MiningSX. A focused, fit-for-purpose Stock Exchange created for the mining industry and therefore becoming the definitive source of mining data globally.

unearthing

new resources

RESEARCH / INTELLIGENCE / DATA / TRANSACTION

MiningSX.
A focused, fit-for-purpose Stock Exchange created for the mining industry and therefore becoming the definitive source of mining data globally.

screenshot
The MiningSX Platform

a new era

for the mining

sector

The MiningSX platform is available for Desktop and Mobile.

Why does the market need MiningSX?

“Will the next two years be wasted time where companies fail to learn from the mistakes of the past? Or will these be the years where miners seize the opportunity to transform themselves and create a sustainable industry?”

Glenn Ives, Americas Mining Leader Deloitte Canada

Capital Markets for the Mining Sector

The mining sector has particular issues dealing with the capital markets.

A public company in any sector understands that shareholder value gives more than competitive advantage. As a measure of value creation, it also affects a company’s credit rating, ability to raise capital and market reputation. Yet, despite its importance, the mining industry has traditionally underperformed in this space.

If you take a hard look at a large selection of deals currently seeking capital you will see a few things:

  • They have merit. There are resources to be extracted and the companies make a strong case for commercial viability.
  • There is a market for those resources once extracted.
  • The deals are often smaller than the top tier deals and so can be effective and nimble. Larger companies can't do the smaller deals due to many factors but, in many mining sectors, small deals have a history of becoming big deals.

So why, given these positive factors, are these viable deals struggling to get funding or not getting funding at all?

Firstly if the seed capital was hard to find, the mezzanine round will also be hard to attain. Investors know this and it tilts the risk factor barometer towards the negative for that company.

Secondly, in mining companies in particular, our research shows that the team tend to be serving on multiple boards at the same time; perhaps even upwards of six.

The team may therefore have less focus, they are frequently cash constrained and when and if they do close a funding it’s usually not enough capital, meaning failure has once again been injected into the deal right at the start.

MiningSX aims to iron these wrinkles out, help those teams structure better deals, take the risk of second and third round funding away so early stage investors can see a light at the end of the tunnel.

Vision.

The foundation stone of AlliedSX exchanges is the ethos that the company comes first.

Other exchanges put the investor first by allowing derivatives such as shorting which have no place in early stage companies and are not sustainable for either the company or the investor in the long term.

We want to support the companies and reveal gaps they have, not only in terms of capital, but also in people and services. We guide them on how the market works and how to layer in the next round of financing allowing them to avoid the frustrations of stop-starts in raising capital. 

The founder and partners spent more than 30 years creating, growing and exiting early-stage companies across the globe. This experience helped develop a series of services which have now been digitised into a suite of online tools to assist growing companies at every stage of development from idea to exit. This suite has become the Capital SuperHighway;
A fast track where young and developing companies can flourish using proprietary value-added services. These powerful tools are provided by partners such as MobileNDA, Program for Equity, IPO Bidder, MaximumOne and Agent NED and give the company guidance, support and a smooth route to the capital they need to be successful and effect growth.

Solution.

AlliedSX has created the first digitally-delivered global stock exchange that fills the gap between the deregulation of crowdfunding and the regulation of big board stock exchanges. MiningSX is the first sector-based exchange.

Companies can quote or list on MiningSX for a fraction of the cost of listing on other exchanges.

MiningSX offers an opportunity for companies to grow, remove geographical barriers more efficiently and gain consistency in positioning and reporting.

As companies move along the Capital SuperHighway from inception through growth and exit. MiningSX offers a technology platform and value-added services to support and propel them to greater success!

with vision comes clarity

an exciting landscape emerges

Mining companies cannot afford to take their feet off the financial discipline pedal. Rather than reverting to the days of open cheque books and major capital projects with uncertain time horizons, companies are now acutely aware of the need to maintain strict operating and capital restraint.

For most, this means pursuing low capital, intense growth options, squeezing more value out of existing assets, making operations as efficient as possible and investing where perceived returns are highest, in accordance with scrupulous investment criteria.

In addition to these constraints, the relationship between governments and mining companies is an age-old issue. On the one hand, some jurisdictions unquestionably target the mining sector for a disproportionate share of taxes and royalty fees, require adherence to stringent rules, and have been known to significantly delay operating licenses and permits.

In a trend that has emerged from the shadow of resource nationalism, governments in a growing number of jurisdictions are demanding greater levels of transparency from their domestic extractive industries. Beyond tying up resources, this has put companies under greater scrutiny as governments seek to establish that each company is paying the right amount of tax.

Again these practices in the public domain allow investors to weigh in on the lobbying and iron out these problems in favor of transparency as they are demanding the same in more sophisticated jurisdictions.

Canada, for example, adopted the Extractive Sectors Transparency Measures Act (ESTMA), which requires mining companies to track and report payments made to governments in excess of CAD$ 100,000, including taxes, royalties, fees, production entitlements, bonuses, dividends and payments for infrastructure improvements.

Under the Extractive Industries Transparency Initiative (EITI), which has 51 implementing countries, governments and companies must disclose information along the industry value chain from the point of extraction, to how the revenue makes its way through the government, to how it benefits the public. 

In spite of these issues facing the industry, the mining sector has been engaging for years now in various forms of innovation aimed at making extraction and production more efficient to the benefit of the whole sector.

What if we used the same ethos to benefit the sector in the capital markets?

Mining companies need to embark on the creation of a new, viable business offering; ideally going beyond the products they extract and market, to a business model which also drives efficiency through the investor and stakeholder experience, which in turn strengthens the company. Currently there are 4 broad technical innovations which make production more efficient.

1) Automation and Advanced Analytics

Driverless trucks and multiple forms of automation allow miners to set up remote operations, enhancing safety/efficiency and costs. The use of sensors to monitor a wide range of factors - from tyre pressure and road conditions to both equipment and labour performance - enables the collection of highly valuable data. Through advanced analytics, that data yields insight that can help companies reduce cost, streamline equipment maintenance and prevent safety incidents, so why not use these same type of advancements in the form of FinTech?

New technological capabilities also promise to drive the next wave of productivity gains. With drones, mining companies can conduct geophysical surveys in real time to aid in resource calculation, erosion detection, surface stability monitoring and beyond.

