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Totally Hip Technologies Inc. — Capital/Financing Update 2021
Jun 15, 2021
43326_rns_2021-06-15_b10f5ac1-b9a4-43ee-a76f-c23f406ea01a.pdf
Capital/Financing Update
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NEWS RELEASE June 10, 2021
TSX-V: THP
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TECHNOLOGIES INC.
702-889 West Pender Street Vancouver, BC Canada V6C 3B2 Tel: 604.683.3288 / Email: [email protected]
VENTURE CAPITAL, SERVICES, AND MANDATE AGREEMENT
Vancouver, B.C. – June 10, 2021 – Totally Hip Technologies Inc. (TSX-V:THP) is pleased to announce that it has agreed to a Venture Capital, Services and Mandate Agreement providing for corporate, financial and technology development assistance and services (“VenCap Listing Agreement”) with three venture companies to assist the companies with identifying suitable acquisitions, conducting due diligence, providing administration, management and, where necessary, technology development and related services. Totally Hip has also agreed to provide venture capital and stock exchange listing assistance. The VenCap Listing Agreement provides Totally Hip with the right to provide up to 80% of start-up, interim and other financings for each of the companies for a minimum of three years from listing on a Stock Exchange.
The three companies, Brooksbab Enterprises Inc., Eagle Blockchain Enterprises Inc. and 1132876 B.C. Ltd. are reporting issuers in British Columbia and Alberta spun out from Totally Hip in 2017 by way of Plan of Arrangement approved by the Supreme Court of the Province of British Columbia. The VenCap Listing Agreement provides varying compensation for each of the companies, success fees for Totally Hip and replaces prior agreements and understandings.
For further information on investor or corporate matters please email [email protected].
TOTALLY HIP TECHNOLOGIES INC.
Symbol: THP-TSX Venture Exchange 12g3-2(b): 82-4556
Per: “James Boyce”
James Boyce, Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. This release may contain forward–looking statements that involve risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “may,” “will” and similar expressions are intended to identify forward-looking statements. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are Totally Hip’s ability to develop, complete, introduce, market, distribute and gain market acceptance for its products and technologies in a timely manner, announcements of technological innovations, new products or product enhancements by Totally Hip or its competitors; general market conditions; and other factors that may impact the Company or its business opportunities including factors detailed in Totally Hip’s filing with the Securities and Exchange Commission.