The document describes AlchemyLGCoin, a cryptocurrency token backed by gold and listed on the Waves blockchain. Funds raised will be used to resume gold mining operations in Ecuador and test cyanide-free gold processing. The token sale will occur over three events, raising a total of $4.375 million or 5,468.75 ETH. Token holders can later exchange their tokens for limited-edition gold coins from the mines at a 15% discount to the market gold price, plus a 20% bonus. The token is designed to increase in value as the gold price rises and the supply decreases during exchange periods.
3. 1996 Smart Contracts
were first proposed by
Nick Szabo, an
American computer
scientist who invented
a virtual currency
called "Bit Gold"
None of This White Paper Should Be Considered Financial, Investment or Legal Advice
October 31 Bitcoin was created by Satoshi Nakamoto, who published
the invention to a cryptography mailing list in a research paper called "Bitcoin: A Peer-to-Peer
Electronic Cash System". Bitcoin represents the first decentralized cryptocurrency which is powered
by a public ledger that records and validates all transactions chronologically called the Blockchain.
2008
September 10 Lehman Brothers announces a $3.9 billion loss
September 13 Federal Reserve moots liquidation option
September 14 UK regulators veto rescue bid from Barclays
September 15 Lehman Brothers Collapse- filed for bankruptcy
2014 Ethereum conducted the 2nd token sale and is an open-source, public, blockchain-
based distributed computing platform featuring smart contract (scripting) functionality. It provides
a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can
execute scripts using an international network of public nodes that run exactly as programmed
without any possibility of downtime, censorship, fraud or third-party interference.
2013 Mastercoin conducted the first token sale (a.k.a an Initial Coin Offering “ICO”)
THE WEEK THAT CHANGED THE DECADE
6. June 30, 2015 – We incorporated as a Nevada Jr. Gold Mining For Profit - Benefit Corporation.
We are a private SEC reporting company with 3 Directors and 46 shareholders.
Authorized Capital: 100,000,000 (P.V.$.001) Issued and Outstanding: 20,313,922
CIK: 1683052. Corporate Website: https://alchemymininggroupinc.com
Registered Agent: IncSmart.Biz: https://IncSmart.Biz
Registered Address: 3609 Hammerkop Dr. N. Las Vegas Nevada USA 89084
March 15, 2017 – We executed an Exclusive Joint Venture Agreement with ASOCIACIÓN
COMUNITARIA MINERA SAN JUAN an Ecuador gold mining company with Granted Mining
Rights Contract from COOPERATIVA DE PRODUCCION MINERA AURIFERA BELLA RICA
legal title holder of gold mining concessions GUANACHE – 3 DE MAYO CODIGO: 170 BELLA
RICA CODIGO: 15 which they have been artisinally mining and extracting gold ore and being
processed to gold balls from their 1.3Km main underground gold mine tunnel with 2 extensions
and 3 identified gold ore veins since 2012.
June 28, 2017 - We became a US Securities and Exchange Commission (SEC) current reporting
private company filer with SEC acceptance of our Regulation Crowdfunding Form C Offering.
September 22, 2017 – We incorporated Alquimia y Explotación Minera San Juan Alquiexmi S.A.
(Ecuador) and legally assigned all the Granted Mining Rights Contract and obligations to the
company effectuating the March 15 Exclusive Joint Venture Agreement transaction.
CORPORATE DATA
None of This White Paper Should Be Considered Financial, Investment or Legal Advice
15. None of This White Paper Should Be Considered Financial, Investment or Legal Advice
Prepare pre - ICO Marketing
Campaign, purchase geological survey
maps, engagement of P. Geologist, establish
operations, Alchemy principals - Geologist
Ecuador property site visit and other S.
America gold mine operations currently in
discussion - prepare pre-ICO, initiate
marketing campaign, finalize coin/token
development, finalize smart contracts,
blockchain integration, finalize web site.
Initiate Modernized PHASE I gold mining
operations exploitation/extraction of gold ore from
our joint venture gold mine or other gold mine
operations in discussion, preliminary
geochem/geophysics, sampling analysis and
mapping program, draft and review marketing
materials, website terms/conditions/security,
initiate ICO marketing campaign.
Begin PHASE II gold mining operations to develop the potential and modernize the extraction
of gold ore from our mine, establish a profitable gold mining operation within the mining industry
standards, secure cyanide free leaching and LASER drilling rights, funding & close offering, identify
- communicate exchanges to support ICO.
