【you are likely to be eaten by a grue】Hydro66 Announces Additional Advance Under Convertible Loan
Toronto,you are likely to be eaten by a grue Ontario--(Newsfile Corp. - June 2, 2020) - Hydro66 Holdings Corp. (CSE: SIX) (the "
Company
" or "
Hydro66
") announces that today it has requested and received additional advances of USD$172,000 and CDN$128,000 pursuant to a secured convertible loan agreement with certain shareholders and directors of the Company dated March 31, 2020 (the "
Loan Agreement
").
In connection with the initial advances made pursuant to the Loan Agreement the Company issued secured convertible promissory notes in favour of each lender (the "
Notes
"). The maturity date of the principal amount, interest and any fees under the Notes is seven (7) years from the date of the initial advances and the rate of interest is 10% per annum. The interest for the initial two (2) years under the Notes shall not be payable until such time as the principal is repaid in full. For further details on the terms of the Notes please see the Company's news release dated March 31, 2020.
The Company will use the proceeds from the advances for working capital purposes.
About Hydro66
Hydro66 owns and operates an award-winning colocation data centre in Sweden specializing in High Performance Computing ("HPC") hosting. The Company hosts third party IT infrastructure, utilizing 100% green power, at amongst the EU's lowest power prices and within an ISO27001 accredited facility.
Hydro66 is uniquely positioned to capitalize on opportunities in blockchain infrastructure as well as the traditional Enterprise colocation data centre market. The Company provides truly green power at a leading price, purpose-built space and cooling, telecoms, IT support services and 24/7 physical security in their facility in Boden, Sweden.
For more information please visit:
www.hydro66.com
FOR MORE INFORMATION, PLEASE CONTACT:
Paul Morrison
Chief Commercial Officer of Hydro66 UK Limited
(+44) 7789 915 147
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at
www.sedar.com
. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
Story continues
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/57106
View comments
下一篇:Russia's Ozon wants dual listing in Moscow and U.S. -sources
相关文章:
- HealthEquity (HQY) Lags Q1 Earnings and Revenue Estimates
- BRIEF-Jinhui Holdings Co Says Unit To Dispose Vessel To Poseidon Global Shipping Pte For $7.4 Mln
- Netflix Is Said to Nab Activision CFO in New Year’s Eve Switch
- GM and Sao Paulo in talks to invest 9 billion reais for tax breaks - report
- Americans have a mix of concern and hope about the economy
- BRIEF-Polyfair Holdings Sees Net Loss Of About HK$0.9 Mln For Nine Months
- ‘Oprah With Meghan And Harry’: First Promos Tease “Shocking Things” In CBS Interview
- What Investors Should Know About Cpl Resources plc’s (ISE:DQ5) Financial Strength
- George Floyd protests recall earlier tensions, promises of economic change
- Sri Lanka to halve maximum foreign holding limit in government securities
相关推荐:
- ValOre Initiates Multi-faceted Optimization Testwork at Pedra Branca and Receives Preliminary Platsol™ Metallurgical Recoveries of 93.4% for Palladium and 95.3% for Platinum
- Want Want China Holdings Limited (HKG:151) Earns A Nice Return On Capital Employed
- Suspicion Canceled by Apple TV+ After One Season
- What's the Best Cheap Used Convertible You Can Buy?
- CORRECTED-Fed's Evans says U.S. should support workers who lose pay if coronavirus worsens
- Fed policy turn not good news for Trump as risks mount
- Burt Jenner Announces His Girlfriend Is Pregnant: 'So Happy I Can't See Straight'
- Divorce Client's Legal Mal Claims Against Manhattan Law Firm Fail
- CLNY Investor Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Colony Capital, Inc. and Encourages Investors to Contact the Firm
- Nexans : Information on share capital and voting rights - DECEMBER 2018
- Upstate New York could be getting a Soho House
- Accel Entertainment Inc - Ordinary Shares - Class A1 to Host Earnings Call
- Imagine Owning ImmunoPrecise Antibodies (CVE:IPA) And Wondering If The 44% Share Price Slide Is Justified
- A Look At The Fair Value Of Leidos Holdings, Inc. (NYSE:LDOS)
- SHAREHOLDER ALERT: PTLA GERN AAN: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
- Italy opens borders ahead of neighbors, beckoning tourists
- EUR/USD Price Forecast – Euro Pulls Back And Recognizes Gravity Again
- XFC to Live Stream Inaugural Try-Outs in Michigan on Sept 12 Live on Location at Team SFS-Scorpion Fighting System
- Morocco to suspend all travel to and from Italy amid coronavirus fears
- Apple's New Deal With Amazon Prime Video Is a Game Changer
- https://telegra.ph/Besra-Disputing-Vietnam-General-Department-of-Customs-Tax-Claim-10-01
- https://telegra.ph/Kourtney-Kardashian-Reveals-Her-Babys-Name-10-01
- https://telegra.ph/Telefonica-TEF-Posts-Q4-Earnings-Revenues-Lag-Estimate-10-01
- https://telegra.ph/Is-General-Motors-an-Incredible-Value-Stock-3-Reasons-Why-GM-Will-Be-Tough-to-Beat-10-01
- https://telegra.ph/European-shares-rebound-after-two-day-slide-autos-lead-10-01
- https://telegra.ph/TASER-International-TASR-Crumbles-Stock-Falls-by-73-10-01
- https://telegra.ph/Euro-falls-as-Greece-votes-No-to-bailout-package-10-01
- https://telegra.ph/What-to-Watch-on-Wednesday-Best-Room-Wins-and-The-Act-finale-on-Hulu-10-01
- https://telegra.ph/Bear-of-the-Day-Advance-Auto-Parts-AAP-10-01
- https://telegra.ph/Worried-About-Student-Loans-A-New-Repayment-Plan-May-Help-10-01