BitRush Announces Closing of the Transaction with MezzaCap
Toronto, Ontario (FSCwire) - BitRush Corp. (the “Corporation”) is pleased to announce the closing of the transaction (“Transaction”) with MezzaCap GmbH (“MezzaCap”)
The Corporation will issue 83,287,265 post-consolidated Common Shares to MezzaCap Investments Ltd. (“MezzaCap Investments”), the successor company of MobileUp GmbH, in consideration for 100% of the issued and outstanding Common Shares of MezzaCap, a privately owned payment service provider. MezzaCap Investments will own 69.2% of the issued and outstanding shares of BitRush Corp. (62.6% on a fully diluted basis) taking into account the shares issued for the Offering and a 6% finder’s fee payable in Common Shares of the Corporation.
In conjunction with the Transaction a Private Placement of $ $721,490.60 will be concluded tomorrow.
Mr. Peter Lukesch, the Chief Executive Officer of the Corporation commented: “We are extremely delighted to be in the position to be part of a new social phenomenon which is focused on digital assets and transactions in the financial technology sector. The internet, in conjunction with the recently developed block chain technologies and our own proprietary Bitcore technology, will position our company as the market leader in the fast growing industry in the not too distant future.”
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Peter Lukesch, Director, Chief Executive Officer BitRush Corp. |
Werner Boehm Vice President – Business Development BitRush Corp. |
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T: (416) 603-2114 |
T: (416) 603-2114 |
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E: office@bitrush.co |
E: office@bitrush.co |
FORWARD LOOKING INFORMATION
This press release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information contained or referred to in this press release includes, but may not be limited to the proposed financing and the intended use of proceeds in connection therewith, the Corporation’s change of focus and plans following the completion of the Transaction.
Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the inability to complete the financing , the inability to identify appropriate companies to acquire or to enter into joint ventures with strategic partners.
The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of the Corporation based on information currently available to the Corporation. In connection with the forward-looking information contained in this press release, the Corporation has made assumptions about: The Corporation’s business, MezzaCap’s business, the economy and the cryptocurrency industry in general and the Corporation’s ability to complete the intended financing. Although the Corporation believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, The Corporation disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/bitrush09082015.pdf
Source: BitRush Corp. (CSE:ARP)
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