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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 CEO Amar now has 32.3% stake

2020-02-19 21:02 ET - News Release

Mr. Alec Amar reports

MICHEL AMAR REPORTS EQUITY INTEREST IN DIGIHOST TECHNOLOGY INC.

This press release is being disseminated as required by National Instrument 62-103 -- The Early Warning System and Related Take Over Bids and Insider Reporting Issues, with respect to the filing of an early warning report by Michel Amar in connection with the completion of the reverse takeover transaction between Digihost International Inc. and Hashchain Technology Inc., as described in Digihost's press release of Feb. 14, 2020.

Prior to the RTO transaction, Mr. Amar owned nil proportionate voting shares of the company (PV shares). Upon completion of the RTO transaction, Mr. Amar has ownership, control and direction, through his holding companies, over 10,000 PV shares, representing 100 per cent of the outstanding and issued PV shares on both a non-diluted and partially diluted basis.

As at the date of his last early warning report filed on April 1, 2019, and prior to the RTO transaction, Mr. Amar had ownership, control and direction, through his holding companies, assuming completion of the RTO transaction, of 13,324,954 subordinate voting shares of the company (SV shares), representing 36.9 per cent of the then-issued-and-outstanding shares of the class on both a non-diluted and partially diluted basis. Upon completion of the RTO transaction, Mr. Amar has ownership, control and direction, through his holding companies, of 12,955,716 SV shares, representing 32.3 per cent of the issued and outstanding shares of the class on a non-diluted basis, and 32.8 per cent of the issued and outstanding shares of the class on a partially diluted basis

The PV shares and SV shares were acquired for investment purposes. Mr. Amar will review his holdings from time to time, and may increase or decrease his position as future circumstances may dictate.

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