ZUG, Switzerland and
VANCOUVER, Dec. 19, 2019 /CNW/ - HIVE Blockchain
Technologies Ltd. (TSX.V: HIVE) (OTCQX: HVBTF) (the "Company" or
"HIVE") is pleased to announce that all resolutions considered at
its 2019 annual meeting of shareholders on December 18, 2019 were approved overwhelmingly by
its shareholders. The resolutions approved by the shareholders
present in person or represented by proxy at the meeting
were:
- All director nominees were duly elected or re-elected to
HIVE's board of directors with each garnering more than 90% of
votes cast. HIVE's Board of Directors consists of Tobias Ebel, Frank
Holmes, Marcus New,
Olivier Roussy Newton, and
Dave Perrill. Each director will
serve until HIVE's next annual meeting of shareholders or until
their respective successors are elected or appointed or they
otherwise cease to hold office.
- Davidson & Company LLP was re-appointed as
independent, external auditor of HIVE for the ensuing year or until
its successor is appointed, and the Board was authorized to fix its
remuneration.
- The Company's Stock Option Plan and Restricted Share Unit
Plan were re-approved.
"The Board is excited about the future prospects for HIVE going
into 2020," said Frank Holmes,
Interim Executive Chairman of HIVE. "We are eager to oversee the
continued improvements and upgrading of our facilities now that we
have assumed full control of our operations, working in partnership
with our service provider Blockbase."
"We have aligned values and interests with HIVE
management," said Vlado
Stanic, CEO of Blockbase Group DWC-LLC. "We are focused on
being efficient to maximize profit margins. It is a great
relationship with interests being aligned with full
transparency."
The resolutions voted on at the meeting are described in
more detail in HIVE's Management Information Circular, dated
November 13, 2019, which was mailed
to shareholders and is available on SEDAR at
www.sedar.com.
About HIVE Blockchain Technologies
Ltd.
HIVE Blockchain Technologies Ltd. is a growth
oriented, TSX.V-listed company building a bridge from the
blockchain sector to traditional capital markets. HIVE owns
state-of-the-art GPU-based digital currency mining facilities in
Iceland and Sweden,which produce
newly minted digital currencies like Ethereum continuously as well
as cloud-based ASIC-based capacity which produces newly minted
digital currencies like Bitcoin. Our deployments provide
shareholders with exposure to the operating margins of digital
currency mining as well as a growing portfolio of
crypto-coins.
For more information and to register to
HIVE's mailing list, please visit
www.HIVEblockchain.com. Follow @HIVEblockchain on
Twitter and subscribe to HIVE's YouTube
channel.
On Behalf of HIVE Blockchain Technologies Ltd.
"Frank
Holmes"
Interim
Executive Chairman
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this news release
SOURCE HIVE Blockchain Technologies Ltd.