VANCOUVER, British Columbia, Dec. 22, 2017 (GLOBE NEWSWIRE) -- Cascadia Consumer Electronics Corp. (“Cascadia” or
the “Company”) (CSE:CK) advises that it has received a notice from the Canadian Securities Exchange (the “CSE”) that its proposed
transition to a blockchain/cryptocurrency company constitutes a fundamental change under CSE Policy 8 and the resulting issuer must
qualify for listing under CSE Policy 2. While the Company obtained shareholders’ approval for the proposed change of
business, it did not have its information circular reviewed by the CSE and accordingly, the Company’s fundamental change has not
been approved by the CSE.
The Company currently is not “a blockchain technology platform developer in the digital asset and cryptocurrency
sector” until its application to re-qualify for listing the securities of resulting issuer has been approved by the CSE. The
Company intends to file a listing statement with the CSE shortly to obtain approval of the CSE for the proposed fundamental
change.
Cascadia is halted and will remain halted until the re-qualification process is completed.
About Cascadia
Listed on the Canadian Securities Exchange (CSE:CK) and headquartered in Vancouver, BC, Cascadia is a
technology company operating from both Vancouver, Canada and Beijing, China.
For further information, please contact:
Cascadia Consumer Electronics Corp.
Garry Wong
Chief Financial Officer
info@cascadiacorp.com
www.cascadiacorp.com
The CSE does not accept responsibility for the adequacy or accuracy of this release.
