BitZERO Blockchain and 1169032 B.C. LTD. Announce Reverse Takeover Transaction and Financing
Retrieved on:
Friday, July 16, 2021
LTD. (the "Company" or "1169032") are pleased to announce they have entered into a letter of intent (the "LOI") to complete a business combination by way of a transaction that will constitute a reverse takeover of the Company by BitZERO (the "Transaction").
Key Points:
- LTD. (the "Company" or "1169032") are pleased to announce they have entered into a letter of intent (the "LOI") to complete a business combination by way of a transaction that will constitute a reverse takeover of the Company by BitZERO (the "Transaction").
- It is the intention of the parties that the resulting issuer from the Transaction (the "Resulting Issuer") will carry on the current business of BitZERO.
- Founded on an established ESG framework, BitZERO operates exclusively within ecosystems that create a harmonious relationship between science, commerce and the environment.
- BitZERO is committed to adopting the latest technological advancements towards the alignment of sustainable energy resources and global wealth creation," said Mohammed Bakhashwain, President of BitZERO.