VANCOUVER, British Columbia, April 05, 2018 (GLOBE NEWSWIRE) -- MX Gold Corp. (TSX-V:MXL) (FSE:0DV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce that it has signed a non-binding letter of intent (the “LOI”) and four binding agreements that collectively propose to sell the Company’s entire mining portfolio in an arm’s length transaction to a private numbered company for the aggregate purchase price of approximately CDN$14,952,000. The Company intends to use the funds to expand its existing and successful cryptocurrency mining pilot project of 360 mining units through the purchase of an additional 2,000 mining units under its existing lease arrangements located in Manitoba. The proposed sale of its mineral exploration assets and expansion of its cryptocurrency business (together, the “Transaction”) will constitute a Change of Business as defined by the policies of the TSX Venture Exchange (the “Exchange”).
MX Gold Corp. Announces Proposed Change of Business from Mineral Exploration to Cryptocurrency Mining
Apr 06, 2018
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