Toronto, Ontario--(Newsfile Corp. - December 27, 2018) - Hydro66 Holdings Corp. (the "Company" or
"Hydro66") (CSE: SIX) is pleased to announce that today it has received the initial advances of USD$1,050,000 and
CDN$300,000 pursuant to a secured convertible loan agreement with certain shareholders and directors of the Company (the "Loan
Agreement"), as previously announced on December 19, 2018.
In connection with the initial advances the Company issued secured convertible promissory notes in favour of each lender (the
"Notes"). The maturity date of the principal amount, interest and any fees under the Notes is seven years from the date of
the initial advances and the rate of interest is 10% per annum. The interest for the initial two (2) years under the Notes shall
not be payable until such time as the principal is repaid in full. For further details on the terms of the Notes please see the
Company's news release dated December 19, 2018.
The Notes issued pursuant to the transaction and any common shares issued on conversion of the Notes will be subject to a
statutory hold period in Canada of four months and one day following the issuance of the Notes in accordance with applicable
securities laws. Additional resale restriction may be applicable under the laws of other jurisdictions.
About Hydro66
Hydro66 owns and operates a colocation data center in Sweden specializing in Enterprise and HPC hosting. The Company hosts third
party IT infrastructure, utilizing 100% green power, at some of the EU's lowest power prices and within an ISO27001 accredited
facility. The Company is continuing to expand its footprint, with plenty room for ongoing expansion at the existing location.
Hydro66 is uniquely positioned to capitalize on opportunities in blockchain infrastructure as well as the traditional Enterprise
colocation data center market. The Company provides truly green power at a leading price, purpose-built space and cooling,
telecoms, IT support services and 24/7 physical security in their facility in Boden, Sweden. Revenues are generated from colocation
data center services to hashrate service companies and traditional Enterprise companies as well as digital currency self-mining
(GPU and/or ASIC). Combining the above provides steady, diversified revenue with strong margins. A flexible and rapid build-out
schedule will allow Hydro66 to rebalance between business lines as market conditions evolve. Hydro66 is run by a team with decades
of technical expertise in data center facility design, construction, operation, sales and marketing and more recently blockchain
infrastructure and hashrate services. Please find us on Facebook, Twitter, LinkedIn, Google+ and Instagram.
For more information please visit: www.hydro66.com
FOR MORE INFORMATION, PLEASE CONTACT:
Paul Morrison
Chief Commercial Officer of Hydro66 UK Limited
Tel: (+44) 7789 915 147
or
Jason Atkinson
Jason.atkinson@hydro66.com
647-938-5266
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this
release.
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward
looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate",
"estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or
conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and
estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For
a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company's
Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances
or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on
forward-looking information.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this
restriction may constitute a violation of U.S. Securities laws.
