Global Care Capital Announces LOI for Acquisition of CCM Technologies Inc. Canadian Stock Exchange:HLTH.CN

Global Care Capital Announces LOI for Acquisition of CCM Technologies Inc. Canadian Stock Exchange:HLTH.CN

News Highlights

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, April 06, 2021 (News) — Global Care Capital Inc. (CSE:HLTH, FRANKFURT: L6V1) (the “Company” or “Global Care”) a global investment company which engages in early stage investment opportunities in private and public companies, is pleased to announce that it has entered into a letter of intent dated April 5th, 2021 (the “LOI”), which sets out the basic terms and conditions for the acquisition by the Company of all of the issued and outstanding securities in the capital of CCM Technologies Inc. (Cryptocurrency Mining Technologies) (“CCM”), a cryptocurrency mining company with state of the art ASIC chips, in exchange for securities in Global Care (the “Transaction”). 

The Company and CCM have entered into the LOI, which sets out certain terms and conditions pursuant to which the proposed Transaction will be completed. The terms outlined in the LOI are subject to the parties successfully entering into a definitive agreement (the “Definitive Agreement”) in respect of the Transaction on or before April 30th, 2021 or such other date as the Company and CCM may mutually agree. The material terms of the Transaction are as follows:

  • In consideration for the Transaction, Global Care will issue an aggregate of 95,000,000 common shares of Global Care (the “Consideration Shares”) to CCM shareholders at a deemed price of $0.11 per Consideration Share and issue to CCM warrant holders an aggregate of 65,000,000 common share purchase warrants (the “Consideration Warrants”)
  • Each Consideration Warrant permits the holder thereof to acquire one Global Care common share at a price of $0.05 until 1 year after the closing of the transaction.
  • There is no hold period for the Consideration Shares or Consideration Warrants pursuant to applicable securities laws.

The Transaction is an arms-length transaction and no change in management, or the Board of Directors of Global Care is being contemplated at this time. The LOI also contemplates other material conditions precedent to the closing of the Transaction, including the completion of due diligence, compliance with all applicable regulatory requirements and receipt of all necessary regulatory, corporate, third-party, board and shareholder approvals being obtained, including the approval of the Canadian Securities Exchange. There can be no assurance that the Transaction will be completed as proposed, or at all. 

“With the proposed acquisition of CCM Technologies, Global Care will expand its portfolio to include ASIC machines as CCM works toward implementing its first phase of a planned datacenter program. The machines can be used to test out proprietary mining software, improve hashrate and expand on existing analytics software. The team at CCM Technologies have proven they have a deep understanding of the industry,” said Alex Somjen, CEO of Global Care Capital.

The goal of the acquisition is to give Global Care shareholders further exposure to cryptocurrency mining infrastructure, which is the backbone and cornerstone of blockchain technology. 

CCM Technologies Chief Executive Officer, Lawrence Cofield stated, “We are excited to work with Global Care at this important time in the crypto currency mining sector and create synergies by pairing our pipeline of opportunities and partnerships with leading hardware producers with Global Care’s existing exposure to crypto currency royalty streaming. There is potential to unlock value in numerous digital assets classes through innovative Decentralized Finance strategies (DeFi) with emerging blockchain technologies.”

About CCM Technologies Inc.

CCM Technologies Inc. is a digital asset technology company with a focus on providing infrastructure for the blockchain ecosystem and mining of cryptocurrencies.

Website: https://ccm-technologies.com

About Global Care

Global Care Capital is a global investment company which specializes in providing early-stage financing to private and public companies. The Company engages in new, early-stage investment opportunities in previously underdeveloped assets and obtaining positions in early-stage investment opportunities that adequately reflect the risk profile.

Website: https://globalcarecapital.com/

GLOBAL CARE CAPITAL INC.:

Company Contact: 

Alex Somjen, President & CEO

604-687-2038

info@globalcarecapital.com

The CSE does not accept responsibility for the adequacy or accuracy of this release.

