CoinSmart considers that Coinsquare remains bound by the Share Purchase Agreement and intends to hold Coinsquare to its obligations under the Share Purchase Agreement. If necessary, CoinSmart intends to vigorously contest Coinsquare's purported termination of the Share Purchase Agreement and to pursue available remedies to enforce its contractual rights under the Share Purchase Agreement, including, among other things, the right to specific performance or the right to monetary damages.
CoinSmart has met and expects to be able to meet all its requirements under the Share Purchase Agreement. Coinsquare's invalid attempt to terminate the Share Purchase Agreement appears to be the result of internal matters concerning Coinsquare and not as a result of anything to do with CoinSmart or its business.
CoinSmart is also aware of recent market rumors concerning a transaction involving Coinsquare and another party and is continuing to monitor the situation and any impact it may have had or may have on the agreed upon transaction with Coinsquare.
CoinSmart is also pleased to announce that on an unaudited basis, its preliminary gross revenues for the quarter ended
CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in
CoinSmart further builds on its mission to make cryptocurrency accessible by providing educational resources tailored to every level of cryptocurrency knowledge and unparalleled 24/7 omni-channel customer support. Offering instant verification, industry-leading cold wallet storage, advanced charting with order book functionality and over-the-counter premium services, CoinSmart ensures every client's needs are met with the highest level of quality and care. For more information please visit https://www.coinsmart.com/.
Cautionary Note Regarding Forward-Looking Information and Other Disclosures
This press release contains statements that constitute "forward-looking information" ("forward-looking information") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses 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", "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. In disclosing the forward-looking information contained in this news release, CoinSmart has made certain assumptions. Although CoinSmart believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to: regulatory approvals. Accordingly, readers should not place undue reliance on the forward-looking information contained in this news release. Except as required by law, CoinSmart disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.
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