Squire Mining Announces Corporate Name Change and Completion of Share Consolidation
2019年12月12日 - 1:42AM
Squire Mining Ltd. (CSE:TAAL | FWB:9SQ | OTCQB:SQRMF) (the
"
Company") is pleased to announce that, further to
its news release dated December 10, 2019, the Company has changed
its name to Taal Distributed Information Technologies Inc.,
effective December 11, 2019.
The Company is also pleased to announce that it
has completed the previously announced consolidation of its issued
and outstanding common shares ("Common Shares") on
the basis of one (1) post-consolidation Common Share for each ten
(10) pre-consolidation Common Shares (the
"Consolidation"). No fractional Common Shares were
issued and any fractional interests resulting from the
Consolidation were rounded up to the nearest whole Common Share.
For further information regarding the Consolidation, please refer
to the Company’s management information circular dated November 8,
2019, a copy of which can be found under the Company’s profile on
SEDAR at www.sedar.com.
The Company has reserved the stock symbol "TAAL"
with the Canadian Securities Exchange (the "CSE") and, once all
final conditions of the CSE have been satisfied, the Company
expects its Common Shares to resume trading under the new stock
symbol "TAAL".
Effective at the commencement of trading on
December 16, 2019, the Company is expected to begin trading on the
Canadian Securities Exchange on a post-consolidated basis under the
new stock symbol "TAAL".
As of December 10, 2019, the trading day prior
to the completion of the Consolidation, there were 129,703,305
Common Shares issued and outstanding in the capital of the
Company.
The Company has recently rebranded and launched
a new corporate website, with a new logo and domain at
www.taal.com. The rebranding emphasizes the Company’s focus on its
diversified business and its vision of the future of mining. The
future of blockchain mining is built upon a stable infrastructure
focused on fast, commercial data interchange, a transactional
economy and user experience.
About Squire Mining Ltd.
Squire is a Canadian based technology company
engaged, through its subsidiaries, in the business of operating,
managing and developing cloud computing data infrastructure and
system technology to support global blockchain applications related
to Bitcoin SV, Bitcoin Core and other SHA-256 based digital
assets.
For further information contact:
Angela HolowaychukPresident and Chief Executive
OfficerTelephone: +1 800-371-2809
Neither the CSE nor its Regulation Services
Provider accepts responsibility for the adequacy or accuracy of
this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION: This news release includes "forward-looking
information" as defined under applicable Canadian securities
legislation. Forward‐looking information and statements include,
but are not limited to, disclosure regarding possible events, that
are based on assumptions about future economic conditions and
courses of action, and, in certain cases, can be identified by the
use of words such as "expects", or variations of such words and
phrases or statements that certain actions, events or results "may"
or "will", or the negative forms of any of these words and other
similar expressions. Forward-looking information is necessarily
based upon a number of estimates and assumptions that, while
considered reasonable, are subject to known and unknown risks,
uncertainties, and other factors which 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: general business, economic, competitive,
political and social uncertainties, uncertain and volatile equity
and capital markets, lack of available capital, future demand for
Bitcoin SV, Bitcoin Core and other cryptocurrencies and risks
related to the mining thereof, integration issues, personnel and
staffing requirements and technological change and obsolescence,
whether the Company’s ticker symbol will be changed, the
anticipated timing of such change and the Company’s satisfaction of
all final conditions of the CSE and its receipt of approval from
the CSE and statements relating to the Company’s business and its
vision of the future of blockchain and mining. Actual results and
future events could differ materially from those anticipated in
such forward looking information. Accordingly, readers should not
place undue reliance on forward-looking information. All forward
looking information in this news release is made as of the date
hereof and qualified by these cautionary statements and those in
our continuous disclosure filings available on SEDAR at
www.sedar.com. Squire disclaims any intention or obligation to
update or revise such forward-looking information, whether as a
result of new information, future events or otherwise, except as
required by law.
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