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Hashchain to reschedule Oct. 25 AGM

2019-10-25 18:01 ET - News Release

Mr. Paul Ciullo reports

HASHCHAIN TECHNOLOGY INC. CANCELS AND RESCHEDULES ANNUAL AND SPECIAL MEETING

Hashchain Technology Inc. has cancelled the annual general and special meeting of shareholders to be reconvened today, which will be rescheduled. The cancellation and rescheduling will provide adequate time to amend and reissue the original management information circular dated Sept. 6, 2019, which was mailed to all shareholders as of the record date on Aug. 15, 2019. The original circular is null and void.

Notice of the date, time and location of the rescheduled meeting will be provided shortly to all shareholders, and the company will issue a new management information circular in advance of the rescheduled meeting. The new circular will be filed on SEDAR and will include amended and restated disclosure with respect to the reverse takeover transaction with Digihost International Inc.

Trading halt

Hashchain's shares are currently halted from trading and are not expected to resume trading until the TSX Venture Exchange completes its review of the proposed transaction.

Completion of the proposed transaction is subject to a number of conditions, including, but not limited to, TSX Venture Exchange acceptance and, if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the proposed transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in new circular prepared in connection with the proposed transaction, any information released or received with respect to the proposed transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Hashchain should be considered highly speculative.

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