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File: PXI - NR - November 8 2017 - Blockchain.doc
PLANET VENTURES INC. Suite 303, 750 West Pender Street Vancouver, British Columbia Canada V6C 2T7 Tel: (604) 681-008
--->4 Fax: (604) 681-0094
November 8, 2017
PLANET VENTURES INC. POSITIONS ITSELF TO BECOME A LEADER IN THE CRYPTO-CURRENCY/BLOCKCHAIN SPACE
Vancouver, British Columbia - November 8, 2017 -- Planet Ventures Inc. (the "Company") (TSX.V: PXI) is pleased to anno
--->unce that it is focusing its attention towards investing in the rapidly growing crypto-currency/blockchain space.
The Company's initiative is to empower entrepreneurs developing disruptive technologies in the blockchain space and pr
--->ovide them with the necessary capital and expertise to help them revolutionize the industry.
Management is working to position Planet as a leading investment issuer giving shareholders access to a wide range of
--->investments in all sectors of the market with strong exposure to the crypto space. Planet will primarily, but is not l
--->imited to, investing in existing crypto currencies, initial coin offerings (ICO's) and public and private companies wo
--->rking to revolutionize and disrupt the entire blockchain industry.
To date, the Company has made several strategic investments within the cryptocurrency and blockchain arena and plans t
--->o deploy additional capital in the sector. Planet's portfolio investments include:
HIVE Blockchain Technologies (TSXV:HIVE)
Hive is a growth-oriented, TSX-V-listed company building a bridge from the blockchain sector to traditional capital ma
--->rkets. Hive is strategically partnered with Genesis Mining to build the next generation of blockchain infrastructure.
--->Hive owns state-of-the-art GPU-based cryptocurrency mining facilities in Iceland, which produce mined cryptocurrency l
--->ike Ethereum around the clock.
Aida Minerals Corporation (CSE:AMC)
Aida has signed a non-binding letter of intent to acquire 100 per cent of 10375977 Canada Inc., a blockchain technolog
--->y company doing business as Greenstream.
Global Blockchain Technologies Corporation (TSXV:BLOC)
Global Blockchain Technologies is an investment company providing investors access to a basket of holdings within the
--->blockchain space, managed by a team of industry early adopters and pioneers who have had a significant impact on the r
--->ise of the blockchain. Global Blockchain is focused on streamlining the complicated process that interested investors
--->currently must undergo in order to gain exposure to the cryptocurrency space. Global Blockchain aims to become the wor
--->ld's first publicly traded company that invests in vertically integrated originators and managers of top-tier blockcha
--->ins and digital currencies.
PXI has also directly acquired holdings in Bitcoin, Ether and Litecoin.
The Company believes that the blockchain/crypto-currency market is at its infancy and the intent is to invest the Comp
--->any's capital at the forefront of this revolution. Given the size of the Company's treasury, which sits at over $5,000
--->,000 (including marketable securities), Planet believes they can drastically increase shareholder value over the short
---> term.
In addition, PXI is looking to potentially add management and advisory personnel who are industry experts and who can
--->help expose the company to new opportunities globally.
The Company has set up a digital wallet and plans to invest in the growing ICO market in the near-future. Initial coin
---> offering (ICO) is an unregulated and controversial means of crowdfunding via use of cryptocurrency, which can be a so
--->urce of capital for start-up companies. In an ICO a percentage of the newly issued cryptocurrency is sold to investors
---> in exchange for legal tender or other cryptocurrencies such as Bitcoin. The term may be analogous with 'token sale' o
--->r crowd-sale, which refers to a method of selling participation in an economy, giving investors access to the features
---> of a particular project starting at a later date. ICOs may sell a right of ownership or royalties to a project.
The Company will retain its investment portfolio and will continue to assess new opportunities for investment outside
--->of the crypto-currency/blockchain space. Notwithstanding the focus on crypto currency, the Company may take advantage
--->of investment opportunities as they arise.
ON BEHALF OF THE BOARD
"Zula Kropivnitski"
_________________________ Zula Kropivnitski Chief Financial Officer and Director
Neither the TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX
---> Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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