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PennyStaIker

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PennyStaIker

Re: hobowilly post# 965

Thursday, 06/10/2021 1:43:26 PM

Thursday, June 10, 2021 1:43:26 PM

Post# of 1692
The TSXV requires all new applicants to deposit securities into escrow before listing on the exchange. They are then released in predetermined blocks over time.


See page 15 for Bitfarms’ initial amount and the original release schedule (from 2019): https://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00046249&issuerType=03&projectNo=02890726&docId=4543983

I believe the NASDAQ uplisting has qualified them to release the remainder early (although they will still trade on the TSXV as well). This may be related to some DTC requirement.
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