Stockwatch

iMining Technologies Inc (2)
Symbol	IMIN
Shares Issued	47,110,127
Close 2022-12-01	C$ 0.085
Market Cap	C$ 4,004,361
Recent Sedar+ Documents

iMining receives CTO from BCSC

2022-12-06 14:40 ET - News Release

Calderon Subject: IMIN - News Release - Dec 6 Word Document File: '\\office\emailin\20221206 113318 Attachment 2022-12-06 - IMIN News Release - CTO - FINAL.docx' iMining Blockchain and Cryptocurrency Inc. Suite 750 - 580 Hornby Street, Box 113, Vancouver, British Columbia,.com iMining Technologies Inc. Suite 750 - 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6 Telephone: (604) 602-4935 Fax: (604) 602-4936 www.iMining.com December 6, 2022 Trading Symbol: IMIN News Release iMining Announces Issuance of Cease Trade Order by the British Columbia Securities Commission Vancouver, British Columbia - iMining Technologies Inc. (the "Company" or "iMining") (TSXV: IMIN) discloses the issuance of a cease trade order ("CTO") by the British Columbia Securities Commission ("BCSC") under National Instrument 51-102 - Continuous Disclosure Obligations effective December 2nd, 2022, as a result of the Company not having filed its audited annual financial statements, accompanying management's discussion and analysis and certifications for the financial year ended May 31, 2022 and the corresponding interim financial statements, management's discussion and analysis and certifications for the period ended August 31, 2022 (together, the "Required Filings"). As previously announced, the Company has experienced unexpected delays in consolidating financial information and accounting for its acquisition of BitBit Financial and the recent launch Metaverse Advisory Group focusing on its Web3.0 operations, under IFRS standards. However, the Company is actively and expeditiously working with its auditors to make the Required Filings. The Cease Trade Order prohibits the trading or purchase by any person or company of any securities of IMIN in each jurisdiction in Canada in which the Company is a reporting issuer, for as long as the CTO remains in effect; however, the CTO provides an exception for beneficial securityholders of the Company who are not currently (and who were not as of December 2, 2022) insiders or control persons of the Company may sell securities of the Company if both of the following criteria are met: (i) the sale is made through a "foreign organized regulated market", as defined in section 1.1 of the Universal Market Integrity Rules of the Investment Industry Regulatory Organization of Canada and (ii) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. The CTO revokes the management cease trade order previously issued by the BCSC and will remain in place until such time as the Required Filings have been filed, following which the Company expects that the BCSC will revoke the Cease Trade Order. The Company also confirms, as of the date of this news release, that there is no other material information concerning the affairs of the Company that has not been generally disclosed. About iMining Technologies Inc. iMining is a publicly traded company that invests in energy infrastructure, blockchain technology and Web3.0 ecosystem. It is developing sustainable energy and technology solutions for Data Center operations. With diverse investment and infrastructure solutions, iMining looks to be an Energy first company enabling the growth of future technologies and is committed to building a sustainable and environmentally friendly Energy company of the future. To learn more about iMining Technologies, visit www.imining.com. ON BEHALF OF THE BOARD Signed "Khurram Shroff" Khurram Shroff, President & CEO FOR FURTHER INFORMATION, please contact: iMining Corporate Offices: Saleem Moosa, Director Email: investor@imining.com Telephone: +1 (844) IMININC (464-6462) Neither the 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. Forward-Looking Statements This news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management's current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law. PDF Document File: Attachment 2022-12-06 - IMIN News Release - CTO - FINAL.pdf December 6, 2022 Trading Symbol: IMIN News Release iMining Announces Issuance of Cease Trade Order by the British Columbia Securities Commission Vancouver, British Columbia - iMining Technologies Inc. (the "Company" or "iMining") (TSXV: IMIN) discloses the issuance of a cease trade order ("CTO") by the British Columbia Securities Commission ("BCSC") under National Instrument 51-102 Continuous Disclosure Obligations effective December 2nd, 2022, as a result of the Company not having filed its audited annual financial statements, accompanying management's discussion and analysis and certifications for the financial year ended May 31, 2022 and the corresponding interim financial statements, management's discussion and analysis and certifications for the period ended August 31, 2022 (together, the "Required Filings"). As previously announced, the Company has experienced unexpected delays in consolidating financial information and accounting for its acquisition of BitBit Financial and the recent launch Metaverse Advisory Group focusing on its Web3.0 operations, under IFRS standards. However, the Company is actively and expeditiously working with its auditors to make the Required Filings. The Cease Trade Order prohibits the trading or purchase by any person or company of any securities of IMIN in each jurisdiction in Canada in which the Company is a reporting issuer, for as long as the CTO remains in effect; however, the CTO provides an exception for beneficial securityholders of the Company who are not currently (and who were not as of December 2, 2022) insiders or control persons of the Company may sell securities of the Company if both of the following criteria are met: (i) the sale is made through a "foreign organized regulated market", as defined in section 1.1 of the Universal Market Integrity Rules of the Investment Industry Regulatory Organization of Canada and (ii) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. The CTO revokes the management cease trade order previously issued by the BCSC and will remain in place until such time as the Required Filings have been filed, following which the Company expects that the BCSC will revoke the Cease Trade Order. The Company also confirms, as of the date of this news release, that there is no other material information concerning the affairs of the Company that has not been generally disclosed. iMining Technologies Inc. Suite 750 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6 Telephone: (604) 602-4935 Fax: (604) 602-4936 www.iMining.com About iMining Technologies Inc. iMining is a publicly traded company that invests in energy infrastructure, blockchain technology and Web3.0 ecosystem. It is developing sustainable energy and technology solutions for Data Center operations. With diverse investment and infrastructure solutions, iMining looks to be an Energy first company enabling the growth of future technologies and is committed to building a sustainable and environmentally friendly Energy company of the future. To learn more about iMining Technologies, visit www.imining.com. ON BEHALF OF THE BOARD Signed "Khurram Shroff" Khurram Shroff, President & CEO FOR FURTHER INFORMATION, please contact: iMining Corporate Offices: Saleem Moosa, Director Email: investor@imining.com Telephone: +1 (844) IMININC (464-6462) Neither the 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. Forward-Looking Statements This news release contains certain forward-looking statements, which relate to future events or future performance, and reflect management's current expectations and assumptions, and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of activities, future cryptocurrency prices, operating risks, and other risks in the cryptocurrency industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law. iMining Blockchain and Cryptocurrency Inc. Suite 750 580 Hornby Street, Box 113, Vancouver, British Columbia,.com