Important Announcement: Trading Halted Due to Material Changes
Dear MasterExchange Community,
We are writing to inform you of a significant development that will impact all users of the MasterExchange platform.
In response to material changes in our business environment and after careful consideration, MasterExchange has decided to temporarily halt all trading on the platform. This decision has been influenced by a combination of factors, including market conditions, regulatory adjustments, and strategic shifts.
We are also happy to inform you that MasterExchange has received an indicative competitive offer from a third party interested in acquiring all royalty shares currently listed on the platform. This offer presents an attractive opportunity to secure a good return for our users and is the most straightforward way to distribute the proceeds to all royalty shareholders.
We will now tender this offer to other potential buyers to create the best possible return for our investors.
Effective immediately, all trading on the platform will be temporarily halted. This pause will allow MasterExchange to thoroughly evaluate both the business and the offer we have received, ensuring that our next steps align with the best interests of our community. If the offer is accepted, we estimate that we will be able to distribute the proceeds pro rata within two (2) months from today.
Rest assured, all user funds are secure and safely held in segregated accounts. Your investments and any pending proceeds are fully protected during this evaluation and transition period. You can withdraw funds as usual and if you have royalties pending 2024-09-30 those will be distributed to your account as usual.
We are committed to ensuring a smooth transition and are here to support you through every step of this process.
We will continuously keep you updated on the sale process.
Sincerely,
The MasterExchange Team
