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Hashchain Technology Inc
Symbol KASH
Shares Issued 261,222,157
Close 2020-02-05 C$ 0.015
Recent Sedar Documents

Hashchain Technology reverse takeover

2020-02-18 16:48 ET - Major Transaction Completed

The TSX Venture Exchange has accepted for filing Digihost Technology Inc.'s reverse takeover, which includes the following transactions.

Pursuant to the share exchange agreement dated March 28, 2019, between Hashchain Technology Inc., and Bit.Management LLC, Bit Mining International LLC and NYAM LLC, Hashchain has acquired all of the issued and outstanding shares of Digihost International Inc. for 33,543,100 subordinate voting shares (as defined below) and 10,000 proportionate voting shares convertible into two million subordinate voting shares.

Digihost International completed a concurrent non-brokered private placement of 5,481,912 subscription receipts at 96 cents per share and 110,575 subscription receipt units at $1.20 per unit for gross proceeds of $5,395,325.52. Each subscription receipt converted into a common share of Digihost International and each subscription receipt unit converted into a unit of Digihost International consisting of a common share of Digihost International and one share purchase warrant with an exercise price of $1.75 per share. The Digihost International common shares and warrants were exchanged for common shares and warrants of the company.

The transaction was passed by the shareholders of Hashchain at a special meeting that was held on Jan. 14, 2020.

For additional information, refer to the company's information circular dated Nov. 29, 2019, which is filed on SEDAR.

Effective at the opening on Thursday, Feb. 20, 2020, the trading symbol for Hashchain (renamed to Digihost Technology) will change from KASH to DGHI.

Effective at the opening on Thursday, Feb. 20, 2020, the company's subordinated voting shares will begin trading under its new ticker symbol, DGHI.

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