Imagine if they could report this to a strategic investor base that could see the benefits in the form of hard numbers and time efficiency that will have reflecting effects on the companies’ value and progress to the next level. While miners mitigate risk in the field, investors want to mitigate risk in their portfolios. It’s just a smart use of platform-based tech that will achieve this and we have it in MiningSX.

MiningSX combines what miners instinctively know how to do in the field onto a platform where all this data, know-how and efficiency can be counted, reported and used to make key decisions by investors to put their money to work.

The Next Level

2) Digital Simulation Models

GE Power is implementing digital twinning for the parts it supplies to power plants, wind farms and electrical grids. Using sensors and controls, signal aggregation and high performance computing, it is developing real-time digital simulation models of its real-life, physical parts operating within the plant. These cloud-based “digital power plant” models will enable plant operators to know the condition of parts, optimize power, determine the right time for machinery maintenance and simulate various conditions to understand how they impact the plant.

3) Predictive Maintenance

Schneider Electric examined both maintenance and historical data collected over the course of one year for a 110 MW steam model turbine which had required regular, ongoing maintenance for an escalating series of breakdowns. Analysis enabled Schneider to address the root cause (thermal expansion problems) before they led to symptoms (bearing vibration) that caused equipment shutdowns. The company estimates that predictive maintenance offers millions of dollars in potential savings along with far fewer days of equipment downtime.

MiningSX provides tools to assist in strategic data collection and monitoring allowing companies to adjust their strategic and financial path before encountering problems and with the support of their stakeholders.

4) Industry collaboration

“It’s no secret that the mining industry faces a host of issues. These run the gamut - from declining grades, a lack of financing and the slowdown in exploration to mounting stakeholder demands, a shifting regulatory environment and competition for scarce resources. If there were easy ways to address these issues, they would already be resolved. The fact that solutions remain elusive may be due, in part, to the way in which these challenges have been historically approached.

Simply stated, mining companies have traditionally tried to tackle these issues on their own. This has yielded gradual improvements. Unfortunately, incremental change cannot drive exponential results. To realize major breakthroughs, the sector needs to shift from a go-it-alone mentality to one that recognizes the imperative of operating within an ecosystem.”

Deloitte Mining Sector report 2017

Several mining innovation ecosystems, like the Canadian Mining Innovation Council (CMIC), have sprung up to encourage greater industry collaboration. In many cases, they engage technology start-ups, businesses and industry leaders to help and creative solutions to resource challenges in mining.

MiningSX is That Ecosystem. 

Barrick Gold is a true example of digital innovation, but what if it could do more?

In a move that likely heralds the wave of the future, Barrick Gold teamed up with Cisco to digitally reinvent its business. The aim is to digitize Barrick’s entire organization - from its mines to its head office. The company plans to improve decision making through the use of real-time data, analytics and predictive tools.

It is setting up an enterprise-wide analytics hub to better manage and benchmark its operational and financial performance. To enhance transparency, it will share real-time data with local communities and partners.

To improve safety, productivity and its environmental performance, the company will automate its equipment, use predictive algorithms to gain greater metallurgic precision and use digital technology to streamline its permitting activities. The transformative potential is massive. Production costs alone are expected to drop from US$ 800 to under US$ 700 per ounce of gold on a sustainable basis.

Why then, don’t Barrick take this approach the whole way to the investor base in a fully transparent and dynamic way? Allowing the same data to help investors make decisions about the growth and give them the opportunity to support the company financially as they break these digital data barriers.

for example

The Future with MiningSX

MiningSX combines data about the company, key people, sector analysis, data about the projects and concessions and also the investors. This builds into a rich resource for decision making and forecasting as well as a way of communicating with and attracting investors using minimum effort.

The MiningSX ecosystem allows information to flow easily to every participant, giving access to all the resources the company needs to grow, mitigating risk and attracting investors.

We, at MiningSX, are crunching all this minute data in a different way to give more information than ever before about risk and reward within the sector as a whole.

the future is now

Competitive advantages.

  • Proprietary technology yielding the first digitally-driven global stock exchange with transparency and efficient risk mitigation
  • First and only Ecosystem for companies that fills the exit, trading, reporting, compliance and payment void in the marketplace
  • The only data-driven technology infrastructure in the market place where others are application driven. This makes it difficult to copy
  • Much lower listing fees for companies; up to 90% lower than the fee to list on traditional markets and this may continue to drop
  • Trading is less expensive, 24/7/365 and features instant settlement and no shorting
  • Unique regulatory-driven framework
  • Central Bank approval

ahead of our time 

1

Automation and advanced analytics deliver ease of reporting and information sharing

The company can embed analysis, data and reasoning into their decision-making processes, becoming an insight-driven organization.

Timely and relevant information solves wide range of business problems at all levels of the organization.

They can also take all this to the next level and share some non-sensitive data with key strategic investors directly as opposed to using time consuming and expensive road shows. Transparency and information flow leads to risk mitigation which attracts investors. Digitally delivering data to the board is one level of innovative thinking, but MiningSX encompasses the investor base too.

With the MiningSX Supplier Module an investor will be able to read a simple synopsis about a technological advancement, see clearly the supreme advantage for anyone adopting these advancements, and invest accordingly.

2

Predictive maintenance; setting milestones and monitoring

Our analytics include a matching system which streamlines the research and matches investors to companies based on opt in data so the right investors are looking at the company at the right time.

We’ve taken this one step further with IPO Bidder; a matching engine where companies project their growth path with milestones and attract the institutional support they need to grow their companies.

Institutions gain the opportunity to lock in an advantageous price by committing early to the company and can monitor progress.

The company is protected and supported in the ecosystem from the beginning with integrated services from the Capital SuperHighway, which range from business planning, and personnel services to web services. If the company is failing to reach its milestones, these services from the ecosystem can be provided to get them back on track.

3

Digital simulation models;

IPO Bidder predicts their results and benchmarks along the way, mitigating risk for investors.

IPO Bidder asks institutions to log the size, terms, sector and location of its investment preference. It then plays forward the business model and plan of the early stage mines and predicts when these smaller deals may become big enough to be in the sweet spot of the later stage investor. The institutions bid based on a future price based on the established benchmarks and assumptions then watch them play out.

