ZUG, Switzerland and
VANCOUVER, July 31, 2019 /CNW/ - HIVE Blockchain
Technologies Ltd. (TSX.V:HIVE) (OTCQX:HVBTF) (the "Company" or
"HIVE") announces that it has, as requested by HIVE management,
been granted a management cease trade order (the "MCTO") by the
British Columbia Securities Commission (the "BCSC"). This means
that during the MCTO the stock will remain trading while management
works diligently to complete the audit of its annual financial
statements. The directors and management, including the CEO and
CFO, of HIVE will not be able to trade shares during this period.
As previously announced on July 26,
2019 the application for the MCTO was made due to a delay in
the preparation and filing of its financial statements and
accompanying management's discussion and analysis for the financial
year ended March 31, 2019
(collectively, the "Annual Filings").
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. is a growth oriented,
TSX.V-listed company building a bridge from the blockchain sector
to traditional capital markets. HIVE owns state-of-the-art
GPU-based digital currency mining resources in Iceland and Sweden, which produce newly minted digital
currencies like Ethereum continuously as well as cloud-based
ASIC-based capacity which produces newly minted digital currencies
like Bitcoin. Its deployments provide shareholders with exposure to
the operating margins of digital currency mining as well as a
growing portfolio of crypto-coins.
For more information and to register to HIVE's mailing list,
please visit www.HIVEblockchain.com. Follow @HIVEblockchain on
Twitter and subscribe to HIVE's YouTube channel.
On Behalf of HIVE Blockchain Technologies Ltd.
"Frank Holmes"
Interim Executive Chairman
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
Forward-Looking Information
Except for the statements of historical fact, this news
release contains "forward-looking information" within the meaning
of the applicable Canadian securities legislation that is based on
expectations, estimates and projections as at the date of this news
release. "Forward-looking information" in this news release
includes, but is not limited to, statements regarding the timing,
review, completion and filing of the Annual Filings, and duration
of the MCTO; business goals and objectives of the Company, and
other forward-looking information concerning the intentions, plans
and future actions of the parties to the transactions described
herein and the terms thereon.
Factors that could cause actual results to differ materially
from those described in such forward-looking information include,
but are not limited to, the Company may not complete its audit and
file the Annual Filings as currently anticipated, or at all; the
Company will be subject to a general cease trade order in the event
that the Annual Filings are not completed and filed; and other
related risks as more fully set out in the Filing Statement of the
Company dated September 13, 2017 and
other documents disclosed under the Company's filings at
www.sedar.com.
The forward-looking information in this news release reflects
the current expectations, assumptions and/or beliefs of the Company
based on information currently available to the Company. In
connection with the forward-looking information contained in this
news release, the Company has made assumptions about the Company's
ability to complete and file the Annual Filings. The Company has
also assumed that no significant events occur outside of the
Company's normal course of business. Although the Company believes
that the assumptions inherent in the forward-looking information
are reasonable, forward-looking information is not a guarantee of
future performance and accordingly undue reliance should not be put
on such information due to the inherent uncertainty
therein.
SOURCE HIVE Blockchain Technologies Ltd.