Shareholders of IEG Holdings Corp. (OTCQB: IEGH) were recently provided with the opportunity to obtain shares in Investment Evolution Coin, Ltd (“IEC Ltd.”), which is pursuing cryptocurrency projects. The IEG Holdings shareholders will be entitled to receive the same number of shares in IEC Ltd. as the number and percentage of IEG Holdings common stock in possession of the respective shareholder. The offer will be effective for shareholders on record as of 5pm EDT on April 30, 2018. Per a news release issued today, IEC Ltd. has entered a partnership with California-based blockchain company, HashCash Consultants. HashCash works with corporations to set up blockchain networks and to tokenize their products and services around the world. IEC Ltd. anticipates the launch of a new cryptocurrency in May 2018 to be called Investment Evolution Coin, which is intended originally to facilitate the payment of remittances to the Philippines by Filipino Overseas Foreign Workers located in Singapore, USA and Australia.
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About IEG Holdings Corporation
IEG Holdings Corporation provides online $5,000 and $10,000 unsecured consumer loans under the brand name, “Mr. Amazing Loans,” via its website, www.MrAmazingLoans.com. In addition, IEG Holdings announced on December 22, 2017 that it has formed Investment Evolution Crypto, LLC, a wholly owned subsidiary of IEG Holdings (“Crypto”). Crypto will explore the legalities and economic risks and benefits of entering into a joint venture with Investment Evolution Corporation, a wholly owned subsidiary of IEG Holdings (“IEC”), to accept repayment of customer loans in the form of crypto/blockchain currencies such as Bitcoin, provide the crypto equivalent of $5,000 and $10,000 loans to customers, and also potentially create and issue an IEC cryptocurrency. Crypto has not begun operations and is in the development planning stages to explore these business opportunities in this time of changing technology. For more information about IEG Holdings, visit www.InvestmentEvolution.com.
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