USE OF PROCEEDS
17. None of This White Paper Should Be Considered Financial, Investment or Legal Advice
30 + entrapenerual years of experience after earning B.Sc., & M.Sc.,
degrees @ Simon Fraser University, B.C. Canada ranges from pioneering technologies including
the participation as a Research Chemist and Marketing Director of Moli Energy Limited with the
development, commercialization of the world’s 1st rechargeable Lithium battery – the funding and
application of chip technology for real time remote automobile on - board computer diagnostics
and real time remote sensing in oil and gas pipelines through to winery acquisitions and capital
raises including 20 + years as US Public Company Securities Consultant.
Bruce has spent the past 8 years evaluating and conducting due diligence on mineral
properties including gold, silver and iron ore in N. and S. America focusing on Brazil, Peru,
Colombia, and Ecuador for acquisition or joint venture. Bruce is also founder and formerly
Managing Director of Alchemy OTC Markets Specialists, LLC, a Nevada International Boutique
Consultancy where Bruce has been providing expertise in public markets listing services,
facilitating and structuring reverse merger and D.P.O. listings of private companies’ securities on
the US OTC Markets . Bruce is C.F.O. of Alquimia y Explotación Minera San Juan Alquiexmi S.A.
ALCHEMY TEAM MEMBERS
18. earned her commerce degree from the Sauder School of
Business at the University of British Columbia specializing in Marketing.
Alexandra’s current tenure is in regulatory compliance as an Analyst with Listed Issuer Services at
the TSX Venture Exchange which is the premier destination for emerging market mining companies where
~1,660 companies are publicly listed and traded in Canada.
She served as a Managing Member of Alchemy OTC Markets Specialists, LLC., a Nevada
International Boutique Consultancy providing US public markets listing services where her role in client
management focused around corporate and regulatory compliance interacting with US regulatory
agencies including US Securities and Exchange Commission (SEC); Financial Industry Regulatory Agency
(FINRA); Nevada & Delaware Secretary of States; OTC Markets; and legal counsel in support of the public
listing of US and International private company securities via reverse merger listings transactions on the
US OTC Markets where ~ 10,415 foreign and domestic companies securities are listed and traded.
Alexandra's involvement in the gold mining sector began with Pan Africa Mining Corp (TSX.V:
“PAF”) as CEO Executive Assistant. She continued on her path conducting due diligence on gold and
iron ore projects in S. and Latin America reviewing NI 43-101 reports of potential acquisition/joint venture
candidates during her tenure for Alchemy Trading and Consulting, LLC which earned Alexandra a role as
Managing Member.
OVERSIGHT AND COMPLIANCE
19. None of This White Paper Should Be Considered Financial, Investment or Legal Advice
brings over 15 years of valuable
experience in mineral exploration across various commodities, deposit styles, and diverse cultural
settings. Daniels diverse educational accomplishments include the Executive Management Program
- Simon Fraser University, BC, Canada, B.Sc. & M.Sc. in Geology, National University of Córdoba,
Argentina - Ph.D. in Earth Sciences, Technical University of Clausthal, Germany.
Daniel is the owner of GeoSea Consultants Ltd. (Vancouver - Saskatoon) a geological services
company consulting in precious and base metals, uranium, potash, iron, rare earth and industrial
minerals as well as expertise in economic geology, gold, silver and copper deposits, geological
mapping, structural interpretation, mineralogy and geochemistry.
International and cross-cultural Geologist. Qualified Person (Q.P.) and licensed as a
Professional Geologist (P. Geo.) by the Association of Professional Engineers and Geoscientists of
British Columbia. Daniel possess excellent Managerial skills including Excellent oral and written
communication in three languages (English, Spanish and German).
GEOPHYSICS/GEOCHEM/DRILLING
20. None of This White Paper Should Be Considered Financial, Investment or Legal Advice
ICO Marketing Advisor with
entrepreneurial hands on business person with …
Campaign and Bounty Advisor entrepreneurial hands on
business person with …
ICO MARKETING - IT SPECIALISTS
21. None of This White Paper Should Be Considered Financial, Investment or Legal Advice
Our Mission is to implement and execute actions that encourage responsible development
of small-scale mining operations with a clear commitment for present and future
generations. An investment that is economic and socially viable ensuring preservation of the
environment while creating added value and economic development to benefit the indigenous
people, the local communities and our associates and partners while executing Green,
Sustainable and Profitable Gold Mining Initiatives within the Mining Industry Standards.
An environmentally
friendly organic
alternative to replace
toxic Cyanide and acid
based processes currently
used for extraction of
precious metals from
mineral ores and
concentrates
Safe Dynamite
Free LASER Drilling
Cost less, more efficient,
safe work faster, more
precise.