IPO Bidder irons out the time wasted presenting to funds that are not interested. It irons out some of the due diligence as the fund is already watching the team produce on key milestones it said it would. The bids are not obligations until the goals seem achievable and bids are increasing.

The early stage investor sees potential in the bid alone as he has mitigated his risk down to a single question, “Can this team get to this point with the capital they have in the bank?”

If the answer is yes, he has a solid basis to make a decision to invest as opposed to before when these questions were met with too many common sense barriers mentioned above.

IPO Bidder not only takes funding parameters from private equity, hedge funds, private investors and banks but it also looks at acquisitive giants and their parameters should a small deal tip into a big deal and hit the radar of one, which in turn creates an exit opportunity and layers it in early.

4

Collaboration; Other tools and connections in the ecosystem

The MiningSX ecosystem gives companies everything they need to grow and investors everything they need to participate. For more information on these tools see www.capitalsuperhighway.com

The mining sector is vital to many other industries. It provides key components in most of our hardware tech and there is no software without hardware. The prices of these components directly correlate to the end price of the hardware. So the mining cog in the big industry wheel allows for flow to be more efficient and that is at the heart of the AlliedSX mantra.

We have made a strategic partnership with MiningSX Index Fund which has launched with a modest $50m in capital to invest directly in the sector. To apply you must be listed on MiningSX.

Terms and Conditions – MiningSX Limited

  1. ACCEPTANCE OF TERMS

Welcome to the MiningSX Limited website (“MiningSX”). MiningSX provides its service to the user of the MiningSX website and related services, subject to the following Terms of Service (“TOS”), which may be updated by MiningSX at any time without notice to the user. The user of the MiningSX website can review the most current version of the TOS at any time by accessing the "Terms and Conditions" link on the MiningSX website. In addition, when using particular MiningSX services, the user of the MiningSX website and MiningSX shall be subject to any posted guidelines or rules applicable to such services which may be posted from time to time. All such guidelines or rules are hereby incorporated by reference into the TOS. MiningSX also may offer other services from time to time, which may be governed by different Terms of Use. The MiningSX TOS do not apply to such other services.

  1. DESCRIPTION OF SERVICE

MiningSX currently provides users with access to a broad range of information and other resources, directly, as well as through its network of contacts and service providers (the "Service"). The user of the MiningSX website also understands and agrees that the Service may include advertisements and that the MiningSX advertisements may be necessary for MiningSX to provide the Service. Unless explicitly stated otherwise, any new features that augment or enhance the current Service shall be subject to the TOS. The user of the MiningSX website understands and agrees that the Service is provided "AS-IS" and that MiningSX assumes no responsibility for the timeliness, deletion, mis-delivery or failure to store any user communications or personalization settings.

The user of the MiningSX website is responsible for obtaining access to the Service and that access may involve third party fees (such as internet service provider or airtime charges). The user of the MiningSX website is responsible for those fees, including those fees associated with the display or delivery of advertisements. In addition, the user of the MiningSX website must provide and is responsible for all equipment necessary to access the Service.

  1. REGISTRATION OBLIGATIONS

In consideration of the user of the MiningSX website using the Service, the user of the MiningSX website agrees to: (a) provide true, accurate, current and complete information about the user of the MiningSX website as prompted by the Service's registration form (such information being the "Registration Data") and (b) maintain and promptly update the Registration Data to keep it true, accurate, current and complete. If the user of the MiningSX website provides any information that is untrue, inaccurate, not current or incomplete, or MiningSX has reasonable grounds to suspect that such information is untrue, inaccurate, not current or incomplete, MiningSX has the right to suspend or terminate the account of the user of the MiningSX website and refuse any and all current or future use of the Service (or any portion thereof).

  1. MiningSX PRIVACY POLICY

The information submitted to us will be used primarily for the purpose of creating successful matches between entrepreneurs and collaborators or investors. Any information received is necessary to provide a level of certainty of intent and to maximize credibility. It may also be used to provide backup that may be helpful in your desire to seek capital and/or to invest. It is also needed in order to aid with the continual improvement of the site, compile basic demographic data and to generally improve the services offered to you. The company will not sell, share or rent your confidential information to any independent third parties without your prior consent.

Cookies - We may use Cookies from time to time. "Cookies" are small bits of data that can be sent to your computer which then may be stored by your browser on your computer's hard drive. They cannot be used to retrieve data from your hard drive, email addresses or personally identifying information about you in any way. Most web browsers have features that can notify you when you receive a "cookie" or prevent "cookies" from being sent. Please note that by not accepting cookies, you may limit the website’s functionality.

Security - Transaction information can be securely transmitted to the payment gateway PayPal via secure SSL connections. We do not store credit card details nor do we share customer details with any 3rd parties

  1. MEMBER ACCOUNT, PASSWORD AND SECURITY

The user of the MiningSX website is responsible for maintaining the confidentiality of the password and account, and is fully responsible for all activities that occur under its password or account. The user of the MiningSX website agrees to (a) immediately notify MiningSX of any unauthorized use of its password or account or any other breach of security, and (b) ensure that the user of the MiningSX website exits from its account at the end of each session. MiningSX cannot and will not be liable for any loss or damage arising from failure of the user of the MiningSX website to comply with this Section 5.

  1. MEMBER CONDUCT

The user of the MiningSX website understands that all information, data, text, software, sound, photographs, graphics, video, messages or other materials (the "Content"), whether publicly posted or privately transmitted, are the sole responsibility of the person from which such Content originated. This means that the user of the MiningSX website, and not MiningSX, is entirely responsible for all Content that the user of the MiningSX website upload, post, email, transmit or otherwise make available via the Service. MiningSX does not control the Content posted via the Service and, as such, does not guarantee the accuracy, integrity or quality of such Content. The user of the MiningSX website understands that by using the Service, the user of the MiningSX website may be exposed to Content that is offensive, indecent or objectionable. Under no circumstances will MiningSX be liable in any way for any Content, including, but not limited to, any errors or omissions in any Content, or for any loss or damage of any kind incurred as a result of the use of any Content posted, emailed, transmitted or otherwise made available via the Service.

