Business
HashChain Technology Inc. Advises of Retraction of June 2019 Investor Presentation and Provides Update on Proposed Reverse Takeover Transaction with Digihost International, Inc.
(via TheNewswire) Vancouver, BC - TheNewswire - July 24, 2019 - HashChain Technology ...
About this update from Intellabridge Technology Corp.
[{"type":"text","content":"HashChain Technology Inc. Advises of Retraction of June 2019 Investor Presentation and Provides Update on Proposed Reverse Takeover Transaction with Digihost International, Inc.(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - July 24, 2019 - HashChain Technology Inc. (\"HashChain\" or the \"Company\") (TSXV:KASH) (OTC:HSSHF) provides notice of a complete retraction of an investor presentation relating to the Company prepared for Digihost International, Inc. (\"Digihost\") and provides an update with respect to its previously announced reverse takeover transaction (the \"Proposed Transaction\") with Digihost.\n\n\n \nRetraction of Digihost Investor Presentation\n\n\n \nIt has come to the attention of the Company that an inaccurate working draft of a June 2019 investor relations presentation which was being prepared for Digihost in connection with the Proposed Transaction (the \"June 2019 Investor Presentation\") was distributed by an agent of Digihost (the \"Agent\") without the approval of the Company or Digihost. The June 2019 Investor Presentation is retracted in its entirety. \n\n\n \nThe Company wishes to clarify that neither the Company nor Digihost prepared or authorized the distribution of the information included in the June 2019 Investor Presentation and that Digihost terminated its relationship with the Agent effective June 26, 2019. The Company cautions investors that the June 2019 Investor Presentation contains inaccuracies about the Company, Digihost and the Proposed Transaction. Accordingly, the information and statements contained in the June 2019 Investor Presentation, which may continue to be found in the public domain, should not be relied upon. Digihost has agreed, and will advise any agents engaged by it, that any future investor presentations regarding HashChain are to be reviewed and approved by HashChain prior to dissemination.\n\n\n \nUpdate on Proposed Transaction\n\n\n \nAs last disclosed in the press release of the Company dated June 11, 2019, the Company has entered into an agreement with shareholders of Digihost, pursuant to which the assets of HashChain and Digihost will be combined by way of a share exchange between HashChain and shareholders of Digihost. The Proposed Transaction will constitute a \"reverse-takeover\" of HashChain by Digihost under the policies of the TSX Venture Exchange (th...