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Vancouver, British Columbia–(Newsfile Corp. – December 06, 2022) – Global Care Capital Inc. (CSE: HLTH)(FSE: L6V2) (“Company“or”Global Care“) a global investment firm engaged in early stage investment opportunities in private and public companies, is pleased to announce, in a follow-up to its press release dated November 29, 2022, that it has now completed the acquisition of (“Transaction“) of all issued and outstanding securities in the capital of MK Highway Corp. (“MK Highway“) in accordance with the terms and conditions of the share purchase agreement dated November 29, 2022 (“Agreement on the purchase and sale of shares“) between the Company, MK Highway and the shareholders of MK Highway (“Shareholders of MK Highway“).
MK Highway has an option to acquire 100% of shares in Lavrium LLC (“Lavrium“), a Delaware limited liability company, pursuant to the terms and conditions of the option agreement, as amended, (“Changed Optional Agreement“) among MK Highway, Lavrium and Lavrium members (“Lavrium Members“).
In connection with the closing of the Transaction and in accordance with the terms of the Share Purchase Agreement and on the closing date, Global Care issued to the shareholders of MK Highway an aggregate of 216,000,000 shares of Global Care common stock (“Consideration Shares“) at an assumed price of $0.05 per share for consideration and an aggregate of 108,000,000 warrants to purchase common stock (“Order for consideration“). Each Consideration Warrant entitles its holder to acquire one Global Care common share at a price equal to $0.05 for a period of 24 months from the date of issuance. There is no hold period for Charge Shares or Charge Warrants pursuant to applicable securities laws.
The transaction is an arm’s length transaction and no change in management or the Board of Directors of Global Care is contemplated at this time. The Company plans to exercise the option in accordance with the terms of the amended option agreement to acquire 100% of Lavrium.
About MK Highway Corp.
MK Highway Corp. (“MKHC“) is a digital asset company. MKHC’s business focuses on digital asset mining, with complete infrastructure and a demonstrated history of profitable Bitcoin mining strategies. MKHC’s profitable Bitcoin mining rests on an architecture that includes cost-effective miner procurement, competitive hosting and electricity tariffs , digital asset vault management, and fiat on-and-off-ramps—the combination of which makes MKHC a complete framework for mining Bitcoin (or any digital asset based on the SHA-256 algorithm).
About Lavrium LLC
Lavrium LLC (“Lavrium”) is a Bitcoin-focused technology company that was founded in April 2021. Since that date, Lavrium has built a state-of-the-art mining operation for the digital asset. It is located primarily in Nebraska, USA. Lavrium focuses on efficient Bitcoin mining by combining modern ASIC hardware with highly competitive electricity tariff contracts.
About Global Care Capital Inc.
Global Care Capital is a global investment company that specializes in providing early stage financing to private and public companies. The Company engages in new early-stage investment opportunities in previously underdeveloped assets and obtains positions in early-stage investment opportunities that appropriately reflect the risk profile.
GLOBAL CARE CAPITAL INC.:
Company contact:
Mr. Hugh Maddin, Interim CEO
604-687-2038
[email protected]
CSE accepts no responsibility for the adequacy or accuracy of this publication.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of any securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful, including any of the securities in United States. The Securities have not been and will not be registered under the United States Securities Act of 1933, as amended (“Law from 1933“) or any state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as defined in Regulation S under the 1933 Act) unless registered in pursuant to the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
Forward-Looking Information: This press release includes certain statements that may be considered “forward-looking statements.” The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identifies forward-looking statements. Although the Company believes that the expectations and assumptions underlying the forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements, as the Company can give no assurance that they will prove to be correct. Because forward-looking statements relate to future events and conditions, by their nature they involve inherent risks and uncertainties. These statements speak only as of the date of this Announcement. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including the various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile at www.sedar.com.
NOT FOR ACCESS TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES
To view the original version of this press release, visit https://www.nevsfilecorp.com/release/147070
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