3iQ Receives Receipt for The Ether Fund Preliminary Prospectus

Not for distribution to U.S. newswire services or for dissemination in the United States.

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, OR INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES OF THE ETHER FUND (THE “FUND”) IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

TORONTO, July 24, 2020 (GLOBE NEWSWIRE) |

3iQ Corp. is pleased to announce that The Ether Fund (the “Fund”) has filed with the securities regulatory authorities in all of the Canadian provinces and territories of Canada (except for Québec) and received a receipt for its preliminary prospectus in relation to an initial public offering of Class A Units at a price of US$10.75 per Class A Unit and Class F Units at a price of US$10.53 per Class F Unit (the “Offering”).

The minimum size of the Offering is US$10,750,000 and the maximum size of the offering is US$107,500,000.

The Fund’s investment objectives are to provide holders of Class A Units and Class F Units with:

(a) exposure to the digital currency Ether and the daily price movements of the U.S. dollar price of Ether, and

(b) the opportunity for long-term capital appreciation.

3iQ Corp., will act as the investment manager and portfolio manager of the Fund.

The agent for the Offering is Canaccord Genuity Corp. (the “Agent”). The Fund has granted the Agent an option to purchase up to an additional 15% of the Class A Units issued on the closing date of the Offering, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days from the closing date of the Offering.

3iQ is a Canadian investment fund manager focused on providing investors with exposure to digital assets. 3iQ manages the TSX-listed Bitcoin Fund, QBTC.U as well as a private fund, the 3iQ Global Cryptoasset Fund.  The private fund holds bitcoin, ether and litecoin and is available to accredited investors in Canada or in reliance upon other exemptions from the prospectus requirement.

About 3iQ Corp.

Founded in 2012, 3iQ is currently focused on digital assets, disruptive technologies and the blockchain space. For further information, please visit our website at www.3iQ.ca or contact the 3iQ office at (416) 639-2133.

This offering is only made by the preliminary prospectus of the Fund dated July 23, 2020. The preliminary prospectus contains important information relating to these securities and has been filed with securities commissions or similar authorities in all of the provinces and territories of Canada (except for Quebec) The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from the Agent or at www.sedar.com. There will not be any sale or any acceptance of an offer to buy the Class A Units and the Class F Units until a receipt for the final prospectus has been issued by the relevant securities commissions in Canada.  Investors should read the prospectus before making an investment decision.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this news release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. In particular, this news release includes forward-looking information relating to the anticipated completion of the Offering. Actual results may differ materially from results indicated in forward-looking information for a number of reasons, including the failure to close the transactions referenced in this news release on the terms and conditions currently contemplated by the Fund, or at all, as well the risk factors identified in the Fund’s preliminary prospectus dated July 23, 2020. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.

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3iQ Receives Receipt for The Ether Fund Preliminary Prospectus

Not for distribution to U.S. newswire services or for dissemination in the United States.

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, OR INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES OF THE ETHER FUND (THE “FUND”) IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

TORONTO, July 24, 2020 (GLOBE NEWSWIRE) |

3iQ Corp. is pleased to announce that The Ether Fund (the “Fund”) has filed with the securities regulatory authorities in all of the Canadian provinces and territories of Canada (except for Québec) and received a receipt for its preliminary prospectus in relation to an initial public offering of Class A Units at a price of US$10.75 per Class A Unit and Class F Units at a price of US$10.53 per Class F Unit (the “Offering”).

The minimum size of the Offering is US$10,750,000 and the maximum size of the offering is US$107,500,000.

The Fund’s investment objectives are to provide holders of Class A Units and Class F Units with:

(a) exposure to the digital currency Ether and the daily price movements of the U.S. dollar price of Ether, and

(b) the opportunity for long-term capital appreciation.

3iQ Corp., will act as the investment manager and portfolio manager of the Fund.

The agent for the Offering is Canaccord Genuity Corp. (the “Agent”). The Fund has granted the Agent an option to purchase up to an additional 15% of the Class A Units issued on the closing date of the Offering, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days from the closing date of the Offering.

3iQ is a Canadian investment fund manager focused on providing investors with exposure to digital assets. 3iQ manages the TSX-listed Bitcoin Fund, QBTC.U as well as a private fund, the 3iQ Global Cryptoasset Fund.  The private fund holds bitcoin, ether and litecoin and is available to accredited investors in Canada or in reliance upon other exemptions from the prospectus requirement.

About 3iQ Corp.

Founded in 2012, 3iQ is currently focused on digital assets, disruptive technologies and the blockchain space. For further information, please visit our website at www.3iQ.ca or contact the 3iQ office at (416) 639-2133.

Press Contact

Fred Pye – Chairman and CEO  

E: fred.pye@3iQ.ca  

P: +1 (416) 639-2130 

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Important Notices

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

This announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction. The Fund’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under the applicable securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States.  Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute. 

Disclaimer

This offering is only made by the preliminary prospectus of the Fund dated July 23, 2020. The preliminary prospectus contains important information relating to these securities and has been filed with securities commissions or similar authorities in all of the provinces and territories of Canada (except for Quebec) The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from the Agent or at www.sedar.com. There will not be any sale or any acceptance of an offer to buy the Class A Units and the Class F Units until a receipt for the final prospectus has been issued by the relevant securities commissions in Canada.  Investors should read the prospectus before making an investment decision.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this news release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. In particular, this news release includes forward-looking information relating to the anticipated completion of the Offering. Actual results may differ materially from results indicated in forward-looking information for a number of reasons, including the failure to close the transactions referenced in this news release on the terms and conditions currently contemplated by the Fund, or at all, as well the risk factors identified in the Fund’s preliminary prospectus dated July 23, 2020. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.

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Fred Pye

Frederick T. Pye

CHAIRMAN, CHIEF EXECUTIVE OFFICER & DIRECTOR

Frederick T. Pye is the Chairman, Chief Executive Officer and Director of 3iQ Corp. He is also the Chairman and Director of 3iQ Digital Holdings Inc. Mr. Pye is recognized for creating and promoting creative and unique investment products for the investment industry.

Mr. Pye has managed private client portfolios with Landry Investment Management and various other investment dealers. Prior to this Mr. Pye was Founder, President & Chief Executive Officer of Argentum Management and Research Corporation, a company dedicated to managing and distributing quantitative investment portfolios including the first long-short mutual fund in Canada.

He was also Senior Vice-President and National Sales Manager of Fidelity Investments Canada and an integral part of the team that saw assets rise from $80 million to over $7.5 billion in assets under management during his tenure. He also held various positions with Guardian Trust Company, which listed the first Gold, Silver and Platinum Certificates on the Montreal Exchange.

Mr. Pye obtained a Masters in Business Administration from Concordia University.