The user of the MiningSX website agrees to not use the Service to:

  1. upload, post, email, transmit or otherwise make available any Content that is unlawful, harmful, threatening, abusive, harassing, tortious, defamatory, vulgar, obscene, libellous, invasive of another's privacy, hateful, or racially, ethnically or otherwise objectionable;
  2. harm minors in any way;
  3. impersonate any person or entity, including, but not limited to, an MiningSX official, forum leader, guide or host, or falsely state or otherwise misrepresent the affiliation of the user of the MiningSX website with a person or entity;
  4. forge headers or otherwise manipulate identifiers in order to disguise the origin of any Content transmitted through the Service;
  5. upload, post, email, transmit or otherwise make available any Content that the user of the MiningSX website do not have a right to make available under any law or under contractual or fiduciary relationships (such as inside information, proprietary and confidential information learned or disclosed as part of employment relationships or under nondisclosure agreements);
  6. upload, post, email, transmit or otherwise make available any Content that infringes any patent, trademark, trade secret, copyright or other proprietary rights ("Rights") of any party;
  7. upload, post, email, transmit or otherwise make available any unsolicited or unauthorized advertising, promotional materials, "junk mail," "spam," "chain letters," "pyramid schemes," or any other form of solicitation, except in those areas (if any) that are expressly designated for such purpose;
  8. upload, post, email, transmit or otherwise make available any material that contains software viruses or any other computer code, files or programs designed to interrupt, destroy or limit the functionality of any computer software or hardware or telecommunications equipment;
  9. disrupt the normal flow of dialogue, cause a screen to "scroll" faster than other users of the Service are able to type, or otherwise act in a manner that negatively affects other users' ability to engage in real time exchanges;
  10. interfere with or disrupt the Service or servers or networks connected to the Service, or disobey any requirements, procedures, policies or regulations of networks connected to the Service;
  11. intentionally or unintentionally violate any applicable local, state, provincial, national or international law, including, but not limited to, regulations promulgated by any National, State, Provincial or other Securities Commission or authority, any rules of any national or other securities exchange and any regulations having the force of law;
  12. stalk or otherwise harass another; or
  13. collect or store personal data about other users.

The user of the MiningSX website acknowledges that MiningSX does not pre-screen Content, but that MiningSX and its designees shall have the right (but not the obligation) in their sole discretion to refuse or move any Content that is available via the Service. Without limiting the foregoing, MiningSX and its designees shall have the right to remove any Content that violates the TOS or is otherwise objectionable. The user of the MiningSX website agrees that it must evaluate, and bear all risks associated with, the use of any Content, including any reliance on the accuracy, completeness, or usefulness of such Content. In this regard, the user of the MiningSX website acknowledges that the user of the MiningSX website may not rely on any Content created by MiningSX or submitted to MiningSX, including without limitation information in MiningSX Message Boards and in all other parts of the Service.

The user of the MiningSX website acknowledges and agrees that MiningSX may preserve Content and may also disclose Content if required to do so by law or in the good faith belief that such preservation or disclosure is reasonably necessary to: (a) comply with legal process; (b) enforce the TOS; (c) respond to claims that any Content violates the rights of third-parties; or (d) protect the rights, property, or personal safety of MiningSX, its users and the public.

The user of the MiningSX website understands that the technical processing and transmission of the Service, including the Content of the user of the MiningSX website, may involve (a) transmissions over various networks; and (b) changes to conform and adapt to technical requirements of connecting networks or devices.

  1. SPECIAL ADMONITIONS FOR INTERNATIONAL USE

Recognizing the global nature of the Internet, the user of the MiningSX website agrees to comply with all local rules regarding online conduct and acceptable Content. Specifically, the user of the MiningSX website agrees to comply with all applicable laws regarding the transmission of technical data exported from the country in which the user of the MiningSX website resides.

  1. CONTENT SUBMITTED OR MADE AVAILABLE FOR INCLUSION ON THE SERVICE

MiningSX does not claim ownership of Content the user of the MiningSX website submits or makes available for inclusion on the Service. However, with respect to Content the user of the MiningSX website submits or makes available for inclusion on publicly accessible areas of the Service, the user of the MiningSX website grants MiningSX the following world-wide, royalty free and non-exclusive license(s), as applicable:

With respect to Content the user of the MiningSX website submits or makes available for inclusion on publicly accessible areas of MiningSX Message Boards and MiningSX Groups, the license to use, distribute, reproduce, modify, adapt, publicly perform and publicly display such Content on the Service solely for the purposes of providing and promoting the specific MiningSX Message Board or MiningSX Group to which such Content was submitted or made available. This license exists only for as long as the user of the MiningSX website elects to continue to include such Content on the Service and will terminate at the time the user of the MiningSX website removes or MiningSX removes such Content from the Service.

With respect to photos, graphics, audio or video the user of the MiningSX website submits or makes available for inclusion on publicly accessible area of the Service other than MiningSX Message Boards or MiningSX Groups, the license to use, distribute, reproduce, modify, adapt, publicly perform and publicly display such Content on the Service solely for the purpose for which such Content was submitted or made available. This license exists only for as long as the user of the MiningSX website elects to continue to include such Content on the Service and will terminate at the time the user of the MiningSX website removes or MiningSX removes such Content from the Service.

With respect to Content other than photos, graphics, audio or video the user of the MiningSX website submits or makes available for inclusion on publicly accessible areas of the Service other than MiningSX Message Boards or MiningSX Groups, the perpetual, irrevocable and fully sub-licensable license to use, distribute, reproduce, modify, adapt, publish, translate, publicly perform and publicly display such Content (in whole or in part) and to incorporate such Content into other works in any format or medium now known or later developed.

"Publicly accessible" areas of the Service are those areas of MiningSX's network of properties that are intended by MiningSX to be available to the general public. By way of example, publicly accessible areas of the Service would include MiningSX Message Boards and portions of MiningSX Groups that are open to both members and visitors. However, publicly accessible areas of the Service would not include portions of MiningSX Message Boards and MiningSX Groups that are limited to members, MiningSX services intended for private communication, or areas off of the MiningSX's network of properties such as portions of World Wide Web sites that are accessible through the MiningSX but are not hosted or served by the MiningSX.

