Worldwide Care Capital Announces Definitive Agreement for Acquisition of ASIC Ability Company

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE Solutions OR FOR
DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Jan. 21, 2021 (Globe NEWSWIRE) —  Global Care Funds Inc. (CSE:HLTH, FRANKFURT: L6V1) (the “Company” or “Global Treatment”) a world investment firm which engages in early stage financial commitment opportunities in non-public and community companies, is delighted to announce that further more to its push launch of December 30, 2020 it has entered into a share trade agreement dated January 19, 2021 (the “Agreement”) involving the Enterprise, ASIC Ability Company (“ASIC”) and the shareholders of ASIC which sets out the phrases and circumstances for the acquisition by the Company of all of the issued and outstanding securities in the capital of ASIC (the “Transaction”). ASIC is the very first cryptocurrency organization combining state of the art ASIC chips with royalty streaming contracts.

The materials phrases of the Transaction are as follows:

  • In thing to consider for the Transaction, and on closing thereof, World Care will challenge an aggregate of 100,000,000 frequent shares of World Treatment (the “Thought Shares”) to ASIC shareholders at a deemed price tag of $.095 per Consideration Share.
  • There is no hold time period for the Consideration Shares pursuant to relevant securities laws.

Closing of the Transaction is matter to, between other items, compliance with all applicable regulatory specifications and receipt of all vital regulatory, corporate, 3rd-get together, board and shareholder approvals becoming acquired, such as the approval of the Canadian Securities Exchange. There can be no assurance that the Transaction will be accomplished as proposed, or at all. The Transaction is an arms-duration transaction and no adjust in administration, or the Board of Administrators of International Treatment is remaining contemplated at this time.

One particular of the important property of ASIC is an arrangement with Valour Mining Inc (“Valour”) and its presenting of miner-centered financial providers – also recognized as MiFi. Under this agreement, Valour gives ASIC access to its impressive cryptocurrency mining royalty intelligent contracts and proprietary chip hardware. Miners get access to cash, generate enhancement and threat administration methods.  &#13

“We are fired up to be section of World Care Funds and help diversify their portfolio, offering them publicity to cryptocurrency by the royalty streaming model,” explained Daniel Novak, co-founder & CEO of ASIC Ability Company.  

About ASIC Energy Company

ASIC Energy Company is a business centered on vertical integration of blockchain infrastructure, covering energy, components and computer software optimization focused on bitcoin as an underlying asset. Software-certain integrated circuits, or ASIC’s have been the underlying computing tools demanded for the laptop processing of algorithms to mine bitcoin and other cryptocurrencies. ASIC Electric power is at the frontier of delivering an asset gentle strategy for exposure to blockchain infrastructure globally.

Web-site: https://asicpower.com/ 

About World wide Treatment &#13

World wide Treatment Funds is a global financial commitment corporation which specializes in supplying early-phase funding to private and public firms. The Company engages in new, early-phase expense prospects in earlier underdeveloped belongings and acquiring positions in early-stage investment decision options that sufficiently reflect the risk profile.

Web site: https://globalcarecapital.com/

International Treatment Cash CORP.: 

Company Make contact with: 

Alex Somjen, President & CEO&#13

604-687-2038

[email protected]

The CSE does not acknowledge obligation for the adequacy or precision of this launch.

The securities to be issued in connection with the Transaction have not been and will not be registered underneath the U.S. Securities Act of 1933, as amended (the “1933 Act“), or underneath any condition securities regulations, and may possibly not be offered or bought, right or indirectly, or sent within just the United States or to, or for the account or advantage of, U.S. individuals (as defined in Regulation S underneath the 1933 Act) absent registration or an applicable exemption from the registration demands. This news launch does not constitute an offer you to offer or a solicitation to invest in this sort of securities in the United States.

Cautionary Observe&#13

All facts contained in this news launch with respect to ASIC was supplied by ASIC for inclusion herein, and Worldwide Care’s administrators and officers have relied on ASIC for such information and facts.

Forward-On the lookout Details: This news release involves sure statements that may be deemed “forward-hunting statements”. The use of any of the terms “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “would”, “project”, “should”, “believe” and very similar expressions are supposed to recognize forward-seeking statements. Although the Company thinks that the expectations and assumptions on which the forward-wanting statements are primarily based are realistic, undue reliance must not be positioned on the ahead-hunting statements simply because the Firm can give no assurance that they will confirm to be correct. Considering the fact that forward-seeking statements deal with potential functions and ailments, by their pretty nature they include inherent threats and uncertainties. These statements talk only as of the date of this Information Launch. Genuine final results could differ materially from people now anticipated due to a selection of things and hazards like many chance components reviewed in the Company’s disclosure files which can be located less than the Company’s profile onwww.sedar.com