TORONTO, ONTARIO, November 13, 2015 – On October 30, 2015 and November 2, 2015, BitRush Corp. (“BitRush” or the “Corporation”) (CSE: BRH) announced that it would be re-filing certain financial statements of MezzaCap GmbH that were originally filed in the Corporation’s management information circular dated May 22, 2015 in connection with the Corporation’s acquisition of MezzaCap GmbH on September 8, 2015. It is anticipated that the new financial statements of MezzaCap GmbH will be filed within an amended management information circular by no later than November 20, 2015.
In connection with the foregoing, the Corporation has sought and been granted a management cease trade order (the “MCTO”) effective November 13, 2015 preventing the Chief Executive Officer and the Chief Financial Officer of the Corporation from trading, directly or indirectly, in the securities of the Corporation, which will remain in place until the above-noted documentation has been filed, in accordance with the provisions of National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults (“NP 12-203”). The MCTO does not affect the ability of shareholders who are not insiders of the Corporation to trade their securities. Until the amended management information circular is filed, the Corporation intends to satisfy the provisions of the Alternative Information Guidelines set out in NP 12-203. During such period, the Corporation will issue bi-weekly status reports in the form of further press releases, which will also be filed on SEDAR. The Corporation confirms that there are no insolvency proceedings against it as of the date of this press release. The Corporation also confirms that there is no other material information concerning the affairs of the Corporation that has not been generally disclosed as of the date of this press release.