  1. INDEMNITY

The user of the MiningSX website agrees to indemnify and hold MiningSX, and its subsidiaries, affiliates, officers, agents, co-branders or other partners, and employees, harmless from any claim or demand, including reasonable attorneys' fees, made by any third party due to or arising out of Content the user of the MiningSX website submits, posts, transmits or makes available through the Service, the use of and connection to the Service by, the user of the MiningSX website, the violation of the TOS or of any rights of another by the user of the MiningSX website.

  1. NO RESALE OF SERVICE

The user of the MiningSX website agrees not to reproduce, duplicate, copy, sell, resell or exploit for any commercial purposes, any portion of the Service, use of the Service, or access to the Service, including any intellectual property rights of MiningSX or any person firm or corporation having posted information for availability through the Service.

  1. GENERAL PRACTICES REGARDING USE AND STORAGE

The user of the MiningSX website acknowledges that MiningSX may establish general practices and limits concerning use of the Service, including without limitation the maximum number of days that email messages, message board postings or other uploaded Content will be retained by the Service, the maximum number of email messages that may be sent from or received by an account on the Service, the maximum size of any email message that may be sent from or received by an account on the Service, the maximum disk space that will be allotted on MiningSX's servers on behalf of the user of the MiningSX website, and the maximum number of times (and the maximum duration for which) the user of the MiningSX website may access the Service in a given period of time. The user of the MiningSX website agrees that MiningSX has no responsibility or liability for the deletion or failure to store any messages and other communications or other Content maintained or transmitted by the Service. The user of the MiningSX website acknowledges that MiningSX reserves the right to log off accounts that are inactive for an extended period of time. The user of the MiningSX website further acknowledges that MiningSX reserves the right to change the MiningSX general practices and limits at any time, in its sole discretion, with or without notice.

  1. MODIFICATIONS TO SERVICE

MiningSX reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, the Service (or any part thereof) with or without notice. The user of the MiningSX website agrees that MiningSX shall not be liable to the user of the MiningSX website or to any third party for any modification, suspension or discontinuance of the Service.

  1. TERMINATION

The user of the MiningSX website agrees that MiningSX, in its sole discretion, may terminate the password, account (or any part thereof) of the user of the MiningSX website or the use of the Service, and remove and discard any Content within the Service, for any reason, including, without limitation, for lack of use or if MiningSX believes that the user of the MiningSX website has violated or acted inconsistently with the letter or spirit of the TOS or the MiningSX Acceptable Use Policy. MiningSX may also in its sole discretion and at any time discontinue providing the Service, or any part thereof, with or without notice. The user of the MiningSX website agrees that any termination of the user's access to the Service under any provision of this TOS may be effected without prior notice, and acknowledges and agrees that MiningSX may immediately deactivate or delete the user's account and all related information and files in the user's account and/or bar any further access to such files or the Service. Further, the user of the MiningSX website agrees that MiningSX shall not be liable to the user of the MiningSX website or any third-party for any termination of its access to the Service.

  1. DEALINGS WITH ADVERTISERS

The correspondence or business dealings, or participation in promotions of, advertisers found on or through the Service by the user of the MiningSX website, including payment and delivery of related goods or services, and any other terms, conditions, warranties or representations associated with such dealings, are solely between the user of the MiningSX website and such business, promoter or advertiser. The user of the MiningSX website agrees that MiningSX shall not be responsible or liable for any loss or damage of any sort incurred as the result of any such dealings or as the result of the presence of such businesses, promoters or advertisers on the Service.

  1. LINKS

The Service may provide, or third parties may provide, links to other World Wide Web sites or resources. Because MiningSX has no control over such sites and resources, the user of the MiningSX website acknowledges and agrees that MiningSX is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any Content, advertising, products, or other materials on or available from such sites or resources. The user of the MiningSX website further acknowledges and agrees that MiningSX shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such Content, goods or services available on or through any such site or resource.

  1. MiningSX'S PROPRIETARY RIGHTS

The user of the MiningSX website acknowledges and agrees that the Service and any necessary software used in connection with the Service ("Software") contain proprietary and confidential information that is protected by applicable intellectual property and other laws. The user of the MiningSX website further acknowledges and agrees that Content contained in sponsor advertisements or information presented to the user of the MiningSX website through the Service or advertisers is protected by copyrights, trademarks, service marks, patents or other proprietary rights and laws. Except as expressly authorized by MiningSX or advertisers, the user of the MiningSX website agrees not to modify, rent, lease, loan, sell, distribute or create derivative works based on the Service or the Software, in whole or in part.

MiningSX grants the user of the MiningSX website a personal, non-transferable and non-exclusive right and license to use the Service; provided that the user of the MiningSX website does not (and does not allow any third party to) copy, modify, create a derivative work of, reverse engineer, reverse assemble or otherwise attempt to discover any source code, sell, assign, sublicense, grant a security interest in or otherwise transfer any right in the MiningSX website, the Software or the Content. The user of the MiningSX website agrees not to modify the Software in any manner or form, or to use modified versions of MiningSX website, the Software or the Content, including (without limitation) for the purpose of obtaining unauthorized access to the Service. The user of the MiningSX website agrees not to access the Service by any means other than through the interface that is provided by MiningSX for use in accessing the Service.

  1. DISCLAIMER OF WARRANTIES

The user of the MiningSX website expressly understands and agrees that:

