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COIN Hodl Announces Liquidation of Cryptocurrency Assets

TORONTO, March 25, 2019 (GLOBE NEWSWIRE) -- COIN Hodl Inc. (the "Company") (TSX-V:COIN) announces today that it has liquidated all of its cryptocurrency assets for net proceeds of approximately $1.03mm CAD. The decision was made as a result of the Company's cryptocurrency custodian, Goldmoney Wealth Limited, no longer offering custodial services.

After the sale of the cryptocurrency assets, the Company holds approximately $2.7mm CAD in cash and continues to hold 1.25mm shares of Abbax Technologies Inc. The company is considering investment opportunities in industries and sectors outside of the cryptocurrency and block chain space.

CONTACT INFORMATION

Ben Cubitt CEO
(416) 479-5407
ir@coinhodlinc.com

DISCLAIMER & READER ADVISORY

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the parties' current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to name change, including obtaining necessary regulatory approvals. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the parties. The forward looking information contained in this release is made as of the date hereof and the parties are not obligated to update or revise any forward looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. 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.

 

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