Blockchain Foundry Shareholders Approve Proposed Deal With WonderFi, The Canadian Business Journal

TORONTO, November 1, 2022 (GLOBE NEWSWIRE) — Blockchain Foundry Inc.BCF” or “Company) (CSE:BCFN), a leading North American blockchain developer, has announced the positive results of a vote by its shareholders (“shareholder”) Yesterday’s Special Shareholders Meeting (“meeting”) previously announced, Business corporation law (British Columbia) (“Arrangement”), WonderFi Technologies Inc. (TSX:WNDR) (“wonder phi”) are issued and outstanding ordinary shares (“stock“)Company’s. Pursuant to the arrangement, each shareholder will receive 0.2155 shares of WonderFi common stock for each share held. This is subject to holdbacks for normal working capital adjustments. Further details can be found in the company’s corporate information circular relating to the conference. This can be found in his SEDAR profile for the company at www.sedar.com.

A special resolution approving the arrangement (“arrangement resolution”) had to be passed by at least two-thirds (66 2/3%) of the votes cast at the general meeting, either in person or by shareholders represented by proxy.

A total of 34,098,256 shares attended the meeting in person or by proxy, representing approximately 27.95% of the outstanding shares.

See below for a summary of voting on the Arrangement Resolutions.

for		Against
(#)	(%)	(#)	(%)
34,024,677	99.78	73,579	0.22

The Company has filed a final order with the Supreme Court of British Columbia on October 31, 2022. Execution of this agreement is subject to certain customary conditions, including court approval. Assuming these closing conditions are met, the arrangement is expected to close on or around November 7, 2022.

Additional Information

For more information, please contact:

Blockchain Foundry Co., Ltd.
Dan Wasilk
Chief executive officer
(647) 792-8782
[email protected]

About BCF

BCF develops and commercializes blockchain-based business and consumer solutions with a focus on digital assets and NFT infrastructure. BCF also provides blockchain consulting services to corporate clients.

About WonderFi

WonderFi is a leading technology company with a mission to create better unified access to digital assets through centralized and decentralized platforms. WonderFi’s management and board of directors have an established track record in finance and cryptocurrencies, with experience at Amazon, Shopify, PayPal, Galaxy Digital, and Hut 8. And it aligns with our mission to enable people around the world to access finance in a simple, smart and secure way. For more information, please visit www.wonder.fi.

Forward-Looking Information

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws and “forward-looking information” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act. It may also contain statements that may constitute “descriptions about Complies with the Canadian Securities Act 1995 and applicable Canadian securities laws. Such forward-looking information and forward-looking statements do not represent historical facts, information or current circumstances, but only our beliefs regarding future events, plans or objectives, many of which are is inherently uncertain and out of scope by its nature. under our control; Generally, such forward-looking information or forward-looking statements do not include statements such as “may”, “intend”, “expect”, “believe”, “will”, “forecast”, ” Identified by the use of forward-looking terms such as “estimated”. ”, or variations of such words.

By identifying such information and statements as such, we acknowledge that such information and statements pose known and unknown risks, uncertainties and our actual results, levels of activity, performance or achievements. Readers are warned that they are subject to possible other factors. be materially different from what is expressed or implied by such information or statements; In addition, we make certain assumptions in connection with the forward-looking information and forward-looking statements contained in this press release. Some of the key factors that could cause actual results to differ materially from those projected by the forward-looking information and statements include: WonderFi and BCF’s ability to secure the legal and regulatory approvals necessary to complete the arrangement; WonderFi’s ability to achieve expected synergies as a result of the arrangement. Adjusting BCF’s ability to meet its working capital targets and the consideration paid to BCF’s shareholders pursuant to the proposed arrangement. material adverse changes in general economic, business and political conditions, including changes in financial markets, changes in applicable laws and compliance with broad government regulations; If one or more of these risks, uncertainties or other factors materialize or the assumptions underlying any forward-looking information or statement prove incorrect, the actual results herein will not be correct. may differ significantly from those described in

Although we believe that the assumptions and factors used in preparing the forward-looking information and statements, and the expectations contained therein, are reasonable, we do not place undue reliance on such information and statements. not. Such forward-looking information and statements are certified to be accurate as actual results or future events could differ materially from those anticipated by such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and we We do not undertake to update our forward-looking statements. except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements made by us or anyone acting on our behalf are expressly qualified in their entirety by this notice. All values ​​in this release are in Canadian dollars.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities mentioned herein in the United States. The securities described in this document have not been registered under the United States Securities Act of 1933 (the “United States Securities Act”) or any state securities laws and may not be offered or sold in the United States. As defined in Regulation S promulgated under the U.S. Securities Act.

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