  1. Its use of the Service is at its sole risk. The Service is provided on an "AS IS" and "AS AVAILABLE" basis. MiningSX expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
  2. MiningSX makes no warranty that (i) the service will meet the requirements of the user of the MiningSX website, (ii) the Service will be uninterrupted, timely, secure, or error-free, (iii) the results that may be obtained from the use of the Service will be accurate or reliable, (iv) the quality of any products, services, information, or other material purchased or obtained by the user of the MiningSX website through the service will meet its expectations, and (v) any errors in the Software will be corrected.
  3. Any material downloaded or otherwise obtained through the use of the Service is done at the sole discretion and risk of the user of the MiningSX website and that it will be solely responsible for any damage to its computer system or loss of data that results from the download of any such material.
  4. No advice or information, whether oral or written, obtained by the user of the MiningSX website from MiningSX or through or from the Service shall create any warranty not expressly stated in the TOS.
  5. It waives any claims it now has, or in the future may have, which gives or provides the user of the MiningSX with any cause of action whatsoever.
  6. Notwithstanding any other provisions herein, user of the MiningSX acknowledges that neither the MiningSX or its Contributors, nor their affiliates or representatives shall be liable to the user of the MiningSX, for special, incidental or consequential, special, direct or indirect damages arising directly or indirectly from any occurrence whatsoever (including without limitation loss of profits, loss of business opportunity, loss of property, of any nature whatsoever), whether or not such damages were foreseeable by the MiningSX or its Contributors or any one of them was advised of the possibility of such damages and whether otherwise arising from any contractual, tortious acts or omissions of either party or of their respective affiliates or representatives, and whether or not it had any knowledge, actual or constructive, that such damages might be incurred for having relied on the material, information, data or the Content presented or forming part of any of the MiningSX website, to make personal, medical, legal, tax, accounting, investment or financial decisions.
  7. The user of the MiningSX accepts total responsibility for any agreement, understanding or relationship the user of the MiningSX enters into with any of the Contributors. Further, the user of the MiningSX understands, acknowledges and agrees that MiningSX, in no manner whatsoever, endorses the said Contributors or whatever proposal may be presented by such Contributors and that MiningSX shall not be held liable for any claims of any nature whatsoever arising or resulting from any thesis or proposal of any of the Contributors, or from any agreement, understanding, association, investment or relationship concluded, agreed, made or established between the user of the MiningSX and any of the Contributors, of any type and for any reason whatsoever.
  8. The user of the MiningSX hereby confirms that it qualifies as a sophisticated, accredited or professional investor", pursuant to all applicable legislation relating to the distribution and/or sale of securities.
  9. The user of the MiningSX understands, acknowledges and agrees that it is its own responsibility to obtain independent legal, tax, financial, accounting, medical or other professional advice with respect to evaluating, agreeing, establishing and/or implementing any relationship or investment based on any of the material, information or strategies presented on the MiningSX website. Further, it is highly recommended that the user of the MiningSX take adequate time to review and evaluate whatever material or information received with whichever independent professional advisors the user of the MiningSX deems appropriate.

The user of MiningSX understands it must not rely on the information on this website as an alternative to legal advice from an attorney or other professional legal services provider. If the user of MiningSX has any specific questions about any legal matter it should consult an attorney or other professional legal services provider. The user should never delay seeking legal advice, disregard legal advice, or commence or discontinue any legal action because of information on this website.

  1. LIMITATION OF LIABILITY

The user of the MiningSX website expressly understands and agrees that MiningSX shall not be liable for any direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if MiningSX has been advised of the possibility of such damages), resulting from: (i) the use or the inability to use the Service; (ii) the cost of procurement of substitute goods and services resulting from any goods, data, information or services purchased or obtained or messages received or transactions entered into through or from the Service; (iii) unauthorized access to or alteration of transmissions or data of the user of the MiningSX website; (iv) statements or conduct of any third party on the Service; (v) any agreement, understanding or relationship the user of the MiningSX enters into with any of the Contributors or any other person or entity with whom it has been put in contact through the MiningSX website; or (vi) any other matter relating to the Service.

  1. EXCLUSIONS AND LIMITATIONS

Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the above limitations of sections 17 and 18 may not apply to the user of the MiningSX website.

  1. SPECIAL ADMONITION FOR SERVICES RELATING TO FINANCIAL MATTERS

If the user of the MiningSX website intends to create or join any service, receive or request any news, messages, alerts or other information from the Service concerning companies, stock quotes, investments or securities, it is hereby urged to read the above Sections 17 and 18 again. These Sections apply with absolute rigor to the user of the MiningSX website. In addition, for this type of information particularly, the phrase "LET THE INVESTOR BEWARE" is paramount. The Service is provided for informational purposes only, and no Content included in the Service is intended for trading or investing purposes. MiningSX and its service providers and suppliers shall not be responsible or liable for the accuracy, usefulness or availability of any information transmitted or made available via the Service, and shall not be responsible or liable for any strategy, trading or investment decisions made based on such information.

  1. NOTICE

Notices to the user of the MiningSX website may be made via either e-mail, fax or regular mail. The Service may also provide notices of changes to the TOS or other matters by displaying notices or links to notices to the user of the MiningSX website generally on the Service.

  1. TRADEMARK INFORMATION

MiningSX, the MiningSX logo, the MiningSX design, and the MiningSX stylized, trademarks and service marks, and other MiningSX logos and product and service names are trademarks of MiningSX (the "MiningSX Marks"). Without MiningSX's prior permission, the user of the MiningSX website agrees not to display or use in any manner, the MiningSX Marks.

  1. GENERAL INFORMATION

The TOS constitute the entire agreement between the user of the MiningSX website and MiningSX and govern the use of the Service by the user of the MiningSX website, superseding any prior agreements between the user of the MiningSX website and MiningSX. The user of the MiningSX website also may be subject to additional Terms and Conditions that may apply when the user of the MiningSX website uses affiliate services, third-party content or third-party software. The TOS and the relationship between the user of the MiningSX website and MiningSX shall be governed by the laws in force in the United Kingdom, without regard to its conflict of law provisions. The user of the MiningSX website and MiningSX agree to submit to the personal and exclusive jurisdiction of the courts located within the country of Great Britain. The failure of MiningSX to exercise or enforce any right or provision of the TOS, the MiningSX subscription documentation Terms and Conditions or the MiningSX Acceptable Use Policy shall not constitute a waiver of such right or provision. If any provision of the TOS, the MiningSX subscription documentation Terms and Conditions or the MiningSX Acceptable Use Policy is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavour to give effect to the parties' intentions as reflected in the provision, and the other provisions of the TOS, the MiningSX subscription documentation Terms and Conditions and the MiningSX Acceptable Use Policy remain in full force and effect. The user of the MiningSX website agrees that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the Service or the TOS, the MiningSX subscription documentation Terms and Conditions and the MiningSX Acceptable Use Policy must be filed within one (1) year after such claim or cause of action arose or be forever barred. The section titles in the TOS are for convenience only and have no legal or contractual effect.

