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 at present 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 will likely be legitimate for a 25-month interval, throughout which era the Firm might situation frequent shares, warrants, subscription receipts, models, 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 normal company and dealing capital necessities, funding ongoing operations, to repay indebtedness excellent sometimes, to finish future acquisitions, or for different company functions. Every Prospectus Complement will comprise particular info regarding the usage of proceeds from that sale of Securities. There isn’t a certainty that any Securities will likely be provided or bought underneath the Shelf Prospectus inside the 25-month interval.
HIVE additionally pronounces 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 getting ready to file the Firm’s Shelf Prospectus, and solely have an effect on prior yr comparative figures.
This information launch doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase securities in the USA or in any jurisdiction the place the provide, sale or solicitation can be illegal. The Securities referred to on this information launch will not be provided or bought in the USA absent registration or an relevant exemption from registration.
A duplicate of the ultimate base shelf prospectus could 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 progress 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 knowledge centre amenities in Canada, Sweden, and Iceland which produce newly minted digital currencies like Bitcoin and Ethereum repeatedly on the cloud. Our deployments present shareholders with publicity to the working margins of digital forex mining in addition to a portfolio of crypto-coins.
On Behalf of HIVE Blockchain Applied sciences Ltd.
Interim Government Chairman
For additional info please contact:
Tel: (604) 664-1078
Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this information launch.
This press launch accommodates “forward-looking info” and “forward-looking statements” (collectively, “forward-looking info”) inside the that means of relevant securities legal guidelines, together with statements concerning the Shelf Prospectus. In some instances, forward-looking info could be recognized by way of forward-looking terminology equivalent to “plans”, “targets”, “expects”, “is anticipated”, “a chance exists”, “price range”, “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 “might”, “might”, “would”, “would possibly” or, “will”, “happen” or “be achieved”, and comparable phrases or the destructive of those phrases and comparable terminology. As well as, any statements that consult with expectations, intentions, projections or different characterizations of future occasions or circumstances comprise forward-looking info. Statements containing forward-looking info aren’t historic details however as an alternative symbolize administration’s expectations, estimates and projections concerning future occasions or circumstances.
This forward-looking info is predicated on the Firm’s opinions, estimates and assumptions that, whereas thought-about by the Firm to be applicable and affordable as of the date of this press launch, are topic to recognized and unknown dangers, uncertainties, assumptions and different elements which will trigger the precise outcomes, degree of exercise, efficiency or achievements to be materially completely different from these expressed or implied by such forward-looking info, 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 elements mentioned in larger element underneath the “Threat Components” part within the Firm’s preliminary base shelf prospectus and its annual info kind, each of which can be found underneath the Firm’s profile on SEDAR at www.sedar.com, and ought to be thought-about rigorously by potential traders.
The forward-looking statements and knowledge on this press launch embody, 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 which may be issued and the usage of proceeds underneath the (remaining) base shelf prospectus and any prospectus complement filed in connection therewith.
This forward-looking info is predicated on affordable assumptions and estimates of administration of the Firm on the time it was made, and includes recognized and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking info. Such elements embody, amongst others: the COVID 19 disaster; the transaction described on this information launch might 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 might not meet anticipated efficiency ranges for a number of causes; the proposed transaction might not have a optimistic influence on HIVE’s revenues, or gross mining margin; the influence of latest electrical energy charges which might impair profitability and working efficiency; growth might not materialize as presently anticipated, or in any respect; working dangers attributable to social unrest; the digital forex market; the flexibility to efficiently mine digital forex; income might not improve as presently anticipated, or in any respect; it will not be attainable to profitably liquidate the present digital forex stock, or in any respect; a decline in digital forex costs might have a major destructive influence on operations; the volatility of digital forex costs; the Firm might by no means notice extra environment friendly operations, a decrease price construction, or larger flexibility in operation; dangers regarding the worldwide financial local weather; dilution; and different associated dangers as extra totally set out within the Shelf Prospectus, and different paperwork disclosed underneath the Firm’s filings at www.sedar.com. The Firm has additionally assumed that no important occasions happen exterior of the Firm’s regular course of enterprise. Though the Firm has tried to establish vital elements that might trigger precise outcomes to vary materially, there could also be different elements that trigger outcomes to not be as anticipated, estimated or supposed. There could 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 mustn’t place undue reliance on forward-looking info. The Firm undertakes no obligation to revise or replace any ahead -looking info aside from as required by legislation.
SOURCE: HIVE Blockchain Applied sciences Ltd.
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