This information launch constitutes a “designated information launch” for the needs of the Firm’s prospectus complement dated February 2, 2021 to its quick type base shelf prospectus dated January 27, 2021
Vancouver, British Columbia–(Newsfile Corp. – October 8, 2021) – HIVE Blockchain Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: HBF) (the “Firm” or “HIVE”) supplies an replace on its at-the-market providing and the grant of possibility and restricted share items to an officer of the Firm.
Pursuant to the ATM Fairness Program, as required pursuant to Nationwide Instrument 44-102 – Shelf Distributions and the insurance policies of the TSX Enterprise Alternate (“TSXV”), the Firm pronounces that, throughout its second quarter ended September 30, 2021, it has issued an mixture of 4,980,600 frequent shares (the “ATM Shares”) over the TSX-V, for mixture gross proceeds to the Firm of C$19,161,593. The ATM Shares had been bought at prevailing market costs, for a median worth per ATM Share of C$3.85. Pursuant to the Fairness Distribution Settlement related to the ATM Fairness Program (the “EDA”), a money fee of US$457,030 on the mixture gross proceeds raised was paid to the agent in reference to its providers below the EDA in the course of the second quarter ended September 30, 2021.
Pursuant to the EDA, the Firm might, now and again, promote as much as US$100 million of frequent shares within the capital of the Firm. The Firm intends to make use of the web proceeds of the ATM Fairness Program, if any, principally for common company and dealing capital necessities, funding ongoing operations, to repay indebtedness excellent now and again, to finish future acquisitions, or for different company functions.
This information launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase securities in america or in any jurisdiction the place the supply, sale or solicitation could be illegal. The Frequent Shares referred to on this information launch will not be provided or bought in america absent registration or an relevant exemption from registration.
Choice and RSU Grant
The Firm introduced that the Board of Administrators has authorized the grant of 900,000 incentive inventory choices to an officer of the Firm which vest over 60 months. The choices are exercisable into the equal quantity of frequent shares of the Firm at a worth of C$3.70 per share till October 7, 2031. The Firm’s Board has additionally authorized the grant of 40,000 restricted share items (“RSUs”) to an officer of the Firm which vest over 12 months. Every vested RSU entitles the holder to obtain one frequent share of the Firm. The grant of choices and RSUs are topic to the approval of the TSX Enterprise Alternate.
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 expertise inventory within the emergent blockchain trade. As an organization whose shares commerce on a serious inventory alternate, we’re constructing a bridge between the digital foreign money 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 buyers with publicity to the working margins of digital foreign money mining, in addition to a portfolio of cryptocurrencies akin to ETH and BTC. As a result of HIVE additionally owns onerous belongings akin to knowledge facilities and superior multi-use servers, we imagine our shares supply buyers a beautiful approach to achieve 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 be taught extra about HIVE.
On Behalf of HIVE Blockchain Applied sciences Ltd.
For additional data please contact:
Tel: (604) 664-1078
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this information launch.
Apart from the statements of historic reality, this information launch comprises “forward-looking data” throughout the that means of the relevant Canadian securities laws that’s based mostly on expectations, estimates and projections as on the date of this information launch. “Ahead-looking data” on this information launch contains, however just isn’t restricted to, enterprise objectives and targets of the Firm, and different forward-looking data regarding the intentions, plans and future actions of the events to the transactions described herein and the phrases thereon.
Elements that would trigger precise outcomes to vary materially from these described in such forward-looking data embrace, however will not be restricted to: the volatility of the digital foreign money market; the Firm’s skill to efficiently mine digital foreign money; the Firm might not be capable to profitably liquidate its present digital foreign money stock as required, or in any respect; a fabric decline in digital foreign money costs might have a major unfavourable influence on the Firm’s operations; the volatility of digital foreign money costs; continued results of the COVID-19 pandemic might have a fabric hostile impact on the Firm’s efficiency as provide chains are disrupted and stop the Firm from finishing up its enlargement plans or working its belongings; and different associated dangers as extra totally set out within the registration assertion of Firm and different paperwork disclosed below the Firm’s filings at www.sec.gov/EDGAR and www.sedar.com.
The forward-looking data on this information launch displays the present expectations, assumptions and/or beliefs of the Firm based mostly on data at the moment out there to the Firm. The Firm has assumed that no important occasions happen exterior of the Firm’s regular course of enterprise. Though the Firm believes that the assumptions inherent within the forward-looking data are cheap, forward-looking data just isn’t a assure of future efficiency and accordingly undue reliance shouldn’t be placed on such data because of the inherent uncertainty therein.
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