Vancouver, British Columbia – iMining Blockchain and Cryptocurrency Inc. (TSX-V: IMIN) (the “Company” or “iMining”) is pleased to announce that its shareholders have approved all resolutions presented to them at the annual general meeting of the Company (“AGM”) held on March 31, 2021. The shareholders re-elected four directors to the board, namely Robert Eadie, Gary Arca, Tanya Lutzke and Anders Nilsson. The shareholders also reappointed Baker Tilly WM LLP, Chartered Accountants, as the Company’s auditors and ratified and approved the Company’s 10% rolling stock option plan.
At the Board of Directors meeting held immediately after the AGM, Saleem Moosa was appointed an additional director of the Company and Chair of the Audit Committee. Mr. Moosa is Chief Financial Officer of CanETH Staking Services Inc., a private Ontario corporation that was recently acquired by the Company, and now a wholly-owned subsidiary of iMining. (See news release dated March 22, 2021.) Saleem has over 12 years of international experience in the finance sector, having started at a Middle East investment bank where he was involved in cross-border mergers and acquisition transactions, restructuring mandates and equity raising projects.
Business of CanETH
CanETH Staking Services is a Canadian-based company offering a staking solution for Ethereum 2.0, providing clients with a simplified on-ramp to participate in the ETH 2.0 Proof of Stake movement. Incorporating a proprietary, best-in-class staking process CanETH ensures robust security, reliability and scalability; while removing the technical complexity of deploying and managing validators.
ON BEHALF OF THE BOARD
Signed “Robert Eadie”
Robert Eadie, Chief Executive Officer and Director
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.
This news release contains certain forward-looking statements, which relate to future events or future performance (including, but not limited to, future business operations of CanETH, and the proposed use of available funds) and reflect management’s current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of CanETH’s activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.