iMining Enters into LOI to Acquire Crypto-Mining Facility

iMining Enters into LOI to Acquire Crypto-Mining Facility

Vancouver, British Columbia–(Newsfile Corp. – October 22, 2019) – iMining Blockchain and Cryptocurrency Inc. (TSXV: IMIN) (the “Company” or “iMining”) announces that it has signed a non-binding Letter of Intent with Future Farm Developments Ltd., (“Future Farm”) for iMining to acquire all of Future Farm’s interests in its crypto-mining facility near Merritt, British Columbia (the “Transaction”), in consideration of iMining paying US$75,000 and issuing 10,000,000 common shares (the “Payment Shares”).