BioPower Operations Corporation Enters into Asset Purchase

New Govt Officers and Board Members Appointed

Las Vegas, Nevada, July 06, 2021 (GLOBE NEWSWIRE) — BioPower Operations Company (OTC Pink: BOPO) introduced at present that it has entered into an Asset Buy Settlement. Pursuant to the phrases of the settlement, BioPower agreed to amass, from the sellers, sure belongings regarding the HyFi blockchain know-how. The acquisition closed on June 29, 2021.

As part of the acquisition, the sellers paid BioPower $300,000, which quantity will probably be used to convey BioPower into a totally reporting standing with the Securities and Change Fee and for public firm working bills. As well as, the sellers transferred to BioPower 400 million HyFi Tokens anticipated for use as a method of fee on the HyFi Platform, a decentralized funds (DeFi) alternate market utilizing blockchain platform know-how to be launched by the tip of the 12 months. In alternate for the HyFi belongings and the $300,000, BioPower agreed to problem to the sellers an combination of 900,000 Sequence C convertible most popular shares. Such shares will probably be issued after BioPower will increase its approved shares and designates the Sequence C convertible most popular shares. HyFi Token intends to be listed on a well-established alternate previous to the tip of 2021.

The 900,000 Sequence C most popular shares will probably be convertible into an combination of 405 million widespread shares after one 12 months.

In reference to the acquisition, Robert Kohn resigned as BioPower’s Chief Govt Officer. Mr. Kohn remained as a member of the Board of Administrators. BioPower additionally appointed the next people to function members of the Board of Administrators: Troy MacDonald (Chairman), Adam Benchaya, and Thomas Perez.

The next people had been appointed to function officers of BioPower:

Troy MacDonald, Chief Govt Officer

Robert Kohn, Chief Monetary Officer

Adam Benchaya, President and Chief Advertising Officer

Troy MacDonald, Chief Govt Officer of BioPower, said, “We have now been working for nearly 4 years within the hydrogen markets. We intend to make use of the HyFi Blockchain Platform to create NFT Tokens which is able to characterize know-how use licenses and renewable vitality initiatives in vertical markets together with territorial licenses and have money circulation from license charges, and to supply renewable vitality commodity buying and selling markets beginning with hydrogen. We anticipate that HyFi will probably be scalable and adaptable, with the flexibility to supply its blockchain know-how to horizontal markets comparable to agri-foods, together with commodity buying and selling platforms and vertical markets comparable to territorial licenses.

ABOUT HyFi and HyFi Tokens:

Please see www.hyfi-corp.com

HyFi is a decentralized funds (DeFi) alternate market using blockchain know-how. The DeFi ideas are based mostly on the creation of an modern ecosystem of economic companies, which is accessible to everybody with out exception and will probably be launched by the tip of the 12 months.

HyFi Token would be the governance token for use as a fee token for transaction charges on the Platform.

The HyFi Platform will initially characteristic money circulation NFTs and be launched in July.

Contact:Troy MacDonald786-923-0272

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