PHILADELPHIA, April 29, 2020 /PRNewswire/ -- Integrated Ventures Inc. (OTCQB: INTV) (“Company”) is pleased to disclose an execution of Non-Disclosure Agreement (“NDA”) with AltVenture Capital, Inc, for the purpose of evaluating a Material Business Transaction.
This NDA will allow both parties to obtain certain confidential information about each other, exchange certain financial documents and to initiate a high level discussions and negotiations, in regards to a potential transaction, involving a purchase of assets or business merger.
Steve Rubakh, CEO, comments: "We continue to target and evaluate synergetic and opportunistic business opportunities, designed to expand operations at below market cost. Combination of AltVenture Capital's fully build-out 5.7 meg facilities with a low electricity pricing structure, represents a cost effective acquisition opportunity to supplement and ramp up current operations.”
* Integrated Ventures, Inc - Technology Driven, Portfolio Holdings Company with focus on Blockchain Technology and Cryptocurrency Mining.
For more details, please visit company's web at www.integratedventuresinc.com.
* AltVenture Capital, Inc – Located in Winnipeg, Canada, the Company operates 4 crypto currency mining facilities with combined power capacity of 5.8 meg.
For more details, please visit company's web at www.altventurecapital.com.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "explores," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, and various other factors beyond the company's control.