ZUG, Switzerland and VANCOUVER, March 14, 2018 /CNW/ - HIVE Blockchain Technologies Ltd. (TSX.V:HIVE) (OTC:HVBTF) (the "Company" or "HIVE") is pleased to announce that it has applied for listing of an aggregate of 48,830,150 common share purchase warrants (the "Warrants") on the TSX Venture Exchange ("TSXV") as a supplemental listing. The Warrants were issued pursuant to private placements of the Company that closed on November 14, 2017, December 18, 2017 and December 29, 2017.
Subject to TSXV approval, the Warrants will commence trading on the TSXV under the symbol "HIVE.WT" concurrently with the expiry of each applicable four month and a day hold period attached to such Warrants. 12,322,250 of the Warrants are expected to be listed on March 15, 2018, 15,873,100 of the Warrants on April 19, 2018 and the remaining 20,634,800 Warrants on April 30, 2018.
Each Warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of C$3.90 until November 14, 2019. The Warrants were issued pursuant to, and are governed by, a warrant indenture between the Company and Computershare Trust Company of Canada dated November 14, 2017, as supplemented by the first supplemental warrant indenture dated December 18, 2017.
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE is strategically partnered with Genesis Mining Ltd. to build the next generation of blockchain infrastructure. HIVE owns state-of-the-art GPU-based digital currency mining facilities in Iceland and Sweden, which produce newly minted digital currencies like Ethereum continuously, and provides shareholders with exposure to the operating margins of digital currency mining as well as a growing portfolio of crypto-coins.
On Behalf Of HIVE Blockchain Technologies Ltd.
President, CEO and Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release include, but are not limited to, the anticipated listing dates of the Warrants. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, the acceptance by the TSXV of the listing of the Warrants and other risks as more fully set out in the Filing Statement of the Company dated September 13, 2017.
The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's ability to continue to list its common shares on the TSXV and to qualify to list the Warrants as a supplemental listing on the TSXV. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.
SOURCE HIVE Blockchain Technologies Ltd.
For further information: Harry Pokrandt, Tel: (604) 664-1078