Netcoins Shareholders Voluntarily Lock-Up Over 24 Million Shares
29 3월 2018 - 2:54AM
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION
TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED
STATES
GAR Limited d/b/a Netcoins
(“
Netcoins” or the "
Company")
(CSE:NETC) is pleased to announce that the Company has entered into
Voluntary Common Share Pooling Agreements (the
“
Agreements”) with various shareholders of the
Company to restrict the resale of over 24 million shares
(collectively the “
Lock-Up Securities”),
representing approximately 21% of the Company’s total issued and
outstanding shares.
The Lock-Up Securities will be released under
the terms of the Agreement as follows:
- 33 1/3% of the Common shares on the date which is six months
from after the effective date of the Agreement;
- 33 1/3% of the Common shares on the date which is nine months
from after the effective date of the Agreement; and
- 33 1/3% of the Common shares on the date which is twelve months
from after the effective date of the Agreement.
Mark Binns, President & CEO states, “The
significant voluntary share lock-up demonstrates a tremendous
amount of support and belief in the Company by our key shareholder
group. Given the current volatility being experienced in the
cryptocurrency space, the lock-up will allow Netcoins to build our
shareholder base as a newly listed public company and time to
execute on our business and growth plans.”
About the Company
The Company is in the business of developing
software to better facilitate the purchase and sale of bitcoin for
end-users. Netcoins enables the sale of bitcoin through its
software at retail outlets, through individual agents and directly
to clients purchasing in large quantities.
ON BEHALF OF THE BOARD OF DIRECTORS
“Mark Binns”
Mark BinnsCEO and Director
For Investor Relations Inquiries please contact Skanderbeg
Capital Advisors at 604 687 7130 or
email mario@skanderbegcapital.com
The CSE does not accept responsibility
for the adequacy or accuracy of this release.
Cautionary Statement Regarding
“Forward-Looking” Information
This information release contains certain
forward-looking information. Such information involves known and
unknown risks, uncertainties and other factors that may cause
actual results, performance or achievements to be materially
different from those implied by statements herein, and therefore
these statements should not be read as guarantees of future
performance or results. All forward-looking statements are based on
the Company's current beliefs as well as assumptions made by and
information currently available to it as well as other factors.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Due to risks and uncertainties, including the risks
and uncertainties identified by the Company in its public
securities filings, actual events may differ materially from
current expectations. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
Net Servicos de Comunicacao S.A. ADS Each Representing One Preferred Share (MM) (NASDAQ:NETC)
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Net Servicos de Comunicacao S.A. ADS Each Representing One Preferred Share (MM) (NASDAQ:NETC)
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