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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
/PRNewswire/ - Capricorn Business Acquisition Inc. (TSXV: CAK.H) (the "Company" or "Capricorn") is pleased to announce that it has entered into an arrangement.