Vancouver - HashChain Technology Inc. ('HashChain' or the 'Company') (TSXV: KASH; OTCQB: HSSHF) provides notice of a complete retraction of an investor presentation relating to the Company prepared for Digihost International, Inc. ('Digihost') and provides an update with respect to its previously announced reverse takeover transaction (the 'Proposed Transaction') with Digihost.
Retraction of Digihost Investor Presentation
It has come to the attention of the Company that an inaccurate working draft of a June 2019 investor relations presentation which was being prepared for Digihost in connection with the Proposed Transaction (the 'June 2019 Investor Presentation') was distributed by an agent of Digihost (the 'Agent') without the approval of the Company or Digihost. The June 2019 Investor Presentation is retracted in its entirety. The Company wishes to clarify that neither the Company nor Digihost prepared or authorized the distribution of the information included in the June 2019 Investor Presentation and that Digihost terminated its relationship with the Agent effective June 26, 2019. The Company cautions investors that the June 2019 Investor Presentation contains inaccuracies about the Company, Digihost and the Proposed Transaction. Accordingly, the information and statements contained in the June 2019 Investor Presentation, which may continue to be found in the public domain, should not be relied upon. Digihost has agreed, and will advise any agents engaged by it, that any future investor presentations regarding HashChain are to be reviewed and approved by HashChain prior to dissemination.
This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the review and approval of future investor presentations, the completion and terms and conditions of the Proposed Transaction, the HashChain shareholder meeting, the go-forward management of the resulting issuer and the trading of the resulting issuer shares and the development of the resulting issuer's business and operations. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties and the delay or failure to receive board, shareholder, court or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, HashChain and Digihost assume no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.