The securities to be issued in connection with the Transaction have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act“), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

Cautionary Note

All information contained in this news release with respect to CCM was supplied by CCM for inclusion herein, and Global Care’s directors and officers have relied on CCM for such information.

Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com

  • Check the latest Business news updates and information updates.
  • Please share this news Global Care Capital Announces LOI for Acquisition of CCM Technologies Inc. Canadian Stock Exchange:HLTH.CN with your friends and family to support us your one share helps us a lot.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Trending Lists

earbuds under $200
Best Earbuds Under $200
You’re probably tired of listening to the bad sound of those cheap earbuds that come free with phones or other devices. However, headphones on or…read more ❯
Best Audiophile Headphones
Best Audiophile Headphones
Are you looking for the Best Audiophile Headphones in the world? Then you will find in this guide the best audiophile headphones offering…read more ❯
Best Front Load Washing Machines Under 25000
Best Front Load Washing Machines Under 25000
Are you looking for the Best Front Load Washing Machines under 25000? In this article, we examine The Best fully automatic front-loading washing…read more ❯
3d printers under $1000
Best 3D Printers Under $1000
Welcome to our guide to the Best 3D Printers Under $1000. Here we talk about the only 3D printers that you should consider if you have a lot to…read more ❯
Best Probiotic Supplement In India
Best Probiotic Supplement In India
Are you looking for the Best Probiotic Supplement In India? Probiotic supplements may be an option if you suffer from digestive disorders. Probiotics…read more ❯
Best Robot Vacuum Cleaner
Best Robot Vacuum Cleaner In India
Are you looking for the Best Robot Vacuum Cleaner In India of 2021? Technology has optimized vacuum equipment optimally. You no longer need to lift a…read more ❯
wireless headphones under $100
Best Wireless Headphones Under $100
Too good for the entry-level, right? Well, we do not blame you. Once you have an idea of Best Wireless Headphones Under $100, the only logical route…read more ❯
best 3d printers under $3000
Best 3D Printers Under $3000
You can easily get confused while shopping for the Best 3D Printers Under $3000. There are so many options on the market, from large format 3D…read more ❯

Tutorials & Guides

How To Sell on LetGo
Hello guys in this guide, I am gonna tell you about How To Sell on LetGo. So read this article, step by step so you may understand it in a better…read more ❯
The Best YouTube Blockers for Android
Hello guys in this guide, I am gonna tell you about The Best YouTube Blockers for Android. So read this article, step by step so you may understand…read more ❯
How To Solve White Screen Problem In Messages App On Samsung Galaxy S8 And S8 Plus
Hello guys in this guide, I am gonna tell you about How To Solve White Screen Problem In Messages App On Samsung Galaxy S8 And S8 Plus. So read this…read more ❯
How To Customize Galaxy J7 Notification Bar Menu
Hello guys in this guide, I am gonna tell you about How To Customize Galaxy J7 Notification Bar Menu. So read this article, step by step so you may…read more ❯
Twelve South HiRise for iPhone 5 and iPad mini
Hello guys in this guide, I am gonna tell you about Twelve South HiRise for iPhone 5 and iPad mini. So read this article, step by step so you may…read more ❯
How to Mirror Android to Your TV
Hello guys in this guide, I am gonna tell you about How to Mirror Android to Your TV. So read this article, step by step so you may understand it in…read more ❯
The Best VPNs for Samsung Phones
Hello guys in this guide, I am gonna tell you about The Best VPNs for Samsung Phones. So read this article, step by step so you may understand it in…read more ❯

