STATEMENT TO THE AUSTRALIAN SECURITIES EXCHANGEByte Power Group Ltd further update on final settlement payment from Soar Labs Pte LtdByte Power Group Ltd (ASX:BPG) provides a further update on the final settlement proceedsdue to Byte Power Pty Ltd (“BPPL”) from Soar Labs Pte Ltd (“Soar Labs”) as per the SettlementAgreement with Soar Labs Pte Ltd dated 24th May 2018.The Board of BPPL has agreed to the transfer of 544,726.60 Ripple coins from Soar Labs Pte Ltdto BPPL’s nominated wallet address to settle US$200,000 of the final settlement payment owingby Soar Labs Pte Ltd to BPPL. BPPL has confirmed receipt of these Ripple coins in theirnominated wallet. The balance remaining to finalise the settlement is US$120,556.97 and thetransfer of 801,392 soar coins. The Board of Byte Power Pty Ltd is considering its position inrelation to this matter.Michael WeeCompany SecretaryByte Power Group Limited
BPG Price at posting:
0.9¢ Sentiment: None Disclosure: Held