LASER will eliminate
conventional methods
of drilling and blasting.
Open up new opportunities for hundreds of local residents who will get jobs at our mine which in turn financially supports the
community providing capital for resources including improved schooling and medical aid and health services for hundreds of
children living in the surrounding areas
Increased token value, bonuses and unique *Limited Edition* collectable gold coins
profit our token holders in appreciation of their participation and support for our
Green, Sustainable and Profitable Gold Mining Initiatives.
MISSION STATEMENT
22. None of This White Paper Should Be Considered Financial, Investment or Legal Advice
We are a duly incorporated Ecuador gold mining company involved in the
exploitation of gold mines within the national level subject to the provisions of the
Mining Act. Our authorized capital is 800 common shares par value $USD 1.00 with
800 shares issued to equally to 2 shareholders. We are 4 Directors and mining
professional advisors to the board.
We have assigned granted mining rights on 2 gold cooperative mining
concessions in Bella Rica mining district, western Azuay province, municipality of
Camilo Ponce Enríquez Ecuador, GUANACHE 3 DE MAYO CODIGO: 170 and our
BELLA RICA CODIGO: 15 concession claim area where we have blasted an
underground gold mine Mina San Juan 1.3Km main tunnel and 2 extensions where we
have been artisinally extracting gold ore from 3 identified gold ore veins and
producing gold balls since 2012.
Our registered office is Av. Fco. de Orellana, CC. La Gran Manzana Local 112
Guayaquil, Ecuador
MINA SAN JUAN GOLD MINE PROJECT
23. Jean Lafleur, M. Sc., P. Geo. BELLA
RICA CODIGO: 15 NI 43-101
TECHNICAL REPORT 2007 “Based
on the size of individual gold bearing
veins, the Bella Rica Property has the
potential to host several million
ounces of gold, without accounting for
silver, copper and zinc credits”
The adjacent Gaby, Papa
Grande and Mollopongo
gold prospects host (pre-NI
43-101) historical resources
of 212 million tonnes
grading 0.80 g/t gold
containing 5.54 million
ounces of gold
MINA SAN JUAN LOCATION
24. None of This White Paper Should Be Considered Financial, Investment or Legal Advice
MINA SAN JUAN GOLD MINE TOUR
RICA: CODIGO -15
79° 42’ 36.59" W Longitude, 3° 05’ 2.51"S Latitude
25. None of This White Paper Should Be Considered Financial, Investment or Legal Advice
Luis Fidel Atiencia Alarcon, B.Sc., C.E.O. Alquimia y Explotación Minera San Juan Alquiexmi
S.A. - Project Management (Ecuador) earned his computing science degree from (Escuela Superior
Politecnica del Litoral) E.S.P.O.L. and is an entrepreneurial, hands on business man bringing his 3
years’ experience in developing and coordinating the Mina San Juan project 1.3Km main tunnel
with two extensions, claim area property development and construction of operational facilities
and housing.
Oscar Rios Geologist B.Sc., P. Geologist (Ecuador) earned his geology degree from E.S.P.O.L.
Oscar’s experience and practical hands on approach will be integral in the integrity of the geochem
sampling, logistics and mapping to delineate and identify drill targets of value to define the Au
reserve on the property and mine Mina San Juan.
Franklin Horacio Carrillo Cevallos B.Sc., P. Eng. Mining Engineer (Ecuador) earned his
mining engineering degree from E.S.P.O.L. brings over a decade of experience in mining and
operations as well as directing current Mina San Juan operations. Franklin will continue to oversee
all mining operations.
TEAM ECUADOR
26. None of This White Paper Should Be Considered Financial, Investment or Legal Advice
We anticipate a minimum gold production of 1.2 Kg (43 oz’s) per month starting month 5
increasing to 4 Kg (142 oz’s) per month by Year 1.0 increasing to 16 Kg (570 oz’s) per month Year
1.5 with a minimum cumulative processed total of 128 Kg’s (4,590 oz’s) subject to funding.
Gold is a chemical element with symbol Au (from Latin: aurum) and atomic number 79. In its
purest form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal.
Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive
chemical elements and is solid under standard conditions.
Gold is thought to have been produced in supernova nucleosynthesis, from
the collision of neutron stars, and to have been present in the dust from which the Solar
System formed. Because the Earth was molten when it was formed, almost all of the gold present
in the early Earth probably sank into the planetary core. Therefore, most of the gold that is in the
Earth's crust and mantle is thought to have been delivered to Earth later, by asteroid
impacts during the Late Heavy Bombardment, about 4 billion years ago.
