RE:RE:RE:RE:RE:BITK - how do we evaluate?
Africa Hydrocarbons name change to BlockchainK2
2018-05-28 16:29 ET - Change Name
Also Change Name (C-BITK) BlockchainK2 Corp
The TSX Venture Exchange has accepted for filing Africa Hydrocarbons Inc.'s change of business from an oil and gas issuer to a technology issuer resulting from the arm's-length acquisition of cryptocurrency mining equipment for consideration of at least $2.25-million in cash.
Pursuant to a resolution passed by shareholders on Jan. 4, 2018, the company has changed its name to BlockchainK2 Corp. There is no consolidation of capital.
The company has met the requirements to be listed as a TSX Venture Exchange Tier 2 company. Therefore, effective on Wednesday, May 30, 2018, the company's listing will transfer from the NEX to the TSX-V, the company's tier classification will change from the NEX to Tier 2, and the filing and service office will change from the NEX to Calgary. Trading in the shares of the company will be immediately halted pending receipt of acceptable documentation regarding the change of business listing pursuant to TSX Venture Exchange Policy 5.2.
Effective at the opening on Wednesday, May 30, 2018, the common shares of BlockchainK2 will commence trading on the TSX Venture Exchange, and the common shares of Africa Hydrocarbons will be delisted.
Capitalization: unlimited shares with no par value of which 15,901,625 shares are issued and outstanding
Escrowed: 1,798,750 shares 1,881,943 stock options 820,000 warrants
Escrow term: three years
Transfer agent: Computershare Trust Company of Canada
New symbol: BITK
New Cusip No.: 09369M 10 7
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