Effective at the open on Wednesday, Dec. 11, 2019, the shares of the company will resume trading, an announcement having been made by the company on Monday, Dec. 9, 2019. The company has been halted since March 28, 2019, when it was announced that the company had entered into an agreement with Digihost International Inc. to effect a reverse takeover transaction. The reverse takeover transaction is conditional on, among other things, a shareholder vote to be held at a meeting on Jan. 14, 2020.
This resumption of trading does not constitute acceptance of the reverse takeover and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. The company is required to submit all of the required initial documentation relating to the reverse takeover within 75 days of the issuance of the news release. If this documentation is not provided or is insufficient, a trading halt may be reimposed.
Completion of the transaction is subject to a number of conditions, including, but not limited to, exchange acceptance and shareholder approval. There is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance. Should this occur, a trading halt may be reimposed.
For additional information, refer to the company's news releases dated March 28, 2019, April 26, 2019, June 7, 2019, July 29, 2019, Sept. 11, 2019, Nov. 29, 2019, and Dec. 9, 2019.
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