Skrumble is a blockchain and communication technology company, licensing its technology and servicing companies globally who are implementing it. Skrumble is a privately held company that was incorporated under the Business Corporations Act (Ontario). Moreover, it will allow Royal Helium to continue exploration and exploitation of its substantial helium land holdings in Saskatchewan unencumbered by the administration and costs associated with a public listing.” In conjunction with the Transaction, RHC will divest 100% of the shares of its wholly-owned subsidiary, Royal Helium Corporation (“Royal Helium”), to its shareholders proportionate to their ownership interest in RHC and Royal Helium will continue operating as a separate and private helium exploration company.Īndrew Davidson, Chairman of the Board of Directors of RHC stated: “The proposed Transaction presents RHC and all of its shareholders the opportunity to participate in the growth and success of Skrumble and its innovative blockchain and communication technologies. (“Skrumble”) in connection with a proposed reverse take-over transaction involving Skrumble wherein RHC will, among other things, acquire all of the common shares of Skrumble in exchange for common shares of RHC (on a post-consolidation basis) and RHC will continue the business and operations of Skrumble (the “Transaction”). 31, 2018 (GLOBE NEWSWIRE) - RHC Capital Corporation (“RHC” or the “Company”) (TSXV: RHC) is pleased to announce that it has entered into a non-binding letter of intent (the “LOI”) dated Augwith Skrumble Technologies Inc.

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