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CryptoStar Corp. Executes Definitive Agreement with Hong Kong Based Company and Secures Funding Commitments for $7.0 Million in Non-Brokered Private Placement of Units


CryptoStar or the
Company ), a cryptocurrency mining and data centre operator, is pleased to announce that, further to the non-binding letter of intent announced on January 13, 2021, the Company and a Hong Kong based company (the
Vendor ) have executed an equipment purchase agreement (the
Definitive Agreement ) effective March 7, 2021 to acquire a combination of GPU and ASIC miners in exchange for 7,956,198 units (
Units ) of the Company at a deemed value of CAD$1,909,487.52 (the
Transaction ). The Company will issue an additional 477,372 Units (the
Finder s Fee ) to Chen Peifeng in connection with Transaction.
Each Unit consists of one common share of CryptoStar (a
Common Share ) and one common share purchase warrant of CryptoStar (a ....

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