Le Lézard
Classified in: Science and technology, Business
Subjects: AVO, SHA

Institutional Shareholder Services Inc. Recommends That Netcoins Shareholders Vote For the Proposed Transaction With BIG Blockchain Intelligence Group

VANCOUVER, July 15, 2019 /CNW/ - Netcoins Holdings Inc. ("Netcoins" or the "Company") (CSE: NETC) is pleased to announce that Institutional Shareholder Services Inc. ("ISS"), an independent proxy advisory firm, has recommended that the Company's shareholders (the "Shareholders") vote FOR the proposed transaction for BIG Blockchain Intelligence Group's ("BIG") (CSE: BIGG; OTC: BBKCF; WKN: A2JSKG) wholly-owned subsidiary 1208810 B.C Ltd., to purchase the shares of Netcoins Inc., NTC Holdings Corp. and NTC Holdings USA Corp. (collectively the "Subsidiaries") for a purchase price of $3,000,000 (the "Transaction"). The purchase price is payable to Netcoins in common shares in the capital of BIG (the "BIG Shares") at an issue price of $0.08 per BIG Share for an aggregate issuance of 37,500,000 BIG shares. ISS also recommended that shareholders vote FOR a resolution to approve the distribution of all the BIG shares to Shareholders (the "Distribution").

Netcoins Annual General and Special Meeting of Shareholders
Netcoins' annual general and special meeting of Shareholders is scheduled for 10:00 a.m. (Vancouver time) on Wednesday, July 24, 2019 at Suite 1500 ? 1055 West Georgia Street, Vancouver, BC, V6E 4N7. The Company's information circular (the "Circular") has been mailed to Shareholders to provide them with more information about both companies and the proposed Transaction.

ISS' Commentary of the Transaction
In reaching its conclusion that Shareholders vote FOR the Transaction and the related Distribution, ISS noted that:

"The sale of company assets appears to make sense. It allows the Company to focus on the acquisition of new assets that would better deliver value to the Shareholders, while ensuring that Shareholders continue to have interest in the current business of the Company by virtue of holding BIG Shares after the proposed Distribution. Shareholders would continue to have liquidity for their investment and in accordance with the findings in the Fairness Opinion, the Company would be receiving consideration in the amount of $3 million for the assets being transferred to BIG, which represents a premium over the value of the assets and is fair from a financial point of view."

Board Recommendation
Netcoins' Holdings board of directors believes that it is in the best interests of the company to sell the Subsidiaries and pursue new assets and a new business. Netcoins Holdings' board of directors unanimously recommends that Shareholders vote FOR the Transaction and the Distribution.

Your vote is important regardless of the number of shares you own. Netcoins encourages Shareholders to read the Circular in detail and vote prior to the proxy voting deadline at 10:00 a.m. (Vancouver time) on Monday July 22, 2019. An electronic copy of the Circular is available on the Company's website at https://www.gonetcoins.com/bigg/ and on SEDAR, under the Company's profile at www.sedar.com.

Shareholders who have questions about the transaction or need assistance with voting their shares can contact Netcoins' strategic advisory and proxy solicitation agent, Laurel Hill Advisory Group at 1-877-452-7184 (toll-free in North America) or at 416-304-0211 (collect call for shareholders outside North America) or by email at assistance@laurelhill.com

About Netcoins Holdings
The Company is in the business of developing software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor through brokerage services.

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.

SOURCE Netcoins Holdings Inc.

These press releases may also interest you

at 12:35
Firan Technology Group Corporation today announced financial results for the first quarter 2020. Ended Q1 2020 with over $51M in total backlog.  Of this, over $30M is due in Q2 2020Generated $3.5M in cash in Q1 and ended the quarter with $5.2M in...

at 12:32
10 million people applied for unemployment benefits in the last two weeks of March after being let-go by business shutdowns due the coronavirus pandemic. The numbers are expecting to keep surging, with some economists predicting the loss of 20...

at 12:30
Today, global branded payments provider Blackhawk Network announced that it has completed its acquisition of SVM Cards, a provider of physical and digital open- and closed-loop prepaid cards. The acquisition broadens Blackhawk's prepaid and gift card...

at 12:25
Gordon Brothers, the global advisory, restructuring, and investment firm, announced today the appointment of Laurence Sax as Chief Operating Officer.  As COO, Sax will lead Gordon Brothers' finance, accounting, treasury, financial planning,...

at 12:16
Levelset is offering a promotion that allows construction businesses to file a lien for $199 with a coupon code. This price will only be available for a limited time. Any contractor or construction business who needs to collect payment can enter...

at 12:15
With continued growth in the pipeline, GrowHealthy moves towards two-pronged expansion in Northwest Florida, with the openings of the brand's first retail locations in Tallahassee and Pensacola. These dispensaries will allow patients within Florida's...

News published on 15 july 2019 at 09:00 and distributed by: