Press release -
HYDRO66 (FORMERLY CAZA GOLD) ANNOUNCES COMPLETION OF BUSINESS COMBINATION WITH ARCTIC BLOCKCHAIN LTD.
June 8, 2018 - Toronto, Ontario - Hydro66 Holdings Corp. (the " Company " or " Hydro66 ") (formerly Caza Gold Corp.) is pleased to announce that it has completed the amalgamation transaction (the " Transaction ") with Arctic Blockchain Ltd. (" Arctic "), effective June 8, 2018. In connection with the transaction, Caza Gold Corp. (" Caza ") changed its name to "Hydro66 Holdings Corp." effective June 8, 2018.
After completion of the Transaction, there is an aggregate of 127,000,000 common shares in the capital of Hydro (the “Hydro Shares”) with former securityholders of Arctic holding 125,000,000 Hydro Shares, representing approximately 98.43% of the outstanding Hydro Shares and the original shareholders of Caza holding 2,000,000 Hydro Shares, representing approximately 1.57% of the outstanding Hydro Shares. The Company also has 50,096,000 warrants outstanding and 8,050,000 options outstanding. Further information will be provided in the listing statement that will be filed on the Company’s SEDAR profile once accepted by the Canadian Securities Exchange (“CSE”).
Pursuant to the Transaction, David Rowe (address: c / o Hydro66 UK Limited, 15 Percy Street, London, United Kingdom, W1T 1DS), the Chairman and a Director of the Company, has become the registered holder of 49,915,450 Hydro Shares representing approximately 39.30% of the outstanding Hydro Shares. In addition, Mr. Rowe also holds 12,478,863 common share purchase warrants and 600,000 options and assuming exercises by Mr. Rowe and without taking the exercise in any other warrants or options issued in connection with the Transaction, Mr. Rowe would hold approximately 44.97% of the issued and outstanding Hydro Shares on a partially diluted basis. For the purposes of National Instrument 62-103 early warning reporting, the Hydro Shares were acquired as a result of the Transaction and the common shares are held for the purpose of investing in and for the time being; A copy of the relevant early warning report is filed under the company's profile on SEDAR at www.sedar.com .
Pursuant to the Transaction, Robert Keith (address: c / o Hydro66 UK Limited, 15 Percy Street, London, United Kingdom, W1T 1DS) has become the registered holder of 36,934,254 Hydro Shares representing approximately 29.08% of the outstanding Hydro Shares. In addition, Mr. Keith also holds 9,233,563 common share purchase warrants and assuming exercise of the warrants by Mr. Keith and without taking into account the exercise of any other warrants issued in connection with the transaction, Mr. Keith would hold approximately 33.89% of The issued and outstanding Hydro Shares on a partially diluted basis. For the purposes of National Instrument 62-103 early warning reporting, the Hydro Shares were acquired as a result of the Transaction and the Hydro Shares are for the purpose of investing and the holder may, from time to time, acquire additional securities of the Company or dispose of such securities. A copy of the applicable early warning report is filed under the company's profile on SEDAR at www.sedar.com.
- In connection with the Transaction, the board and management of the company are now as follows:
- David Rowe - Chairman and Director;
- Anne Graf - CEO and Director;
- Juliet Pedrazas - CFO;
- Richard Croft - Director;
- Richard Patricio - Director;
- Michael Hudson - Director; and
- Nick DeMare - Corporate Secretary.
The common shares have been conditionally accepted for listing on the CSE, subject to the satisfaction of customary listing conditions, and the company has reserved the symbol "SIX" and anticipates to trade under this symbol upon listing. The Company intends to submit its final listing package to the CSE.
Further details of the Transaction can be found by reviewing the company's press releases on March 12, 2018 and June 6, 2018.
Hydro66, through its wholly owned subsidiary, is the sole shareholder of Hydro66 UK Limited (" Hydro66 UK "), a company with operations in Boden, Northern Sweden, at an award-winning datacenter company that has been offering since 2014 which offers colocation services to enterprise and cryptocurrency customers. Hydro66 UK has an operating capacity of 11MW with an additional 8MW of capacity under construction. The site has potential capacity and reserved power of 42MW. The site uses 100% hydro-power and innovative building and cooling system.
For more information please visit: www.hydro66.com
FOR MORE INFORMATION, PLEASE CONTACT:
Chief Commercial Officer of Hydro66 UK Limited
Tel: (+44) 7789 915 147
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "Potential", "proposed" and other similar words, or statements "may" or "will" occur. These statements are only predictions. Forward-looking information is provided in the future -looking information. For the description of the company and its affairs, readers should refer to the Company's Management's Discussion and Analysis. The Company undertakes no obligation to update forward-looking information. The reader is cautioned not to place undue reliance on forward-looking information.
Not for distribution to US Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of US securities laws.
Hydro66 helps other forward-thinking companies match their applications with the optimal sustainable hosting environment. Hydro66 provides ultra-efficient, green colocation solutions ideal for cloud computing, HPC and enterprise hosting. Hydro66 offers wholesale and retail capacity in a state-of-the-art datacenter in the north of sweden combining Internet-scale power availability, free-air cooling and unlimited diverse fiber connectivity.
Hydro66 datacenter i floor erbjuder datacenterjärster särskilt anpassade för stora företag, HPC-kluster och molntjänster. Anläggningen drivs av 100% förnybar vattenkraft och ar ett av världens mest effective datacenter.
Hydro66 supports future-oriented companies in their applications with the optimal hosting environment. Hydro66 offer highly efficient, green colocation solutions that are ideal for large customers, cloud computing, systems integrators and HPC. The current data model is outdated and unsustainable. The vast majority of computing and storage power is found at expensive downtown locations with dirty power and unreliable networks. Rising electricity prices and capacity bottlenecks in urban networks aggravate the problem. Meanwhile, telecom prices are falling by around 20% annually. Facebook, Google and Apple have solved this by building oversized Nordic data centers alongside large power grids that are very reliable and 100% green at extremely low electricity prices. Now you can wholesale, Businesses, systems integrators and cloud companies by working with Hydro66 enjoy similar benefits as the Internet giants. For more information, please visit www.hydro66.com