Canada One Initiates Strategic Review Of Assets And Acquisition Opportunities In The Blockchain And Cryptocurrency Sector
Vancouver, December 6, 2017 - Canada One Mining Corp. (the "Company") (TSXV: CONE, FSE: AU31) announces that its board of directors has initiated a strategic review of the Company's existing portfolio of assets in the Province of British Columbia, with a view to reducing carrying costs and consolidating existing mineral assets into a package which can be more easily advanced. In connection with that review, the board of directors also intends to evaluate potential strategic acquisitions for the Company, as well as potential transactions in the blockchain and cryptocurrency sector, to determine whether such transactions are in the interests of shareholders. At present, management of the Company remains committed to the development of the Company's core assets in British Columbia. While a review of potential acquisitions and transactions within the blockchain and cryptocurrency sector is ongoing, there can be no assurance that any transactions within this sector will be consummated or will receive the required regulatory approvals.
For further information, contact Peter Berdusco at 1.877.844.4661.
On behalf of the Board,
Peter Berdusco, President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.
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