PARLANE RESOURCE CORP. ("PPP")
BULLETIN TYPE: Resume Trading, Change of Business-Announced
BULLETIN DATE: March 20, 2018
TSX Venture Tier 2 Company
Effective at the open, Wednesday, March 21, 2018, trading in the Company's shares will resume.
Further to the Company's news release dated March 2, 2018, regarding the proposed acquisition of 500 S9 Antminer mining rigs and the engagement of an arm's length party to set-up, host and operate the cryptocurrency mining activities, (the 'Change of Business'), trading in the Company's shares will resume.
This resumption of trading does not constitute acceptance of the Change of Business, and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. The Company is required to submit all of the required initial documentation relating to the Change of Business within 75 days of the issuance of the news release. IF THIS DOCUMENTATION IS NOT PROVIDED, OR IS INSUFFICIENT, A TRADING HALT MAY BE RE-IMPOSED.
Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and shareholder approval. There is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance. SHOULD THIS OCCUR, A TRADING HALT MAY BE RE-IMPOSED.
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