COIN Hodl Announces Sale of Del Carmen Royalty
COIN Hodl Announces Sale of Del Carmen Royalty
TORONTO, March 31, 2021 (GLOBE NEWSWIRE) — COIN Hodl Inc. (TSXV: COIN) (“COIN” or the “Company”) announces that further to its press release dated February 18, 2021 it has completed the transaction with Metalla Royalty & Streaming Ltd. to sell the Company’s royalty interest (the “Royalty”) on certain mining concessions located in the Province of San Juan, Argentina (the “Del Carmen Project”), for cash consideration of C$1,600,000.
The Royalty is a 0.5% net smelter returns royalty in respect of products mined from the Del Carmen Project which was granted to COIN under a royalty agreement with Minera Del Carmen S.A., dated April 6, 2015.
No finder’s fees are payable in connection with the sale of the Royalty.
Trading in COIN Common Shares
Trading in common shares of COIN on the Exchange has been halted in compliance with the policies of the TSX Venture Exchange (the “Exchange”) in connection with the Company’s proposed reverse takeover transaction (the “Transaction”) with Tokens.com Inc. It is likely that trading in common shares of COIN will not resume prior to closing of the Transaction.
Completion of the Transaction is subject to a number of conditions, and, if applicable, disinterested shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of COIN should be considered highly speculative.
The Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release.
For further information, please contact:
|COIN Hodl Inc.
Chief Executive Officer
Telephone: (416) 479-5407
Andrew Kiguel, Chief Executive Officer
Megan Stangl – Talk Shop Media
Neither 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.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of historical fact are forward-looking statements, and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often using phrases such as “expects”, “anticipates”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends”, or variations of such words and phrases, or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved, are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the terms and conditions of the proposed Transaction and sale of the Royalty. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include: general business, economic, competitive, political and social uncertainties; delay or failure to receive any necessary board, shareholder or regulatory approvals; that factors may occur which impede or prevent Tokens’ future business plans; and other factors beyond the control of COIN and Tokens. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. The terms and conditions of the Transaction may change based on the receipt of tax, corporate and securities law advice for each of the parties. Except as required by law, COIN and Tokens assume no obligation to update the forward-looking statements, whether they change as a result of new information, future events or otherwise, except as required by law.