iMining to acquire CanETH Staking Services for $2m
Vancouver, British Columbia–(Newsfile Corp. – February 3, 2021) – iMining Blockchain and Cryptocurrency Inc. (TSXV: IMIN) (the “Company” or “iMining“) is pleased to announce that it has entered into a letter agreement dated February 2, 2021 (the “Letter Agreement“), with CanETH Staking Services Inc., a private Ontario corporation (“CanETH“), to acquire all the issued and outstanding securities of CanETH (the “Acquisition“). The final structure of the Acquisition is subject to receipt of final tax, corporate and securities law advice for both iMining and CanETH. In addition, the Acquisition is subject to TSX Venture Exchange (“TSXV“) approval.