TORONTO, ONTARIO, Canada, July 19, 2019 – Cypherpunk Holdings Inc. (“Cypherpunk”
or the “Company”) (CSE: HODL) announces that the board of directors of the Company has
adopted a new general By-Law No. 1 (“General By-Law”) relating to general corporate matters,
which repeals and replaces the Company’s existing general corporate by-law.
The General By-Law is designed to ensure that the Company’s general by-law is consistent with
applicable corporate law and evolved corporate governance practices, and also to facilitate orderly
and efficient shareholder meetings. To this end, the General By-Law includes provisions (the
“Advance Notice Provisions”) that establish a framework for advance notice of nominations of
directors by shareholders of the Company in connection with shareholder meetings.
Among other things, the Advance Notice Provisions fix a deadline by which holders of record or
beneficial holders of common shares of the Company must submit director nominations to the
Company prior to any annual or special meeting of shareholders and set forth the information that
shareholders must include in the notice to the Company. In the case of an annual meeting of
shareholders, notice to the Company must generally be provided not less than 30 days and not
more than 65 days prior to the date of the annual meeting. In the case of a special meeting of
shareholders (which is not also an annual meeting), notice to the Company must be provided no
later than the close of business on the 15th day following the day on which the first public
announcement of the date of the special meeting was made.
The General By-Law is effective as of July 18, 2019 and will be placed before shareholders for
confirmation at the next annual and special meeting of shareholders of the Company, which is
scheduled to be held on September 4, 2019. According to the provisions of the Business
Corporations Act (Ontario), the General By-Law will cease to be effective unless it is confirmed
by a resolution adopted by a majority of the votes cast, in person or by proxy, at the meeting.
The full text of the General By-Law is available under the Company’s profile at www.sedar.com.
Cypherpunk Holdings Inc. is a vehicle set up to invest in companies, technologies and protocols,
which enhance or protect privacy. Its strategy is to make targeted investments in businesses and
assets with strong privacy, often within the blockchain ecosystem, including select
cryptocurrencies. The stated mission of Cypherpunk Holdings is “to become the world’s leading
privacy-focused investment vehicle.”
Cautionary Note Regarding Forward-Looking Information
Cypherpunk Holdings Cautionary Note Regarding Forward-Looking Information at the following link.
For further information contact:
Marc Henderson, interim Chief Executive Officer
Toronto, Canada +1 (416) 599 7363
130 King St. W.
Toronto, ON M5X 1B1
KHAN RESOURCES INC. www.khanresources.com