Followers | 28 |
Posts | 1059 |
Boards Moderated | 0 |
Alias Born | 09/05/2013 |
Tuesday, September 24, 2019 12:22:30 AM
You will own same $ amount just 1/40 the shares. In fact if RTO were to pass it would be a substantial increase from current pps!!
Say you own 1M shares or $18,500 based on todays close. Now a 40th (shares) would be 25K. The Early bird private placement offering calls for $.96 pps and proposed public offering @ $1.20. Do the math, that would be $25-$30K out of the gate not talking RTO specifics such as less shares, no debt, new equipment, ppl to run the company etc.
Current levels are the 80% pre RTO discounts sir
https://stockhouse.com/news/press-releases/2019/09/11/hashchain-technology-inc-announces-extension-to-defintive-agreement-and
The Proposed Transaction is anticipated to be completed by way of share exchange. HashChain currently has 261,222,157 common shares issued and outstanding. All existing stock options of HashChain will be cancelled and will not be exchanged for corresponding securities of the Resulting Issuer. Assuming completion of the Proposed Transaction and the HashChain Share Consolidation (as defined hereinafter), existing HashChain shareholders will hold approximately 6,530,553 of the then issued and outstanding common shares in the capital of the Resulting Issuer (the "Resulting Issuer Shares"), representing approximately 18% of the total Resulting Issuer Shares (subject to dilution resulting from the issuance of Resulting Issuer Shares pursuant to the proposed Financing, as discussed below). Holders of existing common share purchase warrants in the capital of HashChain shall receive common share purchase warrants in the capital of the Resulting Issuer on equivalent terms and conditions, after adjustment with respect to the HashChain Share Consolidation (as defined hereinafter).
Pursuant to the terms of the Definitive
Agreement, shareholders of Digihost will receive approximately 181.83 Resulting Issuer Shares for every one (1) Digihost common share held. Assuming completion of the Proposed Transaction, a total 29,820,000 Resulting Issuer Shares, representing approximately 82% of the total Resulting Issuer Shares (subject to the Financing) will be issued to Digihost shareholders, and Digihost will become a wholly owned subsidiary of HashChain.
Each Resulting Issuer Share issued to the holders of Digihost common shares is currently expected to be issued at a deemed price of approximately $0.96 per Resulting Issuer Share for aggregate deemed consideration of $28,627,200. On a pre-HashChain Share Consolidation basis, the Resulting Issuer Shares issued to the holders of Digihost common shares will be equivalent to 1,192,800,000 pre-HashChain Share Consolidation common shares issued at a deemed price of approximately $0.024 per pre-HashChain Share Consolidation common share.
Assuming completion of the Proposed Transaction and HashChain Share Consolidation (as defined hereinafter), but excluding the effect of the Financing (as defined hereinafter), the Resulting Issuer will have 30,473,533 Resulting Issuer Shares outstanding.
Update to Digihost Financing
Digihost has updated the terms of its non-brokered private placement previously disclosed in the Company's press releases of June 10, 2019 and June 11, 2019. The updated private placement will be for gross proceeds of up to $5,000,000 through the issuance of securities of Digihost (the "Financing") comprised of subscription receipts (the "Subscription Receipts") at a price of $0.96 per Subscription Receipt, with each Subscription Receipt exchangeable for one common share (each, a "Common Share") of Digihost, and unit subscription receipts (the "Unit Subscription Receipts") at a price of $1.20 per Unit Subscription Receipt, with each Unit Subscription Receipt exchangeable for one unit (each, a "Unit"). Each Unit will consist of one Common Share and one common share purchase warrant (each, a "Warrant") of Digihost. Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of C$1.75 for a period of 18 months following the closing.
SURGE
Recent DGHI News
- Digihost Announces Month-Over-Month Increase in Cash and Crypto Position and Provides April 2024 Production Update • GlobeNewswire Inc. • 05/01/2024 10:00:00 AM
- Digihost Announces 2023 Year End Financial Results and Provides Operational Update • GlobeNewswire Inc. • 04/03/2024 10:00:00 AM
- Digihost Announces 60% Month-Over-Month Increase in Cash and Crypto Position and Provides March 2024 Production Update • GlobeNewswire Inc. • 04/01/2024 11:00:00 AM
- Digihost Expands Bitcoin Mining Fleet With Addition of 4,640 S19 XPs 150TH Under Multi-Year Hosting Deal • GlobeNewswire Inc. • 03/05/2024 11:00:00 AM
- Digihost Announces 45% Year-Over-Year Increase in Bitcoin Mined and Provides February 2024 Production Update • GlobeNewswire Inc. • 03/04/2024 11:00:00 AM
- Digihost Announces RSU Grant • GlobeNewswire Inc. • 02/09/2024 10:00:00 PM
- Digihost Announces 65% Year-Over-Year Increase in Bitcoin Mined and Provides January 2024 Production Update • GlobeNewswire Inc. • 02/01/2024 11:00:00 AM
- Digihost’s Hashrate Doubles to 2EH/s as of January 1st 2024 • GlobeNewswire Inc. • 01/02/2024 10:00:00 AM
- Digihost Provides November 2023 Production Update • GlobeNewswire Inc. • 12/05/2023 10:00:00 AM
- Digihost Reports Positive Year Over Year Revenue Growth and 49% Increase in EBITDA* for Q3 2023 • GlobeNewswire Inc. • 11/14/2023 11:00:00 AM
- Digihost Increases Year Over Year Monthly BTC Output by 36% and Provides October 2023 Production Update • GlobeNewswire Inc. • 11/02/2023 10:00:00 AM
- Digihost Increases Month Over Month BTC Output By 21% And Provides September 2023 Production Update • GlobeNewswire Inc. • 10/03/2023 09:30:00 AM
- Digihost Reports on Energy Curtailment Programs and Provides August 2023 Production Update • GlobeNewswire Inc. • 09/06/2023 10:00:00 AM
- Digihost Reports Positive Adjusted EBITDA for Q2 2023 • GlobeNewswire Inc. • 08/15/2023 10:00:00 AM
- Digihost Provides July 2023 Production Update • GlobeNewswire Inc. • 08/02/2023 10:00:00 AM
- Digihost Provides Update on Green Initiatives, Operational Efficiencies and Sustainability • GlobeNewswire Inc. • 07/05/2023 10:00:00 AM
- Digihost Announces a 35% Month-Over-Month Increase in Bitcoin Production and Provides May 2023 Operational Update • GlobeNewswire Inc. • 06/01/2023 10:00:00 AM
- Digihost Reports Positive Adjusted EBITA for Q1 2023 and Provides Operational Update • GlobeNewswire Inc. • 05/16/2023 10:00:00 AM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM