Brief: Hive Blockchain Announces Strategic Partnership And Share Swap Agreement With Argo Blockchain

HIVE Digital Technologies

13/05/2019 13:05

May 13 (Reuters) - HIVE Blockchain Technologies Ltd
 HIVE.V :
    * HIVE BLOCKCHAIN ANNOUNCES STRATEGIC PARTNERSHIP AND SHARE
SWAP
AGREEMENT WITH ARGO BLOCKCHAIN
    * HIVE BLOCKCHAIN TECHNOLOGIES LTD - ENTERED A NON-BINDING
LETTER
OF INTENT AND HEADS OF TERMS AND A SHARE SWAP AGREEMENT WITH
ARGO BLOCKCHAIN PLC
    * HIVE BLOCKCHAIN TECHNOLOGIES LTD - AS PART OF AGREEMENT,
HIVE
AND ARGO ARE CONSIDERING A SHARE SWAP ARRANGEMENT
    * HIVE BLOCKCHAIN TECHNOLOGIES LTD - TRANSACTION DOES NOT
INVOLVE
ANY CASH PAYMENTS BY EITHER SIDE
    * HIVE BLOCKCHAIN TECHNOLOGIES-AS PER SHARE SWAP DEAL, ARGO
TO
RECEIVE ABOUT 5% OF HIVE'S SHARE CAPITAL IN EXCHANGE FOR ABOUT
15% OF ARGO'S SHARE CAPITAL

Source text for Eikon:  ID:nCNWSW3Mda 
Further company coverage:  HIVE.V 

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