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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. ....
Directors and Officers of the Resulting Issuer Following the Closing, the proposed directors, officers and other insiders of the Resulting Issuer are expected to be: Andrew Kiguel – Chief Executive Officer and Director Mr. Kiguel is an accomplished executive with leadership experience in Canadian capital markets, corporate governance and entrepreneurship. He co-founded Tokens and has served as its CEO and as a director since incorporation. Prior to co-founding Tokens, he was the co-founder, CEO, President and a director of Hut 8 Mining Corp. (“ Hut 8”), one of the largest publicly-listed bitcoin miners in the world. Prior to that, he spent over 18 years at GMP Securities LP in investment banking, with his most recent title as a Managing Director. ....
The Globe and Mail Jameson Berkow Includes correction DADO RUVIC/Reuters For Canadian investors tempted by the latest bitcoin craze, money manager Fred Pye offers what many will see as one of their only pure-play options. The chief executive of 3iQ Digital Asset Management runs The Bitcoin Fund (QBTC-T), which started trading last spring. It’s a unique offering in Canada and believed to be one of two pure-play bitcoin funds worldwide. (The other, the BTCetc Bitcoin Exchange Traded Crypto Fund (BTCE-FF), debuted on the Frankfurt Stock Exchange in August). There are plenty of options available to buy into the bitcoin boom, but Mr. Pye argues the vast majority of them – from virtual bitcoin exchanges to ETF-like products called exchange-traded notes (ETNs) – are too risky for the average investor. ....