  1. ACCEPTABLE USE

For purposes of this Acceptable Use Policy ("AUP"), a "Customer" is defined to include any organization, individual, company or other entity with which MiningSX Bonds Ltd (MiningSX) has entered into any agreement or contract for the supply of services, including through the MiningSX website. A Customer shall also be responsible for the use of the MiningSX website by any subsidiaries, affiliates, partners, Authorized Staff, suppliers, clients, or any other person gaining access to the MiningSX website in any manner whatsoever, that directly or indirectly utilize the MiningSX website provided to the Customer.

The Customer may only use the MiningSX website for lawful purposes. The use of the MiningSX website in violation of any local or international legislation or regulation is prohibited. This includes, but is not limited to, transmission of proprietary or copyright material without the consent of the owner, material legally judged to be threatening, offensive, or obscene, and third party material protected by patent, trade secret or any other type of intellectual property right, whether or not the Customer was aware of the content of the material or of the relevant law.

MiningSX will fully co-operate with investigations of suspected criminal violations and violations of systems or network security under the leadership of law enforcement authorities.

Use of any information obtained via the MiningSX website is at Customers' own risk. MiningSX is not responsible for the accuracy, quality, or content of information obtained through the MiningSX website and or services.

All MiningSX services are for end-user use only and may not be resold to third-parties without providing end-user information to MiningSX.

The Customer will indemnify and hold MiningSX harmless from any claim brought by third parties alleging that use of the MiningSX website by the Customer has infringed any applicable local or international legislation or regulation. The Customer shall defend and pay all costs, damages, awards, fees (including reasonable legal fees) and final judgments awarded against MiningSX arising from such claims. The Customer shall immediately give MiningSX written notice of any claim the Customer is involved with or aware of. Should the Customer fail to do so, MiningSX may defend such claims at the Customer's sole cost.

MiningSX will cooperate with any law enforcement authorities having jurisdiction to discourage and resist abuses of acceptable use policies. MiningSX reserves the right to take corrective action upon notification to MiningSX of unacceptable use by the Customer. MiningSX reserves the right, at its discretion and without notice, to remove any material or data and to block the use of the network for one or more users.

The Customer may not circumvent user authentication or security of any host, network, or account (referred to as "cracking" or "hacking"), reverse engineer, decompile, deconstruct any programming, nor interfere with service to any user, host, or network (referred to as "denial of service attacks").

The Customer is forbidden to send e-mail to any person who does not wish to receive it. It is explicitly prohibited to send unsolicited bulk mail messages ("junk mail" or "spam") of any kind (commercial advertising, financial and investment promotions, political tracts, announcements, etc.) or to post the same or similar messages to large numbers of newsgroups (excessive cross-posting or multiple-posting, also known as "USENET spam"). A Customer caught spamming on the MiningSX, or who persist in the mass distribution of unsolicited e-mail messages, will be dealt with immediately in accordance with this AUP.

The MiningSX website may be used by the Customer to link into other networks worldwide and the Customer agrees to conform to the acceptable use policies of these networks. The Customer agrees, through its own operations, not to cause disturbances, outages or other problems which may affect MiningSX's network or network based equipment, or which may adversely affect MiningSX's ability to provide services.

MiningSX reserves the right to prohibit activities that violate this AUP or may damage its reputation.

MiningSX will generally not monitor private electronic mail messages sent or received by its Customers but may conduct reasonable investigation of a Customer (i) if required by law or (ii) upon reasonable suspicion of a violation of this AUP to determine if there has been a violation or (iii) when public safety may require it. MiningSX may at all time monitor usage of the MiningSX website electronically to determine if it is operating satisfactorily.

MiningSX may disclose its Customers' information or information transmitted by means of its facilities (i) to comply with legal requirements or (ii) where necessary to protect MiningSX and others from harm or (iii) where such disclosure is necessary to the proper operation of the MiningSX website.

The Customer acknowledges that MiningSX is unable to exercise control over the content of information passing through its facilities or carried as a result of supplying the MiningSX website and is therefore not responsible for that content.

MiningSX reserves the right, at its discretion and without notice, to automatically filter, disconnect and/or deny access to any Customer who violates this policy. This remedy shall also be applied when the Customer has engaged in any of the foregoing activities by using the service of another provider and, channelling such activities through an MiningSX account, re-mailer, or otherwise through the MiningSX website, or using an MiningSX account as a mail drop for responses or otherwise using the services of another provider for the purpose of facilitating the foregoing activities, if such use of another party's service could reasonably be expected to adversely affect the MiningSX website. MiningSX reserves the right, where feasible, to implement technical mechanisms which block multiple postings as described above before they are forwarded or otherwise sent to their intended recipients.

Violation of this AUP (direct or indirect, including by a third party) entitles MiningSX to remove immediately the offending material, establish immediate or temporary filtering, deny access, suspend or terminate one or more subscriptions to the MiningSX website, or take any other appropriate action, as determined by MiningSX in its sole discretion, in addition to any remedies provided by any agreement to provide access to the MiningSX website. MiningSX may give notice of violations but MiningSX reserves the right to act without notice when necessary, as determined by MiningSX in its sole discretion. Nothing in this AUP is to be construed to limit MiningSX's actions or remedies in any way with respect to any of the foregoing activities, and MiningSX reserves the right to take any additional actions it may deem appropriate with respect to such activities, including without limitation, taking action to recover the cost of identifying offenders and terminating their access to the MiningSX website, and charging to cover MiningSX's costs in the event of such termination of access or like situation. MiningSX may co-operate with other service providers to discourage and resist abuses of acceptable use policies. MiningSX reserves the right to take corrective action upon notification to MiningSX of unacceptable use on other networks. The MiningSX website may be linked to other networks world-wide and the Customer agrees to conform to the acceptable use policies of these networks. The Customer agrees, through its operations, not to cause disturbances, outages or other problems which may affect MiningSX's or any other network or network based equipment, or which may adversely affect MiningSX's ability to provide access to the MiningSX website.

