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Apolo Acquisition Announces Conditional Approval and Filing of Filing Statement for Its Qualifying Transaction
Jan. 18, 2018 09:16AM PST
Blockchain InvestingApolo Acquisition (TSXV:ACAP) has announced that the TSX Venture Exchange has accepted its proposed qualifying transaction with CryptoGlobal which will result in a reverse takeover of Apolo by the shareholders of CryptoGlobal. As quoted in the press release: A Filing Statement in respect of the Transaction has been prepared in accordance with the requirements of …
Apolo Acquisition (TSXV:ACAP) has announced that the TSX Venture Exchange has accepted its proposed qualifying transaction with CryptoGlobal which will result in a reverse takeover of Apolo by the shareholders of CryptoGlobal.
As quoted in the press release:
A Filing Statement in respect of the Transaction has been prepared in accordance with the requirements of the TSXV and has been filed under Apolo’s issuer profile on SEDAR at www.sedar.com. Closing of the proposed Transaction is expected to occur on or about January 25, 2018 and it is anticipated that the common shares of the resulting issuer company on completion of the Transaction will commence trading on the TSXV under the ticker symbol “CPTO” on or about January 29, 2018, subject to the TSXV providing final approval for the Transaction.
CryptoGlobal operates in the distributed ledger technology space, utilizing specialized equipment to solve complex computational problems to validate transactions on the blockchain (a process known as “mining”), receiving digital or virtual currencies, including Bitcoin, Ethereum, Litecoin and Dash, in exchange for this service. CryptoGlobal’s office and equipment are currently all located in the Province of Ontario.
Reference is also made to Apolo’s news releases dated November 7, November 24 and December 1, 2017 for additional information relating to Apolo, CryptoGlobal and the Transaction.