A total of 186,700 tonnes of gold exists above ground, as of 2015. The world consumption of new
gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.
GOLD PRODUCTION FLOW ANALYSIS
28. None of This White Paper Should Be Considered Financial, Investment or Legal Advice
CRYPTO TERMINOLOGY INTRODUCTION
A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses
encryption techniques to control the creation of monetary units and to secure and verify the
transfer of transactions including funds. A cryptocurrency operates independently of any central
bank, mint, government or organization.. Bitcoin represents the first decentralized
cryptocurrency, which is powered by a public ledger that records and validates all transactions
chronologically, called the blockchain.
Cryptocurrencies radically change how we do banking by removing artificial barriers imposed by
legacy financial institutions allowing for:
*True peer-to-peer
payments any where
in the world.
*Minimal transaction
fees and processing
time compared to
traditional banking.
*Payments between
pseudonymous parties
ensuring financial
privacy.
*Non-reversible
transactions
preventing charge
backs.
29. None of This White Paper Should Be Considered Financial, Investment or Legal Advice
Bitcoin is also a cryptocurrency and worldwide payment system the name of the best-known
cryptocurrency, the one for which blockchain technology was invented. Bitcoin is the first
successful digital currency designed with trust in cryptography over central authorities. The
properties of Bitcoin vary but have core focus areas such as being permission-less, immutable,
censorship resistant, decentralized, scarce, and open source. These properties make Bitcoin ideal
money and beneficial to people worldwide
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto (pseudonym) the
founder of Bitcoin who published the invention in October 31, 2008 to a cryptography mailing list
and released it as open-source software in 2009. The system is peer-to-peer; users can transact
directly without an intermediary verified by network nodes and recorded in a public distributed
block chain ledger. The definition of a Bitcoin is a “chain of digital signatures” that can be passed
from one person to another using an electronic signature (hash).
A blockchain, originally block chain, is a continuously growing list of records, called blocks, which
are linked and secured using cryptography. Each block typically contains a hash pointer as a link to
a previous block, a timestamp and transaction data. By design, blockchains are inherently resistant
to modification of the data. Harvard Business Review defines it as "an open, distributed ledger that
can record transactions between two parties efficiently and in a verifiable and permanent way.“
BLOCKCHAIN – BITCOIN
30. None of This White Paper Should Be Considered Financial, Investment or Legal Advice
Alternative cryptocurrency coins are also called altcoins or simply “coins”. They’re often used
interchangeably. Altcoins simply refers to coins that are an alternative to Bitcoin. The majority of
altcoins are a variant (a change in the underlying programming protocol resulting in a “software fork” or
split of the original blockchain) of Bitcoin, built using Bitcoin’s open-sourced, original protocol with
changes to its underlying codes, therefore conceiving an entirely new coin with a different set of
features. There are other altcoins that aren’t derived from Bitcoin’s open-source protocol. Ethereum
has created their own blockchain and protocol that supports their native currency
Ethereum is a decentralized platform that runs smart contracts; applications that run exactly as
programmed without any possibility of downtime, censorship, fraud or third-party interference. A
worldwide network of interconnected computers (nodes) that enforce, execute and validate
programs in a decentralized manner without requiring a server, memory, CPU power, or any other
computing function, as it is all provided by thousands of Ethereum nodes scattered across the
world. Ethereum is a global computer featuring smart contract (scripting) functionality. It provides
a decentralized Turing-complete virtual machine that allows for the creation
of contracts and tokens. It provides a value token called "Ubiq (UBQ)" .
ALT CRYPTO – ETHEREUM
31. None of This White Paper Should Be Considered Financial, Investment or Legal Advice
Smart Contracts were first proposed in 1996 by Nick Szabo legal scholar,
and cryptographer, realized that the decentralized ledger could be used for smart contracts,
otherwise called self-executing contracts, blockchain contracts, or digital contracts. In this format,
contracts could be converted to computer code, stored and replicated on the system and supervised
by the network of computers that run the blockchain. This would also result in ledger feedback
such as transferring money and receiving the product or service
Ethereum allows developers to program their own smart contracts, or 'autonomous agents', as
the Ethereum white paper calls them. The language is 'Turing-complete', meaning it supports a
broader set of computational instructions.
Tokens are self-executing contracts representing a particular asset or utility that usually resides on
top of another blockchain. Tokens can represent basically any assets that are fungible and
tradeable, from commodities to loyalty points to even other cryptocurrencies!
SMART CONTRACT - TOKENS