BIGG Digital Assets Inc. Announces Closing of the Acquisition of TerraZero Technologies Inc.
September 28 2023 - 7:00AM
BIGG Digital Assets Inc. ("BIGG" or the
"Company") (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner
of Netcoins, and Blockchain Intelligence Group, is pleased to
announce that it has completed the previously-announced
amalgamation between TerraZero Technologies Inc.
(“
TerraZero”) and a subsidiary of the Company (the
“
Transaction”), which resulted in BIGG acquiring
all of the outstanding common shares and preferred shares of
TerraZero (not including those TerraZero shares already held by the
Company). For more information regarding the Transaction, please
see the Company’s news releases dated August 25, 2023 and September
21, 2023.
“In joining BIGG, we are better positioning our
products and services to utilize technologies around digital
assets, just as much as we’re connecting BIGG’s portfolio to
opportunities within our Intraverse ecosystem, and its ultimate
user base. We see this as a very strategic move for the future of
the web3-facing facets of our business, and beyond,” commented Dan
Reitzik, CEO of TerraZero.
Pursuant to the Transaction, Dan Reitzik was
appointed as a non-voting observer to the board of directors of the
Company and will hold such position until September 28, 2024.
On behalf of the Board
Mark BinnsCEOir@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.com), 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
cryptocurrency easily accessible to the mass consumer and investor
with a focus on fast, simple and transparent trading. Netcoins has
a robust product offering with Crypto Trading, Netcoins Pay
Mastercard and Netcoins Staking. Netcoins utilizes BitRank
Verified® software at the heart of its platform and facilitates
crypto trading via its cutting-edge Mobile and Web applications.
For more information please visit our website www.netcoins.com.
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.sedar.com.
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. 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.
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