Extreme Vehicle Battery Technologies Corp. Acquires Optimal CP Inc.

November 22, 2021

Extreme Vehicle Battery Technologies Corp. (EV Battery Tech) entered into a share exchange agreement to acquire Optimal CP Inc., a developer and manager of cryptocurrency mining facilities in Alberta, Canada. The transaction issues 55 million common shares (valuing the deal at CAD 13.75 million) and gives EV Battery Tech control of Optimal's development pipeline and management team to expand into cryptocurrency mining and associated power/infrastructure assets.

Buyers
Extreme Vehicle Battery Technologies Corp.
Targets
Optimal CP Inc.
Sellers
Shareholders of Optimal CP Inc.
Industry
Energy
Location
Alberta, Canada
Transaction Type
Buyout

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