UPDATE REGARDING COMMITMENT FUNDING
15 July 2024
Banyan Investment Banking & Hedge Fund (“Banyan”) and its associates located in both Africa, America and Indonesia had committed funds to Quantum Metal (“QM”) in accordance with a partnership allowing Banyan access to the QMB network and infrastructure for the distribution of its Letscoin digital currency project.
QM confirms at the release of this letter that the funds from Banyan has not been received. Such funding to QM has yet to eventuate with Banyan’s said transaction failing to appear in Quantum Metal Bullion (Australian) account despite its repeated promises of payment. As such, QMB has not made available or provided any distribution network access to Banyan or any of its associated parties.
We wish to reiterate that QM is able and remains committed to fulfil all its obligations.
We will be making further announcements shortly.
