The Hash Corporation Announces Closing of Private Placement
Toronto, Ontario--(Newsfile Corp. - March 18, 2021) - The Hash Corporation (the "Company") is pleased to announce that it has completed a non-brokered private placement for gross proceeds of $1,505,000.00 (the "Financing") through the issuance of 15,050,000 common shares ("Shares") of the Company at a price of $0.10 per Share. The Financing closed on March 15, 2021.
First Republic Capital Corporation acted as the lead finder for the Financing. The Company paid a cash commission to eligible finders equal to 6% of the gross proceeds raised, and paid a corporate finance fee equal to an additional 4% of gross proceeds. The Company also issued compensation warrants equal to 6% of the Shares sold under the Financing, and corporate finance warrants equal to 4% of the Shares sold under the Financing, each being exercisable into one (1) Share at a price of $0.10 per Share for a period of 24 months from the date of issuance thereof.
All securities issued in connection with the Financing are subject to a four-month hold period from the date of issuance in accordance with applicable securities laws.
For additional information on The Hash Corporation:
Christopher Savoie, CEO
Phone: (416) 371-3697
Certain statements in this press release may constitute "forward-looking statements" which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements may use such words as "may'', "will'', "expect'', "believe'', "plan'' and other similar terminology. Such statements reflect management's current expectations regarding future events and speak only as of the date of this press release. The forward-looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the Company's stage of development, capital requirements and future ability to fund operations, regulatory requirements, general economic, and market or business conditions. The foregoing list of factors is not exhaustive. The Company undertakes no obligation to update publicly or revise any forward-looking statements, whether a result of new information, future results or otherwise, except as required by law.
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