2021-01-27
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC / ACCESSWIRE / January 27, 2021 / HIVE Blockchain Applied sciences Ltd. (TSXV:HIVE)(FSE:HBF) (the “Firm” or “HIVE“) is happy to announce that it has filed as we speak a remaining base shelf prospectus (the “Shelf Prospectus“) with the securities regulatory authorities in every of the provinces and territories of Canada.
The Shelf Prospectus can be legitimate for a 25-month interval, throughout which period the Firm could concern frequent shares, warrants, subscription receipts, items, debt securities, and share buy contracts (the “Securities“) in quantities at costs and on phrases based mostly on market circumstances on the time of sale and set forth in an accompanying prospectus complement (“Prospectus Complement“), having an mixture providing quantity of as much as US$100 million.
Until in any other case laid out in a Prospectus Complement, the online proceeds from the sale of Securities could also be used for basic company and dealing capital necessities, funding ongoing operations, to repay indebtedness excellent infrequently, to finish future acquisitions, or for different company functions. Every Prospectus Complement will include particular data regarding the usage of proceeds from that sale of Securities. There isn’t a certainty that any Securities can be provided or bought beneath the Shelf Prospectus throughout the 25-month interval.
HIVE additionally proclaims that it has filed amended and restated interim consolidated monetary statements for the three and 6 months ended September 30, 2020 together with a corresponding restated administration dialogue and evaluation. The restatements had been made as the results of administration’s evaluate of the monetary statements in the course of the course of making ready to file the Firm’s Shelf Prospectus, and solely have an effect on prior 12 months comparative figures.
This information launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase securities in the US or in any jurisdiction the place the supply, sale or solicitation can be illegal. The Securities referred to on this information launch is probably not provided or bought in the US absent registration or an relevant exemption from registration.
A duplicate of the ultimate base shelf prospectus will be discovered on the Firm’s SEDAR profile at www.sedar.com.
About HIVE Blockchain Applied sciences Ltd.
HIVE Blockchain Applied sciences Ltd. is a development oriented, TSX.V-listed firm constructing a bridge from the blockchain sector to conventional capital markets. HIVE owns state-of-the-art inexperienced energy-powered information centre services in Canada, Sweden, and Iceland which produce newly minted digital currencies like Bitcoin and Ethereum constantly on the cloud. Our deployments present shareholders with publicity to the working margins of digital foreign money mining in addition to a portfolio of crypto-coins.
For extra data and to register to HIVE’s mailing listing, please go to www.HIVEblockchain.com. Observe @HIVEblockchain on Twitter and subscribe to HIVE’s YouTube channel.
On Behalf of HIVE Blockchain Applied sciences Ltd.
“Frank Holmes”
Interim Government Chairman
For additional data please contact:
Frank Holmes
Tel: (604) 664-1078
Neither the TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this information launch.
Ahead-Wanting Data
This press launch incorporates “forward-looking data” and “forward-looking statements” (collectively, “forward-looking data”) throughout the which means of relevant securities legal guidelines, together with statements concerning the Shelf Prospectus. In some circumstances, forward-looking data will be recognized by way of forward-looking terminology comparable to “plans”, “targets”, “expects”, “is predicted”, “a possibility exists”, “funds”, “scheduled”, “estimates”, “outlook”, “forecasts”, “projection”, “prospects”, “technique”, “intends”, “anticipates”, “believes”, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “could”, “might”, “would”, “may” or, “will”, “happen” or “be achieved”, and comparable phrases or the damaging of those phrases and comparable terminology. As well as, any statements that check with expectations, intentions, projections or different characterizations of future occasions or circumstances include forward-looking data. Statements containing forward-looking data aren’t historic info however as an alternative characterize administration’s expectations, estimates and projections concerning future occasions or circumstances.
This forward-looking data is predicated on the Firm’s opinions, estimates and assumptions that, whereas thought of by the Firm to be applicable and cheap as of the date of this press launch, are topic to recognized and unknown dangers, uncertainties, assumptions and different components which will trigger the precise outcomes, degree of exercise, efficiency or achievements to be materially totally different from these expressed or implied by such forward-looking data, together with however not restricted to, dangers associated to the providing or sale of securities pursuant to the Shelf Prospectus, the completion of the transactions contemplated on this information launch within the method anticipated and people components mentioned in higher element beneath the “Threat Elements” part within the Firm’s preliminary base shelf prospectus and its annual data kind, each of which can be found beneath the Firm’s profile on SEDAR at www.sedar.com, and ought to be thought of fastidiously by potential traders.
The forward-looking statements and knowledge on this press launch embrace, however aren’t restricted to, statements with respect to the submitting of the Shelf Prospectus and any Prospectus Complement filed in connection therewith, the potential issuance of securities of the Firm, the quantity of securities that could be issued and the usage of proceeds beneath the (remaining) base shelf prospectus and any prospectus complement filed in connection therewith.
This forward-looking data is predicated on cheap assumptions and estimates of administration of the Firm on the time it was made, and entails recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking data. Such components embrace, amongst others: the COVID 19 disaster; the transaction described on this information launch could not happen on the phrases as proposed and described herein or in any respect and, if such transaction is accomplished; the Firm’s cryptocurrency operation could not meet anticipated efficiency ranges for a number of causes; the proposed transaction could not have a constructive influence on HIVE’s revenues, or gross mining margin; the influence of recent electrical energy charges which might impair profitability and working efficiency; enlargement could not materialize as presently anticipated, or in any respect; working dangers attributable to social unrest; the digital foreign money market; the flexibility to efficiently mine digital foreign money; income could not improve as presently anticipated, or in any respect; it is probably not potential to profitably liquidate the present digital foreign money stock, or in any respect; a decline in digital foreign money costs could have a big damaging influence on operations; the volatility of digital foreign money costs; the Firm could by no means notice extra environment friendly operations, a decrease value construction, or higher flexibility in operation; dangers referring to the worldwide financial local weather; dilution; and different associated dangers as extra totally set out within the Shelf Prospectus, and different paperwork disclosed beneath the Firm’s filings at www.sedar.com. The Firm has additionally assumed that no vital occasions happen exterior of the Firm’s regular course of enterprise. Though the Firm has tried to determine necessary components that might trigger precise outcomes to vary materially, there could also be different components that trigger outcomes to not be as anticipated, estimated or supposed. There will be no assurance that such statements will show to be correct as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking data. The Firm undertakes no obligation to revise or replace any ahead -looking data apart from as required by legislation.
SOURCE: HIVE Blockchain Applied sciences Ltd.
View supply model on accesswire.com:
https://www.accesswire.com/626427/HIVE-Blockchain-Announces-Filing-of-Final-Base-Shelf-Prospectus
