HIVE Blockchain announces date for annual general
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Posted On: 05/13/2019 8:50:43 AM
HIVE Blockchain announces date for annual general meeting and rejects Genesis Mining's meeting requisition
Fri May 10, 2019
ZUG, SWITZERLAND and VANCOUVER, May 10, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (HVBTF) (TSX.V:HIVE) (OTCQX:HVBTF) (the "Company" or "HIVE) announces that it will hold its annual general meeting of the Company's shareholders (the "Meeting) on November 12, 2019.
The Company also announces that after careful review it has rejected the purported meeting requisition (the "Requisition) submitted by Genesis Mining Ltd. ("Genesis) on April 19, 2019 for being invalid. The Requisition is invalid as it failed to comply with the legal requirements applicable to a shareholder meeting requisition. Moreover, as disclosed in the Company's press release dated April 22, 2019, the primary purpose of the Requisition is to redress a personal grievance against the Company relating to the formal notice that the Company provided to Genesis on April 2, 2019 regarding certain material breaches by Genesis of the master service agreement (the "MSA) between the Company and Genesis, a clear contravention of the Business Corporations Act (British Columbia).
"HIVE is pleased that this latest unfortunate chapter with Genesis is behind us," said Frank Holmes, Interim Executive Chairman and Interim CEO of HIVE. "We are focused on driving shareholder value and resolving any differences with Genesis in good faith for the benefit of all HIVE shareholders."
The Company has engaged Norton Rose Fulbright Canada LLP as its special legal counsel.
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE is strategically partnered with Genesis Mining Ltd. to build the next generation of blockchain infrastructure. HIVE owns state-of-the-art GPU-based digital currency mining facilities in Iceland and Sweden, which produce newly minted digital currencies like Ethereum continuously as well as cloud-based ASIC-based capacity which produces newly minted digital currencies like Bitcoin. Our deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a growing portfolio of crypto-coins.
For more information and to register to HIVE's mailing list, please visit www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE's YouTube channel.
On Behalf of HIVE Blockchain Technologies Ltd.
"Frank Holmes
Interim Executive Chairman
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
https://seekingalpha.com/pr/17508873-hive-blo...gs-meeting
Fri May 10, 2019
ZUG, SWITZERLAND and VANCOUVER, May 10, 2019 /CNW/ - HIVE Blockchain Technologies Ltd. (HVBTF) (TSX.V:HIVE) (OTCQX:HVBTF) (the "Company" or "HIVE) announces that it will hold its annual general meeting of the Company's shareholders (the "Meeting) on November 12, 2019.
The Company also announces that after careful review it has rejected the purported meeting requisition (the "Requisition) submitted by Genesis Mining Ltd. ("Genesis) on April 19, 2019 for being invalid. The Requisition is invalid as it failed to comply with the legal requirements applicable to a shareholder meeting requisition. Moreover, as disclosed in the Company's press release dated April 22, 2019, the primary purpose of the Requisition is to redress a personal grievance against the Company relating to the formal notice that the Company provided to Genesis on April 2, 2019 regarding certain material breaches by Genesis of the master service agreement (the "MSA) between the Company and Genesis, a clear contravention of the Business Corporations Act (British Columbia).
"HIVE is pleased that this latest unfortunate chapter with Genesis is behind us," said Frank Holmes, Interim Executive Chairman and Interim CEO of HIVE. "We are focused on driving shareholder value and resolving any differences with Genesis in good faith for the benefit of all HIVE shareholders."
The Company has engaged Norton Rose Fulbright Canada LLP as its special legal counsel.
About HIVE Blockchain Technologies Ltd.
HIVE Blockchain Technologies Ltd. is a growth oriented, TSX.V-listed company building a bridge from the blockchain sector to traditional capital markets. HIVE is strategically partnered with Genesis Mining Ltd. to build the next generation of blockchain infrastructure. HIVE owns state-of-the-art GPU-based digital currency mining facilities in Iceland and Sweden, which produce newly minted digital currencies like Ethereum continuously as well as cloud-based ASIC-based capacity which produces newly minted digital currencies like Bitcoin. Our deployments provide shareholders with exposure to the operating margins of digital currency mining as well as a growing portfolio of crypto-coins.
For more information and to register to HIVE's mailing list, please visit www.HIVEblockchain.com. Follow @HIVEblockchain on Twitter and subscribe to HIVE's YouTube channel.
On Behalf of HIVE Blockchain Technologies Ltd.
"Frank Holmes
Interim Executive Chairman
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
https://seekingalpha.com/pr/17508873-hive-blo...gs-meeting
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