HIVE Blockchain Technologies Ltd. Completes Bought Deal Private Placement

HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (the “Company”) completed a bought deal private placement of a total of 12,322,250 units in the capital of the Company (“Offered Units”) at a price of $2.80 per Offered Unit for gross proceeds of $34,502,300 (the “Offering”). Each Offered Unit consisted of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $3.90 for a period of twenty four months following the closing of the Offering. The Company intends to use the net proceeds of the Offering to finance the acquisition of additional cryptocurrency mining equipment located in Sweden and for general and working capital purposes. The Offering was completed with a syndicate of underwriters led by GMP Securities L.P. and included Haywood Securities Inc., Eventus Capital Corp. and PI Financial Corp. (collectively, the “Underwriters”). 

Wildeboer Dellelce LLP acted for the Underwriters in connection with the Offering with a team that included Perry Dellelce, Geoffrey Cher, Jeff Hergott, Danny Kharazmi and Tajrin Nayeem (corporate/securities).