Vancouver, BC - TheNewswire - October 15, 2019 - HashChain Technology Inc. ("HashChain" or the "Company") (TSXV:KASH); (OTC:HSSHF) announces that the annual general and special meeting (the "Meeting") of shareholders was held on October 11, 2019, and adjourned until October 25, 2019 at 10:00 a.m. (Vancouver Time). Other than the approval of the re-appointment of the Company's auditor, no business was conducted at the Meeting.
The purpose of the adjournment is to provide additional time for HashChain shareholders to review the Company's Meeting materials, including the management information circular dated September 6, 2019 (the "Circular"), as well as forthcoming supplemental disclosure to the Circular required in connection with the ongoing review of the TSX Venture Exchange (the "TSXV") of the reverse takeover transaction (the "Proposed Transaction") with Digihost International, Inc. Shareholders are encouraged to continue to submit their proxies or to attend the reconvened Meeting, which will begin at 10:00 a.m. (Vancouver Time) on October 25, 2019 at the offices of Stikeman Elliott LLP, 666 Burrard Street, Suite 1700, Vancouver, BC V6C 2X8.
The record date and location for the reconvened Meeting remain unchanged. All proxies submitted to date remain valid, including those submitted after the original deadline for the Meeting. In order for a vote by proxy to be counted at the reconvened Meeting, a proxy must be submitted before 10:00 a.m. (Vancouver Time) on Wednesday, October 23, 2019 to Computershare Investor Services Inc.
HashChain's shares are currently halted from trading and are not expected to resume trading until the TSXV completes its review of the Proposed Transaction.
Completion of the Proposed Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Proposed Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in Circular prepared in connection with the Proposed Transaction, any information released or received with respect to the Proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of HashChain should be considered highly speculative.
The TSXV has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this news release.
For further information, please contact:
HashChain Technology Inc.
Paul Ciullo, Chief Financial Officer