Vancouver, British Columbia: Further to its news release of January 11, 2021 announcing the cancellation of its proposed change of business, Mining Blockchain and Cryptocurrency Inc. (TSX-V: IMIN) (the “Company” or “iMining”) provides the following update:
1. The funds advanced as a refundable deposit towards the proposed transaction ($150,000) have now been refunded by RooGold Ltd.
2. In reviewing the Company’s status prior to resumption of trading, the TSX Venture Exchange (the “Exchange”) has determined that the Company does not meet the Continued Listing Requirements (“CLR”) as a Tier 2 Issuer due to deficiencies in the criteria of Activity and Assets in the prior financial year. The Exchange has advised that the Company will be placed on notice to transfer to NEX with a deadline to meet CLR by no later than 90 days from the date its shares resume trading.
Shares of the Company will resume trading on January 22, 2021.
ON BEHALF OF THE BOARD
Signed “Robert Eadie”
Robert Eadie, President & Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
Contact: Robert Eadie
Telephone: 1-604-602-4935 t Facsimile: 1-604-602-4936
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.