BRIX Resources, Ltd. (“BRIX”) is a Canadian Company specializing in the development of tokenized commodities, using blockchain technologies and services to create value in mainstream market programs.
BRIX looks at traditional gold as part of the known and well-established economy as well as a major part of speculative and hedging investment strategies. BRIX combines these aspects with new and innovative business strategies that focus on blockchain technologies resulting in the creation of a potentially dynamic capital growth opportunity in the precious metal markets.
The knowledge of the team, in combination with leading global experts in the business of gold geology, production, markets and business strategy, provides the catalyst for innovation and an exciting new business opportunity.
BRIX Gold Token Model
BRIX Resources is seeking to issue its BRIX Gold Token under existing jurisdictional regulatory approvals.
The Gold Token will be backed by gold. In addition, BRIX expects to pay Token holders a quarterly distribution of up to 30% of the net profits generated from investments, not to commence earlier than December 31st 2018.
From the outset, BRIX Gold Tokens will be backed by 50% physical gold stored in a vault company in good standing with the London Bullion Market Association (LBMA) and insured to their full market value. BRIX will also acquire certain streaming, royalty and joint venture rights in the anticipation that these interests will increase the Company’s and Token Holders physical gold reserves. The Company’s long-term goal is to potentially increase the value of the physical gold reserves beyond the initial funding. This is a unique concept – other gold backed tokens have a fixed ratio between the token and its underlying gold. The BRIX Gold Token offers token holders the opportunity to participate in potential acceleration of traditional commodity investment with the security of asset backed protection.
BRIX will also invest in early stage exploration projects through a Project Generator Model. BRIX will monetize these investments when appropriate, with the proceeds being used for distribution payments to Token holders, re-invested into the acquisition of new early stage prospects to create further value from the discovery process and to support G&A in subsequent years.
Tokens may be redeemed for the pro-rated physical gold. The redemption value should set the exchange floor pricing. The ability for an investor to redeem a Token for physical gold establishes real value for the token – unlike most other Token such as Bitcoin which have no underlying assets.
The potential for the BRIX Gold Token is exceptional
Stability: The BRIX token will have an underlying physical asset (gold) and will be redeemable for the pro-rata portion of the vaulted gold reserves.
Value Appreciation: Investments in the production of gold will add additional gold to the vault.
Dividend/Royalty: Investments in early stage exploration, pre-public and public gold companies will generate cash flow from exists and trading. Profits from investment will be used to increase physical gold reserves, support G&A, re-invest in new early stage gold exploration initiatives and for distribution to Token holders.
The redeemable value of the Token will equal the current value of its prorated gold reserves BUT may have a significantly higher value than the gold reserves based on the anticipated growth of the gold reserve and investments in gold projects and companies.
Investing and Holding Physical Gold
BRIX will back the value of its tokens by storing physical gold bullion. For each token sold, 50% of the net proceeds will be invested into physical gold bullion.
From time to time, based on performance of other royalty assets and investments, Management may distribute gold bullion to the storage facility. BRIX will engage qualified auditors to perform quarterly audits of assets held in Trust for Token redemptions, which will be published within 30 days of each quarters’ end. All gold held in trust will be held in vault companies that are members in good standing with the London Bullion Market Association (LBMA) and insured to their market value.
BRIX will invest a portion of the proceeds from its Token offering into early stage exploration projects based on management’s experience in the industry. While no gains are guaranteed, the inclusion of this provision allows for a limited amount of speculation in a sector that has, through various market cycles, shown significant gains.
A project generator maintains a portfolio of multiple projects and funds major exploration work by creating joint-venture partnerships with other companies. They acquire prospects they deem to have significant mineral potential and option them to a partner, generally a mid-tier or major mining company. In exchange for a majority share of the project, the partner agrees to spend a certain dollar amount progressing the project forward.
The model enables the project generator to de-risk mineral exploration by accessing capital from partner companies to fund the high-risk and expensive drilling phases of exploration. For BRIX, this means only deploying funds on the earliest stages of exploration and mineral acquisition.
Project generators return value in three ways:
Value Appreciation on Discovery
even with a project partnered, value can rise significantly.
Spinout of a New Company
when a discovery is made, companies will sometimes spin the project out into a new company.
Buyout / Takeover
a major benefit partnering with larger partners is their ability to purchase the project upon discovery.
BRIX expects to monetize these investments when appropriate, with the proceeds being used for quarterly distribution payments, re-invested into the acquisition of new early stage prospects to create further value from the discovery process and to support G&A in subsequent years.
The Project Generator model allows BRIX to be more commercially disciplined when making strategic calls on how best to allocate capital.
BRIX in the News
BRIX Resources Team
Founder & Executive Chairman
Michael is the Founder and executive Chairman of BRIX. He is an innovative and successful entrepreneur and investor with a track record of identifying business opportunities ahead of the curve, creating strategic partnerships and generating shareholder wealth.
Michael has served as Mahdia Gold’s CEO since April 2016, where he led a team of business professionals who successfully negotiated a new agreement with the Guyana Government for the famous Omai Gold Mine located in Guyana, South America.
He was the Founder and Managing Director of two successful private equity funds. Dynamic Equity Fund II, a registered fund focused on resource investments and Capital Acceleration Partners focused on technology.
Michael has 25+ years of experience in leading both private and public companies and holding senior management positons of Founder, Chairman, CEO, CFO and CSO.
BA(Hons), MAcc, CPA, CA, CFF, DIFA, CAMS, AMLP
Chief Compliance Officer
Matt is a Financial Crime Risk Management Expert. He is an internationally recognized expert in anti-money laundering (AML) and counter-terrorist financing (CTF). He has been assisting financial institutions to assess and reduce financial crime and related regulatory risks for fifteen years. He has served as an advisor to Canadian and foreign governments, as well as the United Nations Office on Drugs and Crime, on development of AML/CTF laws and financial intelligence functions and correspondent banking issues.
Matt is advisor to a digital currency exchanges (e.g. Global DCX, BTC.ca, Unocoin) and RegTech companies (e.g. KoreConX, Securefact), and a blockchain-focused EMD (Blocktech Capital). For four years, he was the leader of the National Anti-Money Laundering Practice and Ontario Region Investigative and Forensic Services Group at MNP LLP.
Mr. McGuire has been qualified by the Ontario Superior Court of Justice as an expert witness in forensic accounting and money laundering, is certified as an Anti-Money Laundering Specialist (CAMS) by the Association of Certified Anti-Money Laundering Specialists, accredited as an Anti-Money Laundering Professional (AMLP), and Certified in Financial Forensics (CFF) by the AICPA. He is the author of the CPA Canada’s AML Guide for Accountants.
Dr. LaPoint is a registered professional geologist with over 40-years of experience. He has extensive management experience in the mineral industry throughout the US and the Guyana Shield.
For the past 18 years, Dr. LaPoint has focused on exploration in the Guyana Shield. Dr. LaPoint initiated the grassroots gold exploration program in Suriname, South America for Alcoa Corp. and discovered the Merian Mine, now in production by Newmont. The Merian Mine produced 500,000 ounces in the first year of production (2017). He was also the Exploration Manager for Suriname for Cambior (IAMGOLD) and developed new gold resources at the Rosbel mine as well as new opportunities in Suriname.
Dr. LaPoint consults for various public and private companies and is a Qualified Person for the preparation of NI 43-101 reports. Dr. LaPoint has a Doctorate of Philosophy from the University Of Colorado, holds a Master of Science from the University of Montana, and a Bachelor of Arts from the University of Iowa.
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