Capricorn Business Acquisitions Inc. Announces Qualifying Transaction with Bitcoin Mining Company, Canada Computational Unlimited Inc.
Company" or "
(the "
CCU.ai"), a bitcoin mining center located in the Province of Québec, Canada.
The Agreement outlines the principal terms and conditions which will result in a reverse takeover of Capricorn by CCU.ai (the "
Transaction"). As a condition precedent to the Transaction, CCU.ai will carry out a non-brokered private placement by way of the issuance of subscription receipts ("
Subscription Receipts") for gross proceeds of at least $3,450,000 (the "
Concurrent Financing").
Capricorn is a Capital Pool Company currently trading on the NEX board of the TSX Venture Exchange (the "