BIGG Digital Assets Inc. Provides an Update to the Acquisition of TerraZero Technologies Inc.
22 September 2023 - 8:50AM
BIGG Digital Assets Inc.
("
BIGG" or the "
Company")
(CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W) is pleased
to announce that TerraZero Technologies Inc.
("
TerraZero") has received the requisite approval
from its shareholders of a special resolution (the "
Special
Resolution") to approve the previously-announced
amalgamation between TerraZero and a subsidiary of the Company,
which will result in BIGG acquiring all of the issued and
outstanding common shares ("
TZ Common Shares") and
preferred shares ("
TZ Preferred Shares" and
collectively, the "
TZ Shares") of TerraZero (not
including TZ Shares held by the Company) (the
"
Transaction"). For more information regarding the
terms of the Transaction please see the Company's news release
dated August 25, 2023.
The Special Resolution was approved at a special
meeting (the "Meeting") of the holders of TZ
Shares held at 10:00 a.m. on September 21, 2023. At the Meeting, a
total of:
a) |
|
47,850,539 or 100% of the votes cast at the Meeting by holders of
TZ Shares present or represented by proxy were cast in favour of
the Special Resolution; |
|
|
|
b) |
|
42,950,539 or 100% of the votes
cast at the Meeting by holders of TZ Common Shares were cast in
favour of the Special Resolution; and |
|
|
|
c) |
|
4,900,000 or 100% of the votes
cast at the Meeting by holders of TZ Preferred Shares were cast in
favour of the Special Resolution. |
|
|
|
The Company expects to complete the Transaction
on September 28, 2023.
On behalf of the Board
Mark Binns
CEO
ir@biggdigitalassets.com
About BIGG Digital Assets
Inc.
BIGG Digital Assets Inc. (BIGG) believes the
future of crypto is a safe, compliant, and regulated environment.
BIGG invests in products and companies to support this vision. BIGG
has three portfolio companies: Netcoins (netcoins.ca), Blockchain
Intelligence Group (blockchaingroup.io), and TerraZero
(terrazero.com).
Blockchain Intelligence Group
builds technology to power compliance and intelligence for the
crypto future. Banks and crypto companies depend on our technology
to monitor risk from crypto transactions. Investigators and law
enforcement quickly identify and track illicit activity. Blockchain
Intelligence Group is trusted globally by banks, crypto companies,
law enforcement, fintechs, regtechs and governments.
Netcoins offers safe and secure
crypto trading in Canada and the USA, with a mission to make crypto
easy. Netcoins has a robust product offering with Crypto Trading
(US and CA), Netcoins Pay (CA) and Netcoins Staking (CA). Netcoins
facilitates crypto trading via its cutting-edge Mobile and Web
applications.
TerraZero Technologies Inc. is
a vertically integrated Metaverse development group and leading
Web3 technology company specializing in helping brands create
immersive experiences. TerraZero's Metaverse-agnostic vision is to
develop and implement products and services with scalable
commercial applications to flourish engagement across gamified
experiences where enterprise-level businesses, metaverse platforms,
and Web3 creators can seamlessly bridge and actionably grow their
virtual world and the physical world endeavors together as one.
TerraZero owns digital real estate for brands to establish presence
in existing virtual worlds and can also offer brands their own
private worlds to provide offices and services to those interested
in the metaverse. Furthermore, TerraZero acquires, designs, builds,
and operates virtual assets and solutions to monetize the metaverse
ecosystem. TerraZero's businesses are segmented into five (5)
divisions which include: (1) immersive experience creation in
existing or private virtual worlds; (2) advertising; (3) data
analytics; (4) events and marketing; and (5) development of the
Intraverse. TerraZero aims to support the community, foster
innovation, and drive adoption. For more information, please visit
https://terrazero.com/ or contact hello@terrazero.com.
For more information and to register for BIGG's
mailing list, please visit our website at
https://www.biggdigitalassets.com. Or visit SEDAR+ at
www.sedarplus.ca.
Forward-Looking Statements:
Certain statements in this release are
forward-looking statements, which include the completion of the
search technology software and other matters. Forward-looking
statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or
intentions regarding the future. Such information can generally be
identified by the use of forwarding-looking wording such as "may",
"expect", "estimate", "anticipate", "intend", "believe" and
"continue" or the negative thereof or similar variations.
Forward-looking statements or information in this press release
relate to, among other things, the anticipated completion of the
Transaction and timing for such completion. Readers are cautioned
not to place undue reliance on forward-looking statements, as there
can be no assurance that the plans, intentions or expectations upon
which they are based will occur. By their nature, forward-looking
statements involve numerous assumptions, known and unknown risks
and uncertainties, both general and specific that contribute to the
possibility that the predictions, estimates, forecasts, projections
and other forward-looking statements will not occur. These
assumptions, risks and uncertainties include, among other things,
the state of the economy in general and capital markets in
particular, and other factors, many of which are beyond the control
of BIGG. Forward-looking statements contained in this press release
are expressly qualified by this cautionary statement. Undue
reliance should not be placed on the forward-looking information
because BIGG can give no assurance that they will prove to be
correct. Important factors that could cause actual results to
differ materially from BIGG's expectations include consumer
sentiment towards BIGG's products and Blockchain technology
generally, technology failures, competition, and failure of
counterparties to perform their contractual obligations.
The forward-looking statements contained in this
press release are made as of the date of this press release. Except
as required by law, BIGG disclaims any intention and assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
Additionally, BIGG undertakes no obligation to comment on the
expectations of or statements made by, third parties in respect of
the matters discussed above.
The CSE does not accept responsibility
for the adequacy or accuracy of the content of this Press
Release.
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