Day: October 13, 2017

MX Gold signs LOI to Acquire Cryptocurrency/Blockchain Mining Company Based in Manitoba

MX Gold Corp. is pleased to announce that the Company has entered into a letter of intent to acquire all of the shares of Symple Internet Financial Ltd., an arm’s length private British Columbia cryptocurrency/blockchain mining company based in Manitoba. The proposed acquisition is the Company’s first foray outside the mineral exploration space and is intended to be a pilot project to determine whether further investment in the growing cryptocurrency industry is warranted. The Company has had preliminary discussions about the proposed transaction with the TSX Venture Exchange and anticipates that it will proceed as a Reviewable Transaction but not a Change of Business in accordance with Exchange policies.

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