North Peak Resources

North Peak Resources announces the sale of its blockchain patents to Helix Applications Inc.

24 February 2021

NORTH PEAK RESOURCES LTD. (TSX Venture: NPR) (the “Company” or “North Peak”) is pleased to announce it has agreed to sell its four (4) United States issued patents, ongoing related patent applications in China, and related development work to Helix Applications Inc. (“Helix”) (TSX Venture: HELX). North Peak prepared and applied for these patents prior to its current status as mining company, as part of a broader application for the technology it was developing at the time within the blockchain sector.

As part of the transaction, North Peak will receive a CAD$150,000 cash payment and a 5% royalty on any profits generated by Helix and its affiliates from any commercial applications derived from the patents that Helix may develop as it seeks to evaluate the growing interest in the networks of digital token economics.

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