Get inside Wall Road with StreetInsider Premium. Declare your 1-week free trial here.
This information launch constitutes a “designated information launch” for the needs of the Firm’s prospectus complement dated February 2, 2021 to its brief type base shelf prospectus dated January 27, 2021.
VANCOUVER, BC / ACCESSWIRE / August 4, 2021 / HIVE Blockchain Applied sciences Ltd. (TSXV:HIVE)(NASDAQ: HVBT)(FSE:HBF) (the “Firm” or “HIVE“) pronounces that it has, as requested by HIVE administration, been granted a administration stop commerce order (the “MCTO“) by the British Columbia Securities Fee (the “BCSC“). Which means throughout the MCTO the inventory will stay buying and selling whereas administration works diligently to finish the audit of its annual monetary statements. The administrators and administration, together with the CEO and CFO, of HIVE will be unable to commerce shares throughout this era. As beforehand introduced on July 29, 2021 the appliance for the MCTO was made because of a delay within the preparation and submitting of its monetary statements and accompanying administration’s dialogue and evaluation for the monetary yr ended March 31, 2021 (collectively, the “Annual Filings”).
About HIVE Blockchain Applied sciences Ltd.
HIVE Blockchain Applied sciences Ltd. went public in 2017 as the primary cryptocurrency mining firm with a inexperienced vitality and ESG technique.
HIVE is a growth-oriented know-how inventory within the emergent blockchain business. As an organization whose shares commerce on a serious inventory alternate, we’re constructing a bridge between the digital forex and blockchain sector and conventional capital markets. HIVE owns state-of-the-art, inexperienced energy-powered knowledge centre amenities in Canada, Sweden, and Iceland, the place we supply solely inexperienced vitality to mine on the cloud and HODL each Ethereum and Bitcoin. For the reason that starting of 2021, HIVE has held in safe storage nearly all of its ETH and BTC coin mining rewards. Our shares present traders with publicity to the working margins of digital forex mining, in addition to a portfolio of cryptocurrencies similar to ETH and BTC. As a result of HIVE additionally owns laborious belongings similar to knowledge facilities and superior multi-use servers, we imagine our shares provide traders a pretty method to acquire publicity to the cryptocurrency house. HIVE traded over 2 billion shares in 2020.
We encourage you to go to HIVE’s YouTube channel here to study extra about HIVE.
On Behalf of HIVE Blockchain Applied sciences Ltd.
For additional info please contact:
Tel: (604) 664-1078
Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this information launch
Aside from the statements of historic truth, this information launch accommodates “forward-looking info” throughout the that means of the relevant Canadian securities laws that’s primarily based on expectations, estimates and projections as on the date of this information launch. “Ahead-looking info” on this information launch consists of, however isn’t restricted to, statements concerning the timing, assessment, completion and submitting of the Annual Filings, and length of the MCTO; enterprise objectives and goals of the Firm, and different forward-looking info regarding the intentions, plans and future actions of the events to the transactions described herein and the phrases thereon.
Elements that might trigger precise outcomes to vary materially from these described in such forward-looking info embody, however are usually not restricted to, the Firm could not full its audit and file the Annual Filings as at present anticipated, or in any respect; the Firm will probably be topic to a common stop commerce order within the occasion that the Annual Filings are usually not accomplished and filed; and different associated dangers as extra absolutely set out within the registration assertion of the Firm and different paperwork disclosed beneath the Firm’s filings at www.sec.gov/EDGAR and www.sedar.com.
The forward-looking info on this information launch displays the present expectations, assumptions and/or beliefs of the Firm primarily based on info at present obtainable to the Firm. In reference to the forward-looking info contained on this information launch, the Firm has made assumptions concerning the Firm’s potential to finish and file the Annual Filings. The Firm has additionally assumed that no important occasions happen outdoors of the Firm’s regular course of enterprise. Though the Firm believes that the assumptions inherent within the forward-looking info are cheap, forward-looking info isn’t a assure of future efficiency and accordingly undue reliance shouldn’t be placed on such info as a result of inherent uncertainty therein.
SOURCE: HIVE Blockchain Applied sciences Ltd.
View supply model on accesswire.com: