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ChuckBits

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Re: hobowilly post# 4032

Monday, 05/10/2021 12:37:19 PM

Monday, May 10, 2021 12:37:19 PM

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I guess cancelling $3.1 million in debt & some warrants is the "positive" here?

As a result of this transaction, HIVE has extinguished loans which were assumed as part of the original transaction in May 2018, with a balance of USD $3.1 million based on our most recently filed financial statements for the period ended December 31, 2020. Original warrants granted for milestones associated with the Kolos land development that have not been met will naturally be cancelled.

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