BITRUSH CORP. ANNOUNCES A MOTION HAS BEEN SCHEDULED FOR JANUARY 4, 2017
NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO US NEWSWIRES
TORONTO, ONTARIO, Dec 23, 2016 – BitRush Corp. (CSE:BRH, Frankfurt:0XSN) (“BRH”, “BitRush” or the “Company”) announces that a motion has been scheduled for January 4, 2017 at the Ontario Superior Court of Justice – Commercial List seeking the following:
a. An interim Order that Werner Boehm deliver or cause to be delivered forthwith to BitRush the corporate assets and property of BitRush and its subsidiaries that continue to be within his possession or control; and
b. An interim Order that Werner Boehm cease dealing with BitRush’s assets, communicating with BitRush’s customers, or holding himself out as an officer of BitRush or its subsidiaries.
FORWARD LOOKING INFORMATION
This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities in any jurisdiction.
This press release contains certain “forward-looking information”. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to the future plans of the Company to seek the revocation of the cease trade order and re-establish itself in good standing with regulatory authorities) constitute forward-looking information.
This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company as well as certain assumptions including, without limitation, the ability of the Company to complete a review of its financial statements and MD&A and file the same together with the applicable certifications, in a timely manner. Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations, include, but are not limited to, the inability of the Company to obtain the revocation of the cease trade order as a result of its inability to file amended financial statements and related MD&A together with the required certifications.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
On behalf of the Board of Directors,
For further information, contact Karsten Arend at (416) 847-1831 or firstname.lastname@example.org.