News out VANCOUVER, BC / ACCESSWIRE / January 27, 2021 / HIVE Blockchain Technologies Ltd. (TSXV:HIVE)(FSE:HBF) (the "Company" or "HIVE") is pleased to announce that it has filed today a final base shelf prospectus (the "Shelf Prospectus") with the securities regulatory authorities in each of the provinces and territories of Canada.
The Shelf Prospectus will be valid for a 25-month period, during which time the Company may issue common shares, warrants, subscription receipts, units, debt securities, and share purchase contracts (the "Securities") in amounts at prices and on terms based on market conditions at the time of sale and set forth in an accompanying prospectus supplement ("Prospectus Supplement"), having an aggregate offering amount of up to US$100 million.
Unless otherwise specified in a Prospectus Supplement, the net proceeds from the sale of Securities may be used for general corporate and working capital requirements, funding ongoing operations, to repay indebtedness outstanding from time to time, to complete future acquisitions, or for other corporate purposes. Each Prospectus Supplement will contain specific information concerning the use of proceeds from that sale of Securities. There is no certainty that any Securities will be offered or sold under the Shelf Prospectus within the 25-month period.
HIVE also announces that it has filed amended and restated interim consolidated financial statements for the three and six months ended September 30, 2020 along with a corresponding restated management discussion and analysis. The restatements were made as the result of management's review of the financial statements during the course of preparing to file the Company's Shelf Prospectus, and only affect prior year comparative figures.
This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction where the offer, sale or solicitation would be unlawful. The Securities referred to in this news release may not be offered or sold in the United States absent registration or an applicable exemption from registration.
A copy of the final base shelf prospectus can be found on the Company's SEDAR profile at www.sedar.com.