Brief: Hive Blockchain Announces Upsize Of Financing To $115 Mln

HIVE Digital Technologies

15/12/2017 17:55

Dec 15 (Reuters) - Hive Blockchain Technologies Ltd 
 HIVE.V : 
    * HIVE BLOCKCHAIN ANNOUNCES UPSIZE OF FINANCING TO $115 
MILLION 
INCLUDING MINIMUM INVESTMENT OF $3 MILLION BY GENESIS MINING 
    * SAYS ENTERED AMENDED DEAL WITH GMP SECURITIES TO INCREASE 
SIZE 
OF FINANCING TO 36.5 MILLION UNITS OF CO AT C$3.15 / UNIT 
    * SAYS AMENDED AGREEMENT WITH AGENTS TO INCREASE SIZE OF 
PREVIOUSLY ANNOUNCED FINANCING TO 36.5 MILLION UNITS AT 
C$3.15/UNIT 
    * SAYS PROCEEDS TO BE USED TO FUND COMPLETION OF SWEDEN 
BITCOIN 
DATA CENTRE AND PHASE 3 EXPANSION AT SWEDEN GPU DATA CENTRE 
    * SAYS EACH UNIT TO CONSIST OF 1 COMMON SHARE, 1 WARRANT 
WITH EACH 
WARRANT HOLDER TO BUY 1 COMMON SHARE AT $3.90 UNTIL NOV 14 2019 
 
Source text for Eikon:  ID:nCCN5zlbKa  
Further company coverage:  HIVE.V  
 
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