Vancouver, British Columbia – iMining Blockchain and Cryptocurrency Inc. (TSXV: IMIN) (the “Company” or “iMining”) reports that it has been granted an extension to the deadline for filing final materials for the non-brokered financing it announced on October 22, 2019. (See news releases dated October 22 and November 6, 2019.) The financing proposes to raise up to $900,000 through the issuance of up to 12,000,000 units (the “Units”) at a price of $0.075 per Unit. Each Unit will be comprised of one common share and one-half of one common share purchase warrant (“Warrant”), with each whole Warrant entitling the holder to purchase one common share of iMining at a price of $0.15 per share for a period of 2 years.
Due to current market conditions and the need for additional time to complete the required due diligence and definitive agreement on the proposed transaction, the deadline date for filing final materials on the private placement has been extended to January 6, 2020.
ON BEHALF OF THE BOARD
iMining Blockchain and Cryptocurrency Inc.
Signed “Robert Eadie”
Robert Eadie, President & Chief Executive Officer
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 release.