ZUG, Switzerland and
VANCOUVER, March 14, 2018 /CNW/ - HIVE Blockchain
Technologies Ltd. (TSX.V:HIVE) (OTC:HVBTF) (the "Company" or
"HIVE") is pleased to announce that it has applied for listing of
an aggregate of 48,830,150 common share purchase warrants (the
"Warrants") on the TSX Venture Exchange ("TSXV") as a supplemental
listing. The Warrants were issued pursuant to private placements of
the Company that closed on November 14,
2017, December 18, 2017 and
December 29, 2017.
Subject to TSXV approval, the Warrants will commence trading on
the TSXV under the symbol "HIVE.WT" concurrently with the expiry of
each applicable four month and a day hold period attached to such
Warrants. 12,322,250 of the Warrants are expected to be listed on
March 15, 2018, 15,873,100 of the
Warrants on April 19, 2018 and the
remaining 20,634,800 Warrants on April 30,
2018.
Each Warrant entitles the holder thereof to acquire one common
share of the Company at an exercise price of C$3.90 until November 14,
2019. The Warrants were issued pursuant to, and are governed
by, a warrant indenture between the Company and Computershare Trust
Company of Canada dated
November 14, 2017, as supplemented by
the first supplemental warrant indenture dated December 18, 2017.
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 is strategically partnered
with Genesis Mining Ltd. to build the next generation of blockchain
infrastructure. HIVE owns state-of-the-art GPU-based digital
currency mining facilities in Iceland and Sweden, which produce newly minted digital
currencies like Ethereum continuously, and provides 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.
"Harry Pokrandt"
President, CEO and Director
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
include, but are not limited to, the anticipated listing dates of
the Warrants. Factors that could cause actual results to differ
materially from those described in such forward-looking information
include, but are not limited to, the acceptance by the TSXV of the
listing of the Warrants and other risks as more fully set out in
the Filing Statement of the Company dated September 13, 2017.
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 continue to list its common shares on the TSXV and to
qualify to list the Warrants as a supplemental listing on the TSXV.
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.
Any forward-looking information speaks only as of the date on
which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to
update any forward-looking information, whether as a result of new
information, future events or results or otherwise.
SOURCE HIVE Blockchain Technologies Ltd.