000 employees, he grew printer sales faster than at any time in the preceding 10 years while simultaneously executing extensive process reengineering, transforming the business from negative EBITDA and high debt to positive multi-hundred-million-dollar EBITDA and a healthy debt profile. While CEO of Phoenix Technologies, he achieved consistently high profit year-over-year for six years straight in