Santo Mining Corp (OTC:$SANP) has finalized its deal with Chongqing Yuhuan Technology Co., Ltd. – one of China’s largest cryptocurrency mining companies also known as Canoe Pool. Under this exclusive licensing agreement, Canoe Pool will provide technical and developmental support to develop the bitcoin currency mining pool platform for Santo Mining. The market has been reacting favorably to SANP closing this deal with a jolt upward in the price of 8%.

CEO of the company, Mr. Frank Yglesias stated: “We will be building a new company focused on cryptocurrency mining and cryptocurrency transactions. This is just the tip of the iceberg, and during the weeks and months to come there will be many new changes and developments for Santo Mining.”

Santo Mining Corp. is a publically traded company in the Over-the-Counter market. It currently trades under the ticker symbol SANP. From 2012 to 2015 SANP was an analog mining company in Latin America focusing on gold mining. In April of 2015, it merged with Cathay Cigars of Asia an online bespoke cigar company focusing in the China cigar market, in February of 2017, the company started developing grow pod using remanufacture shipping containers. The company presently focuses exclusively in Digital mining of cryptocurrencies.”

Santo Mining Corp operates three subsidiaries: Cathay Cigars of Asia Corporation, Cathay Wines & Spirits of Asia and Cathay Entertainment Services of Asia.

Now commanding a market cap of $4.02M, Santo Mining Corp. is solidifying its position as a strong small caps stock. As of March 31st, the company showed $0.2 million in assets and only approximately $49,000 in total liabilities.

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