Vancouver, British Columbia – iMining Blockchain and Cryptocurrency Inc. (TSXV: IMIN) (the "Company" or "iMining") reports that it has been granted an extension to the closing date of the non-brokered financing it announced on June 26, 2019. The financing proposes to raise up to $2,500,000 by way of convertible debentures (the "Debenture"), bearing interest at 5.0% per annum, calculated annually maturing 24 months from the date of issue. At maturity, any portion of the Debenture remaining unpaid must be converted into units of iMining priced at $0.10 per Unit, each Unit comprised of one common share and one warrant. Each Warrant is exercisable for a period of two years from the date of issue and will entitle the holder to purchase one common share of iMining at $0.14 per share.
The closing date has been extended to accommodate recent interest from U.S. investors.
A finder's fee may be payable on this transaction.
The transaction is subject to regulatory approvals.
ON BEHALF OF THE BOARD
iMining Blockchain and Cryptocurrency Inc.
Signed "Robert Eadie"
Robert Eadie, President & Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
Telephone: 1-604-602-4935 Facsimile: 1-604-602-4936
Contact: Robert Eadie
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.