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iMining Blockchain and Cryptocurrency Inc.: iMining Provides Update on Acquisition of CanETH
iMining Blockchain and Cryptocurrency Inc. (TSXV: IMIN) (the
Company or
CanETH ), (the
Private Placement
The Company advises it has closed its non-brokered private placement, raising $2,155,000 through the issuance of 17,240,000 subscription receipts (
Receipts ) at a price of $0.125 per Receipt (the
Financing ). The gross proceeds of the Financing are held in escrow by the Company s counsel, Owen Bird Law Corporation, pending final acceptance by the TSX Venture Exchange (
TSXV ) of the Financing and the Acquisition.
On closing, without payment of additional consideration, the holders of the Receipts will automatically receive units (the Units ), each Unit comprised of one common share (a Share ) and one-half of one common share purchase warrant (a Warrant ), with each whole Warrant entitling the holder to purchase one Share at $0.245 for ....

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