Hive warrants to list on TSX-V Jan. 14
2022-01-12 21:10 ET - News Release
Mr. Frank Holmes reports
HIVE BLOCKCHAIN ANNOUNCES SUPPLEMENTAL LISTING OF WARRANTS
The TSX Venture Exchange has accepted for listing common share purchase warrants of Hive Blockchain Technologies Ltd. composing the units underlying the 19,170,500 special warrants issued by the company pursuant to the terms of the bought deal private placement announced on Nov. 9, 2021. For more information about the Offering, please see the Company's news release announcing the Offering dated November 9, 2021, and the news release announcing the closing of the Offering dated November 30, 2021, which are available under the Company's SEDAR profile at www.sedar.com. The TSXV has advised that the Warrants will be listed for trading on the TSXV under the symbol "HIVE.WT" effective at market open on January 14, 2022.
Each Special Warrant entitles the holder thereof to receive, subject to adjustment in certain circumstances, without payment of additional consideration, one (1) Unit upon the exercise or deemed exercise of each Special Warrant. Each Special Warrant was deemed to be exercised as of January 11, 2022. Each Unit consists of one (1) common share of the Company and one-half (0.5) of one Warrant. Each Warrant entitles the holder thereof to purchase one common share of the Company (a "Warrant Share") at a price of $6.00 per Warrant Share until May 30, 2024.
The Warrants and the Special Warrants are governed by a warrant indenture between the Company and TSX Trust Company dated November 30, 2021, a copy of which is available under the Company's SEDAR profile at www.sedar.com.
About Hive Blockchain Technologies Ltd.
Hive Blockchain Technologies Ltd. went public in 2017 as the first cryptocurrency mining company with a green energy and ESG strategy.
Hive is a growth-oriented technology stock in the emergent blockchain industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and blockchain sector and traditional capital markets. Hive owns state-of-the-art, green energy-powered data centre facilities in Canada, Sweden, and Iceland, where we source only green energy to mine on the cloud and HODL both Ethereum and Bitcoin. Since the beginning of 2021, Hive has held in secure storage the majority of its ETH and BTC coin mining rewards. Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of cryptocurrencies such as ETH and BTC. Because Hive also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space.
We seek Safe Harbor.
© 2022 Canjex Publishing Ltd. All rights reserved. |