This Easy iPhone Trick Will Save You Tons of Photo Space
How to use the icloud to free up more space We’ve all been the re: Working low on iPhone space for storing, scrambling to delete photographs we…read more ❯
8 Greatest Apps to Maximize Android perfomance
Android is not as controlled and regulated as its iOS competitor. It doesn’t matter what version of the mobile OS you are running, but with android…read more ❯
Google Play store Error 498 5 easy Methods to fix it
Just lately Whereas Downloading Asphalt game on my Smartphone I received an Error 498 in Google Play Store. To be Actual, the Error Reads “Error…read more ❯
How to Enable Copy paste in CMD – Windows
By Default Windows don’t permit users to Copy text and Paste it in Command prompt Or Copy textual content from Command prompt(cmd) and paste it…read more ❯
How to Speed Up Chrome Browser Easily
As we all know that chrome is very fast browser amongst all browser compare to firefox , internet exporer and safari and so on. However sometimes its…read more ❯
How to stop Facebook account from being hacked
There are lots of methods to lose control of your Facebook account. It’s possible you’ll get hacked and ultimately loose Control over your facebook…read more ❯
Method to watch youtube videos in vlc media player
VLC Media Player Have the Functionality to Play Movies with all most all Video Codecs , Most likely that is the One cause Why VLC media player is…read more ❯
top 4 Linux screenwriting software program
Want to put in writing the next top blockbuster, indie film or hit sitcom? We take a look at out the very best linux screenwriting software  for…read more ❯
Download YouTube Videos Offline mode on your phone
It takes just a few easy steps to download  video from YouTube app. Open a video, tap the download button (see screenshot), select the resolution…read more ❯
How to Look Better While Video Chatting
Video chatting is so commonplace nowadays that even dogs know how to do it. However, with the rise of live conferencing and Skype interviews, the…read more ❯

Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Baylor Scott & White Health Names New CFO

Baylor Scott & White Health Names New CFO

Source Mitzner went to college at Texas Christian University and has a Master of Public Administration degree from the University of San Francisco. ...
Amazon Games cancels Lord of the Rings game announced in 2019

Amazon Games cancels Lord of the Rings game announced in 2019

Amazon’s video game division has struggled because of mismanagement and cultural clashes between game developers and the company’s principles, Bloomberg said ...
Payment of prize money, leaderboard and how much each player has won

Payment of prize money, leaderboard and how much each player has won

Catlin earns 335 points in the Race to Dubai standings for his win. There was a cut this week, with 73 qualifying players finishing the event after making the ...
Aleksei Navalny’s health in prison is terrible, say his doctors

Aleksei Navalny’s health in prison is terrible, say his doctors

But Mr. Navalny’s lawyers have not ruled out lingering effects of the chemical weapon on his health. Mr. Navalny, the main political opponent of Mr. Putin for ...
Mental health budget largely restored in last Senate offer

Mental health budget largely restored in last Senate offer

According to data prepared by FBHA, two-thirds of providers have seen a spike in crisis calls; 65% report an increase in overall call volume; non-fatal opioid ...
News Intel: opens comic book store in Roanoke |  Local  News

News Intel: opens comic book store in Roanoke | Local News

J.D. Sutphin, whose company Big Lick Entertainment produces Big Lick Comic Con, opened Big Lick Comics along with his brother. A new comic book shop opened ...
SF County, a partner city to help small businesses »Albuquerque Journal

SF County, a partner city to help small businesses »Albuquerque Journal

“Finding and accessing resources and support services for your business can be difficult and time-consuming,” Joseph Montoya, community development director ...
Georgetown family raises money for Cancer WALK through clothing campaign |  Local News

Georgetown family raises money for Cancer WALK through clothing campaign | Local News

Furniture, books, children’s toys and other items are not accepted. Properly secured bags of clothing can be dropped off in front of the Sarcias’ garage door ...
NM Department of Public Health warns of implications of “secret balls”

NM Department of Public Health warns of implications of “secret balls”

The “secret prom” was not sponsored by the school and administrators were unaware until a complaint was forwarded from the governor’s office. The original ...
Frequently asked questions: Microsoft prepares Windows Update for  News as a business maintenance tool for home use

Frequently asked questions: Microsoft prepares Windows Update for News as a business maintenance tool for home use

WUfB Deployment Service is more important to IT, long term, than the short shrift it received would signal. We’re here to change that. Windows Update for ...
Show next
Compsmag - Latest News from tech, business and health
Logo