MIRIS AS Launches Debt Sale

Investors in sustainable smart community real estate developments now have the opportunity to achieve significant savings and complete transparency, through the power of Blockchain technology.

MIRIS AS, the Norwegian-domiciled sustainable Smart Community delivery company on Thursday announced the launch of its innovative Debt Sale Program, aimed at expanding their reach into a global investor base.

The Debt Sale supports MIRIS' evolution into an integrated Smart Community delivery company leveraging innovative technologies to ecologically and ethically address the increased demand for energy and data. MIRIS will utilise the funds to roll-out a greater scope of innovation, focussing first and foremost on sustainability and innovation utilising Blockchain technology.

The Debt Sale has been designed to attract investors globally and the offering has been divided into three currency tranches to meet the individual needs of investors. In acknowledgement of their loyal Norwegian investor base, an amount of NOK150M (c.€15M) has been made available for investors in Norway. In addition, a USD15M tranche and a EUR20M tranche have also been released. All tranches return a very attractive 7 per cent rate of interest, payable monthly in arrears.

"This fundraising round will ensure that the industries of real estate and blockchain technology are intertwined in a revolutionary new approach to real estate projects. By utilising Blockchain technology, the investment process is completely transparent," said Jan Gunnar Mathisen, CEO of MIRIS. "The advancement of the MIRIS vision addition is in the spirit of our complete commitment to cutting-edge technologies to help fulfill our vision of creating sustainable lifestyles in balance and harmony with a sustainable planet."

"We are very happy to launch this fundraising round at this interesting time in the company's development," said Nicole Anderson, Chairwoman of MIRIS AS. "The tokenisation of building and financing of real estate projects affords an easier and more transparent experience for investors, providing enhanced returns due to the greater efficiencies that blockchain provides."

As part of this fundraising round, MIRIS plans to help deliver Smart Communities by building data centres in urban locations in Norway during 2019, followed by a wider roll out across the Nordic region. This will result in the MIRIS brand becoming the global leader in this type of innovation.