BitRush Corp. Successful in Jurisdiction Motion
Toronto, Ontario (FSCwire) - The Special Committee of the board of directors
of BitRush Corp. (CSE:BRH, Frankfurt:0XSN) ("BRH", “BitRush” or the "Company")
is providing the following update to shareholders.
On June 12, 2017, the Ontario Superior Court of Justice issued a decision dismissing the motion by Werner Boehm,
Alfred Dobias and Elfriede Sixt contesting the jurisdiction of the Court to hear the application (which is the subject of prior
press releases) commenced by the Company and its remaining directors. Mr. Boehm, Mr. Dobias, and Ms. Sixt had argued that
the proper forum for the case was Austria, notwithstanding that BitRush is an Ontario corporation listed on the Canadian Stock
Exchange.
The Company will provide a further update when a decision is rendered in the Application itself. Mr. Boehm, Mr.
Dobias, MezzaCap Investments Ltd., and Ms. Sixt chose not to respond to the Application, citing the jurisdictional concerns now
determined by the Court in BitRush’s favour.
FORWARD LOOKING INFORMATION
This press release is for informational purposes only and is not an offer to buy or the solicitation of an
offer to sell any securities in any jurisdiction.
This press release contains certain “forward-looking information”. All statements, other than statements of
historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may
occur in the future (including, without limitation, statements relating to the intention of the Company to update its continuous
disclosure record) constitute forward-looking information.
This forward-looking information reflects the current expectations or beliefs of the Company based on information
currently available to the Company as well as certain assumptions including, the ability of the Company having the financial
means and necessary information (financial and otherwise) to update and complete its continuous disclosure record.
Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the
actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such
actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences
to, or effects on the Company. Factors that could cause actual results or events to differ materially from current
expectations, include, but are not limited to, the inability of the Company to receive the financial information it is
seeking.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as
a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent
in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and
accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
On behalf of the Special Committee,
Karsten Arend
President, Director
For further information, contact Karsten Arend at (416) 847-1831 or info@bitrush.com.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/BitRush06142017.pdf
Source: BitRush Corp. (CSE:BRH)
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