Interbit Holding Virtual-Only Annual and Special Meeting IN Connection with Proposed Change of Business Transaction
INTERBIT LTD.
(proposed to be renamed North Peak Resources Ltd.)
INTERBIT HOLDING VIRTUAL-ONLY ANNUAL AND SPECIAL MEETING IN
CONNECTION WITH PROPOSED CHANGE OF BUSINESS TRANSACTION
Calgary, Canada May 19, 2020
INTERBIT LTD. (TSX Venture: IBIT) (the “Company”) announces that its Annual and Special Meeting (the
“Shareholders”) for holders (the “Shareholders”) of its common shares (“Common Shares”) is to be held
on Wednesday, June 24, 2020 at 9:00 a.m. (Calgary time) / 11:00 a.m. (Toronto time). Due to the uncertain
public impact of the coronavirus outbreak (COVID-19) and in consideration of the health and safety of
Shareholders and the broader community, this Meeting will be held in a virtual meeting format only, by way
of a live webcast. Shareholders will be able to listen, participate and vote at the Meeting in real time through
a web-based platform instead of attending the Meeting in person.
Amongst annual meeting matters, at the Meeting, Shareholders will be asked to consider the recently
proposed “Change of Business” transaction (“COB Transaction”) of the Company with the result that the
Company will become a Tier 2 mining issuer on the TSX Venture Exchange, and a related consolidation
and name change.
“The Company is proposing this “Change of Business” to the mining sector in an effort to maximize
shareholder value and deliver exceptional returns to our Shareholders over the next 3-5 years by taking
advantage of the unique set of circumstances that management and the Board expects will develop in the
gold and other metals markets resulting from government responses to current challenges through the
issuance of debt and printing of money,” said Brian Hinchcliffe, Executive Chairman and CEO of the
Company. “Management is very experienced in the mining sector and has previously acquired and
developed mining assets in times of geopolitical opportunity.”
The Company also announces today the filing and publication of its Management Information Circular (the
“Circular”) issued in connection with the Meeting, and which sets forth the full details of the COB
Transaction. A copy of the Circular can be obtained from the Company`s SEDAR profile at www.sedar.com
and on the Company`s website at www.interbit.io.
The Meeting can be accessed by logging in online at https://web.lumiagm.com/246531120. As detailed in
the Circular, registered Shareholders and duly appointed proxyholders who participate in the Meeting online
will be able to listen to the Meeting, ask questions and vote, all in real time, provided that they are connected
to the internet. In all cases, Shareholders must follow the instructions set out in their applicable proxy or
voting instruction forms. Shareholders can vote by proxy in advance of the Meeting as in prior years. Guests
can listen to the Meeting but will not be able to communicate or vote. Additional information regarding
Shareholder participation in the Meeting (including voting instructions) may be found in the Circular.
Additionally, detailed instructions for Shareholders to participate in the Meeting are provided in the
Company’s Virtual AGM User Guide available on the Company`s website at www.interbit.io and from the
Company`s SEDAR profile at www.sedar.com.
If you have questions regarding your ability to participate or vote at the Meeting, please contact the
Company’s registrar and transfer agent, Computershare at 1-800-564-6253 or direct, from outside of North
America at 1-514-982-7555.
Further Information
The Company will issue additional press releases related to other material information as it becomes
available.
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Investors are cautioned that, except as disclosed in the Circular prepared in connection with the COB
Transaction, any information released or received with respect to the acquisition may not be accurate or
complete and should not be relied upon. Trading in the securities of the Company should be considered
highly speculative.
Completion of the COB Transaction is subject to a number of conditions, including but not limited to
acceptance by the Exchange and if applicable pursuant to the Exchange requirements, majority of the
minority shareholder approval. Where applicable, the COB Transaction cannot close until the required
shareholder approval is obtained. There can be no assurance that the COB Transaction will be completed
as proposed or at all.
ABOUT THE COMPANY
The Company owns proprietary technologies and is listed on the TSX Venture Exchange.
For further information please contact:
Brian Hinchcliffe, CEO
Phone: +1-914-815-2773
Email: [email protected]
Website: www.interbit.io
The Exchange has in no way passed upon the merits of the COB Transaction and has neither
approved nor disapproved the contents of this news release. Neither the Exchange nor its
Regulation Services Provider (as that term is defined in policies of the Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this release are forward-looking statements, which include, completion of the
proposed COB Transaction, receipt of requisite approvals for the COB Transaction, the completion of each
of the proposed consolidation and name change, favorable gold and metals markets, success in the
exploration of gold or other metals, and other information concerning the intentions, plans and future action
of the Company described herein, 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, that the Exchange may not accept the COB Transaction for any reason whatsoever, the inability
to obtain approval of any third parties or shareholders, as required to complete the COB Transaction; the
inability of the Property to satisfy Initial Listing Requirements (as defined in Exchange Policy 1.1, as well as
those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis
for the year ended December 31, 2019 available at www.sedar.com, many of which are beyond the control
of the Company. Forward-looking statements contained in this press release are expressly qualified by this
cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press
release. Except as required by law, the Company 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, the Company undertakes no obligation to comment on the expectations of, or
statements made by, third parties in respect of the matters discussed above.
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Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.