Strategic Acquisitions, Inc. Appoints Jonathan Braun to Serve on the Board of Directors
October 17, 2017 at 01:54 am IST
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On October 16, 2017, the Board of Directors of Strategic Acquisitions, Inc. unanimously approved a new Board member. The Board has identified Jonathan Braun to serve on the Board of Directors. Mr. Braun is President of NextCoal International, Inc., a shareholder that owns approximately 35% of the Corporation's issued and outstanding shares, and plans to acquire additional ownership in the Corporation. The Board nominated and approved Jonathan Braun to serve as a Director. Jonathan Braun accepted the nomination and position as Director. He will serve on the Board, until his successor shall be appointed and shall qualify or until the earlier of his resignation or removal in the manner provided for in the By-laws of the Corporation.
Strategic Acquisitions, Inc., through its subsidiary, Exworth Union Inc (Union), is engaged in providing loans collateralized by digital assets. The Company originates United States (US) dollar-denominated loans and offers loans to both individual and business borrowers who own digital assets and desire to borrow against such digital assets rather than selling them. Borrowers that receive loans from the Company are required to transfer a specified value of digital assets to the Company to be held as collateral and security for the repayment of the loans. Upon maturity and repayment of a borrowerâs loan, the digital asset collateral is returned to the borrower. The Company also provides loan administration services to borrowers and lenders. The Company offers processing loan payments, forwarding information to counterparties, responding to inquiries, keeping loan profile records, preparing loan statements, and managing bank accounts and collateral accounts.
STRATEGIC ACQUISITIONS, INC. 
