Darkhorse Technologies Announces the Execution of a Letter of Intent to Divest Investment in a Joint Venture

Darkhorse enters a non-binding letter of intent with a Canadian Resulting Issuer, the Company is aiming to divest its 50% shareholding in the Joint Venture company.

August 10, 2022 12:08 PM EDT | Source: Darkhorse Technologies Ltd.

Montreal, Quebec--(Newsfile Corp. - August 10, 2022) - Darkhorse Technologies Ltd. (the "Company" and/or "Darkhorse") under continuous disclosure regulation 51-102 announces the signing of a non-binding letter of intent to divest its interest in a joint venture company for both cash and share consideration. The transaction value for the Joint Venture is $10,150,000 and is subject to a due diligence period and certain conditions that we anticipate will conclude in approximately 4 - 8 weeks.

About Darkhorse Technologies Ltd: Darkhorse Technologies Limited is a Business to Business (B2B) FinTech Group. The Company has established itself as a market leading service provider to the multibillion-dollar digital asset industry. Using sophisticated technology, we have bridged the commercialisation gap between cryptocurrency and traditional payment channels. By uniting these billion-dollar industries Darkhorse is now monetizing a highly scalable diversified digital asset business. Darkhorse is incorporated in Canada and has multiple business partners that operate and span five continents.

IR Manager
Darkhorse Technologies Ltd
Investor enquiries - corporateservices@darkhorsetek.com

Forward-Looking Statements

Certain matters discussed within this press release are forward-looking statements including, but not limited to the timing and ability to enter into any additional acquisitions and expand our business, as well as the size of future revenue or trading volume or future access to capital markets. Although Darkhorse Technologies Ltd believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Darkhorse Technologies Ltd does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions, our ability to access the capital markets on terms acceptable to us, or at all, our ability to comply with our contractual covenants, including in respect of our debt and other risks detailed from time to time in Darkhorse Technologies Ltd reports filed on SEDAR.


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