Mr. Mark Binns reports
BIGG DIGITAL ASSETS INC. PROVIDES AN UPDATE TO THE ACQUISITION OF TERRAZERO TECHNOLOGIES INC.
TerraZero Technologies Inc. has received the requisite approval from its shareholders of a special resolution to approve the previously announced amalgamation between TerraZero and a subsidiary of Bigg Digital Assets Inc., which will result in Bigg Digital acquiring all of the issued and outstanding common shares and preferred shares of TerraZero (not including TZ shares held by the company). For more information regarding the terms of the transaction, please see the company's news release dated Aug. 25, 2023.
The special resolution was approved at a special meeting of the holders of TZ shares held at 10 a.m. on Sept. 21, 2023. At the meeting:
- A total of 47,850,539 or 100 per cent of the votes cast at the meeting by holders of TZ shares present or represented by proxy were cast in favour of the special resolution.
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A total of 42,950,539 or 100 per cent of the votes cast at the meeting by holders of TZ common shares were cast in favour of the special resolution.
- A total of 4.9 million or 100 per cent of the votes cast at the meeting by holders of TZ preferred shares were cast in favour of the special resolution.
The company expects to complete the transaction on Sept. 28, 2023.
About Bigg Digital Assets Inc.
Bigg Digital believes the future of crypto is a safe, compliant and regulated environment. Bigg Digital invests in products and companies to support this vision. Bigg Digital has three portfolio companies: Netcoins, Blockchain Intelligence Group and TerraZero.
Blockchain Intelligence Group builds technology to power compliance and intelligence for the crypto future. Banks and crypto companies depend on the company's technology to monitor risk from crypto transactions. Investigators and law enforcement quickly identify and track illicit activity. Blockchain Intelligence Group is trusted globally by banks, crypto companies, law enforcement, fintechs, regtechs and governments.
Netcoins offers safe and secure crypto trading in Canada and the United States, with a mission to make crypto easy. Netcoins has a robust product offering with Crypto Trading (United States and Canada), Netcoins Pay (Canada) and Netcoins Staking (Canada). Netcoins facilitates crypto trading through its cutting-edge mobile and Web applications.
TerraZero is a vertically integrated metaverse development group and leading Web3 technology company, specializing in helping brands create immersive experiences. TerraZero's metaverse-agnostic vision is to develop and implement products and services with scalable commercial applications to flourish engagement across gamified experiences where enterprise-level businesses, metaverse platforms and Web3 creators can seamlessly bridge and actionably expand their virtual world and the physical world endeavours together as one. TerraZero owns digital real estate for brands to establish presence in existing virtual worlds and can also offer brands their own private worlds to provide offices and services to those interested in the metaverse. Furthermore, TerraZero acquires, designs, builds and operates virtual assets and solutions to monetize the metaverse ecosystem. TerraZero's businesses are segmented into five divisions which include: (1) immersive experience creation in existing or private virtual worlds; (2) advertising; (3) data analytics; (4) events and marketing; and (5) development of the intraverse. TerraZero aims to support the community, foster innovation and drive adoption.
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