21st May 2018 14:51
LONDON (Alliance News) - Vela Technologies PLC announced today that African Hydrocarbons Inc has been given conditional approval from the Toronto stock exchange to change its name to BlockchainK2 Corp.
Vela, which is a technology investment company, has an agreement to invest GBP200,589 in African Hydrocarbons that is conditional on the company's change of business.
Under its BlockchainK2 name, African Hydrocarbons will become a blockchain technology company. It will cease its oil and gas exploration in North Africa and will initially mine cryptocurrency.
Shares in Vela Technologies were up 0.9% at 0.66 pence per share on Monday afternoon.
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