BIGG Digital Assets Inc. Provides an Update to the Acquisition of TerraZero Technologies Inc.
VANCOUVER, British Columbia, Sept. 21, 2023 (GLOBE NEWSWIRE) — 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.
