Parlane files Filing Statement
06 Abril 2018 - 11:04AM
Parlane Resource Corp. (TSXV:PPP) (“Parlane” or the “Company”) has
filed its Filing Statement on SEDAR pertaining to its proposed
change of business (“COB”).
As earlier disclosed, the Company’s COB involves
mining for cryptocurrency, and specifically:
- the acquisition of 500 S9 Antminer mining rigs (the “Rigs”) in
consideration of US$2,000,000;
- the engagement of MKH International Ltd. to host and operate
the Rigs for and on behalf of the Company in consideration of
6,000,000 common shares, a 10% net profits royalty, and costs fixed
at US$0.10 per kwh;
- the private placement of 5,100,000 subscription receipts;
- the acquisition of the iMining brand in consideration of
$250,000 and 2,000,000 Shares issued at the deemed price of $0.15
per Share; and
- the change of the Company’s name to “iMining Blockchain and
Cryptocurrency Inc.”
Full details of the COB, and of the Company’s
management, share capital structure, and new business following
closing of the COB, are contained in the Filing Statement.
In accordance with TSX Venture Exchange
policies, the Company must not close its COB until seven business
days following the filing of its Filing Statement on SEDAR.
As such, the Company anticipates closing the COB on April 17, 2018,
and that the Company will shortly thereafter begin trading under
its new name - iMining Blockchain and Cryptocurrency Inc. and under
its new trading symbol “IMIN”.
The Company is also pleased to announce the
appointment of Mr. Anders Nilsson as an additional director, to
become effective upon closing of the COB. Mr. Nilsson is a
certified Systems Engineer, who provides management and technology
consulting services. He is presently engaged by the largest
helicopter operator in Sweden to develop and implement a safety and
operations management platform for compliance with European
legislation. He also currently mines for cryptocurrencies on
his own behalf, having researched and implemented a business model
for his operations. Previously, from April 2008 to January
2010 he assisted with the design and construction of a real estate
investment funds based in Switzerland but domiciled in
Liechtenstein.
ON BEHALF OF THE BOARD
Signed “Robert
Eadie”
Robert Eadie, President, Chief Executive Officer and Director
FOR FURTHER INFORMATION PLEASE CONTACT:Telephone:
1-604-602-4935 Facsimile: 1-604-602-4936
Website: www.parlaneresource.com
Contact: Robert Eadie
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Investors are cautioned that, except as disclosed in the Filing
Statement to be prepared in connection with the transactions, any
information released or received with respect to the change of
business may not be accurate or complete and should not be relied
upon. Trading in the securities of Parlane Resources Corp. should
be considered highly speculative.
The TSX Venture Exchange has in no way passed upon the merits of
the proposed transaction and has neither approved nor disapproved
the contents of this press release.
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