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BitRush Corp

Exchange: Canadian Securities Exchange (CNSX) | May 27, 2019, 5:50 AM EDT

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BitRush Corp. Obtains Court Order Directing Valuation




BitRush Corp. Obtains Court Order Directing Valuation

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Toronto, Ontario (FSCwire) - The Special Committee of the board of directors of BitRush Corp. (CSE:BRH, Frankfurt:0XSN) ("BRH", “BitRush” or the "Company") is providing the following update to shareholders.

 

On January 5, 2018, the Ontario Superior Court (Commercial List) (the “Court”) directed the respondents in the Application commenced by the Company and the Special Committee bearing court number CV-16-11653-00CL, to provide the Court with expert evidence with respect to the value of BitRush shares as at November 14, 2017. This evidence will assist the Court in determining whether an order should be made for the Company to purchase the BitRush shares held by the respondent MezzaCap Investments Inc., and if so, at what price.

 

The parties are due to appear before the Court on February 14, 2018.  A further update will be provided at that time.

 

On behalf of the Special Committee,

 

Karsten Arend

President, Director

 

For further information, contact Karsten Arend at (416) 847-1831 or info@bitrush.com.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/BitRush01092018.pdf

Source: BitRush Corp. (CSE:BRH)

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