Nothing contained in this AUP shall be construed to limit MiningSX's actions or remedies in any way with respect to any of the foregoing activities, and MiningSX reserves the right to take any and all additional actions it may deem appropriate with respect to such activities, including without limitation, taking action to recover the costs and expenses of identifying offenders and removing them from the MiningSX website, and levying cancellation charges to cover MiningSX's costs in the event of disconnection of dedicated access for the causes outlined above. In addition, MiningSX reserves at all times all rights and remedies available to it with respect to such activities at law or in equity.

Customer will indemnify and hold MiningSX harmless from any claim brought by third parties relating to the Customer's use of the MiningSX website. The Customer must defend and pay all damages and costs (including legal fees) arising from such claims. The Customer must immediately notify MiningSX of any claim or potential claim, within the Customer's knowledge, involving the Customer related to the MiningSX website. Failure to do so gives MiningSX the right to defend such claims at Customer's sole cost and expense.

MiningSX is committed to providing quality service to all of its Customers. While the AUP may appear harsh, MiningSX believes it is necessary to ensure that it is able to provide professional, efficient, stable service within an environment of security and trust which its Customers may require and come to expect from an organization such as MiningSX.

This AUP is subject to change. Please contact us with any questions regarding the policy or to report a breach of AUP.

OUR PRIVACY POLICY

MiningSX Limited ("We") are committed to protecting and respecting your privacy.

This policy (together with our Terms and Conditions sets out the basis on which any personal data we collect from you, or that you provide to us, will be processed by us. Please read the following carefully as this privacy policy explains what happens to any personal data that you provide to us, or that we collect from you whilst you visit our site.

We do update this policy from time to time so please do review this policy regularly.

Information we collect

We may collect and process the following data about you:

IP Addresses

We may collect information about your computer, including where available your IP address, operating system and browser type, for system administration and to report aggregate information to our advertisers. This is statistical data about our users' browsing actions and patterns, and does not identify any individual.

Cookies

Our website uses cookies to distinguish you from other users of our website. This helps us to provide you with a good experience when you browse our website and also allows us to improve our site.  Certain areas of the website such as member areas are not accessible if cookies are disabled.

Storing Your Personal Data

In operating our website, it may become necessary to transfer data that we collect from you to locations outside of the European Union for processing and storing. By providing your personal data to us, you agree to this transfer, storing or processing. We do our upmost to ensure that all reasonable steps are taken to make sure that your data is treated stored securely.

Unfortunately, the sending of information via the internet is not totally secure and on occasion such information can be intercepted. We cannot guarantee the security of data that you choose to send us electronically, sending such information is entirely at your own risk.

Uses made of the information

We use information held about you in the following ways:

Disclosure of your information

We may disclose your personal information to any member of our group, which means our subsidiaries, our ultimate holding company and its subsidiaries, as defined in section 1159 of the UK Companies Act 2006.

We may disclose your personal information to third parties.

In the event that we sell or buy any business or assets, in which case we may disclose your personal data to the prospective seller or buyer of such business or assets.
 

If MiningSX Limited or substantially all of its assets are acquired by a third party, in which case personal data held by it about its customers will be one of the transferred assets.

If we are under a duty to disclose or share your personal data in order to comply with any legal obligation, or in order to enforce or apply our terms of use or to protect the rights, property, or safety of our customers, or others. This includes exchanging information with other companies and organisations for the purposes of fraud protection and credit risk reduction.

Your rights

You have the right to ask us not to process your personal data for marketing purposes. We will usually inform you (before collecting your data) if we intend to use your data for such purposes or if we intend to disclose your information to any third party for such purposes. You can exercise your right to prevent such processing by checking certain boxes on the forms we use to collect your data.

Our site may, from time to time, contain links to and from the websites of our partner networks, advertisers and affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

Access to information

The Data Protection Act 1998 Act (the “Act”) gives you the right to access information held about you. Your right of access can be exercised in accordance with the Act. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

Changes to our privacy policy

Any changes we may make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

Contacting Us

Please do not hesitate to contact us regarding any matter relating to this privacy policy.

MiningSX - Regulated Disclaimer

MiningSX (“MSX”) allows securities to be listed via The Startup Stock Exchange ("SSX”), under a Joint Venture Agreement (“JV”) between the parties. SSX provides securities exchange related services, such as Brokerage and Listing Advisory, enabling the owners of startups and small businesses to attract qualified global investors to buy shares of their companies on a public stock exchange, the Dutch Caribbean Securities Exchange N.V. ("DCSX"), thereby providing access to a regulated and transparent marketplace for all participants.

SSX Advisors Corp is a licensed Listing Advisor and SSX Brokers NV is a licensed broker, of the Dutch Caribbean Securities Exchange N.V. The DCSX is a self-regulating securities exchange, located on Curacao, licensed by the Ministry of Finance and supervised by the Central Bank of Curacao and St. Maarten.

Investing in startups involves very high risks and it should be done only as part of a diversified investment portfolio. MSX is targeted solely at investors and companies who are sophisticated enough to understand the high risks of startup investments and make their own decisions.

MSX has both a quotation service and a listing service. If a company is denoted as ‘Quoted” it means the data presented is for information purposes only. It does not host a listing on the platform and has not been approved by our external listing committee. In some cases the quoted companies may be listed on another recognised stock exchanges globally and in this case it will be made apparent.

MSX hosts companies conducting an IPO and also shows companies under review. We have no restrictions on contacting these companies as a result of information found on our site and in such a case no liability for any resulting transaction will be the responsibility of MSX.

MSX has acquired IP to internally conduct AML (Anti Money Laundering) and KYC (Know Your Client) procedures fully vetted and approved by our regulating Central Bank. This activity must be overseen and approved in each case by an authorised AML officer.

MiningSX Limited is a UK registered Limited Liability company. It does not have any regulation inside the UK as it provides services outside the Financial Services Act. MSX is a FinTech solution for a sector based Stock Exchange regulated by its partners via the DCSX. The MSX platform is a fully automated trading system complete with company on-boarding systems, electronic trade matching, clearance and settlement as well as Investor and researcher portals.

MSX collects huge quantities of raw and unique data within the medical marijuana sector. It uses this inside smart algorithms to provide key and vital data to all parties in a fully transparent structure. All data is obtained from reliable and independent sources.

All trading conducted on MSX will be via SSX Brokers NV. A brokerage account with SSX is required in order to trade. Applications to open accounts will be available in Q4 2017.