Mr. Karsten Arend reports
BITRUSH CORP. PROVIDES CORPORATE UPDATE
The special committee of the board of directors of Bitrush Corp. is providing the following update to shareholders.
Further to previous updates regarding the special committee's efforts to protect the business and operations of Bitrush, an order was made at the Commercial Court today in Toronto against Werner Boehm, the former chief executive officer of Bitrush, to:
- Deliver or cause to be delivered the corporate assets and property of Bitrush and its subsidiaries that continue to be within his possession or control;
- Cease dealing with Bitrush's assets, communicating with Bitrush's customers, or holding himself out as an officer or director of Bitrush or its subsidiaries.
The application has been rescheduled for April 21, 2017, to provide the respondents additional time to respond to the application record filed by the company.
The company would also like to remind shareholders of its new official website.
In the meantime, the company's securities remain subject to the cease-trade order imposed by the Ontario Securities Commission on Dec. 2, 2016 (see news release dated Dec. 2, 2016).
We seek Safe Harbor.
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