COIN Hodl Announces Sale of Del Carmen Royalty
March 31 2021 - 5:05PM
COIN Hodl Inc. (TSXV: COIN) (“
COIN” or the
“
Company”) announces that further to its press
release dated February 18, 2021 it has completed the transaction
with Metalla Royalty & Streaming Ltd. to sell the Company’s
royalty interest (the “
Royalty”) on certain mining
concessions located in the Province of San Juan, Argentina (the
“
Del Carmen Project”), for cash consideration of
C$1,600,000.
The Royalty is a 0.5% net smelter returns
royalty in respect of products mined from the Del Carmen Project
which was granted to COIN under a royalty agreement with Minera Del
Carmen S.A., dated April 6, 2015.
No finder’s fees are payable in connection with
the sale of the Royalty.
Trading in COIN Common
Shares
Trading in common shares of COIN on the Exchange
has been halted in compliance with the policies of the TSX Venture
Exchange (the “Exchange”) in connection with the
Company’s proposed reverse takeover transaction (the
“Transaction”) with Tokens.com Inc. It is likely
that trading in common shares of COIN will not resume prior to
closing of the Transaction.
Further Information
Completion of the Transaction is subject
to a number of conditions, and, if applicable, disinterested
shareholder approval. Where applicable, the Transaction cannot
close until the required shareholder approval is obtained. There
can be no assurance that the Transaction will be completed as
proposed or at all.
Investors are cautioned that, except as
disclosed in the management information circular or filing
statement to be prepared in connection with the Transaction, any
information released or received with respect to the Transaction
may not be accurate or complete and should not be relied upon.
Trading in the securities of COIN should be considered highly
speculative.
The Exchange has in no way passed upon
the merits of the proposed Transaction and has neither approved nor
disapproved the contents of this press release.
For further information, please contact:
COIN Hodl Inc.Ben CubittChief Executive
OfficerTelephone: (416) 479-5407Email:
ir@coinhodlinc.com |
Tokens.com Inc.Andrew Kiguel, Chief Executive
OfficerEmail: contact@tokens.com Media Contact:Megan Stangl -
Talk Shop MediaEmail: Megan@talkshopmedia.com |
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
CAUTIONARY NOTE REGARDING
FORWARD-LOOKING INFORMATION:
This news release contains “forward-looking
information” and “forward-looking statements” (collectively,
“forward-looking statements”) within the meaning of applicable
Canadian securities laws. All statements other than statements of
historical fact are forward-looking statements, and are based on
expectations, estimates and projections as at the date of this news
release. Any statement that involves discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions, future events or performance (often using phrases such
as “expects”, “anticipates”, “plans”, “budget”, “scheduled”,
“forecasts”, “estimates”, “believes” or “intends”, or variations of
such words and phrases, or stating that certain actions, events or
results “may” or “could”, “would”, “might” or “will” be taken to
occur or be achieved, are not statements of historical fact and may
be forward-looking statements. In this news release,
forward-looking statements relate, among other things, to: the
terms and conditions of the proposed Transaction and sale of the
Royalty. Forward-looking statements are 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 actual results and future events
to differ materially from those expressed or implied by such
forward-looking statements. Such factors include: general business,
economic, competitive, political and social uncertainties; delay or
failure to receive any necessary board, shareholder or regulatory
approvals; that factors may occur which impede or prevent Tokens’
future business plans; and other factors beyond the control of COIN
and Tokens. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on the
forward-looking statements and information contained in this news
release. The terms and conditions of the Transaction may change
based on the receipt of tax, corporate and securities law advice
for each of the parties. Except as required by law, COIN and Tokens
assume no obligation to update the forward-looking statements,
whether they change as a result of new information, future events
or otherwise, except as required by law.
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