LETTER OF INTENT TO INCLUDE ADDITIONAL CRYPTOCURRENCY MINING FACILITY
To Finalize Due Diligence with Blockchain and Cryptocurrency Transactions in North America
As previously announced, the board of directors of Canada One Mining Corp. (CONE.V) is in the process of completing a strategic review of the company's existing portfolio of assets as well as evaluating potential new transactions in the blockchain and cryptocurrency sector.
In connection with the evaluation of new transactions, the company has extended the term of the letter of intent previously entered into with a privately held company developing blockchain-based transaction verification systems.
The extended term will allow for management of the company to finalize due diligence and to make a recommendation to the board of directors.
As a result of due diligence investigations completed to date, the company has also expanded the scope of the letter of intent to include a second potential facility in North America suitable for transaction verification in the blockchain and cryptocurrency sector.