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Caza Gold making move to technology business

TSX Venture Exchange-listed Caza Gold Corp. is making a move to switch to the technology business from a mining company through a reverse takeover by a datacenter company.

The company said March 12 that it entered a letter agreement with Arctic Blockchain Ltd. for the reverse takeover.

Following the merger, former Arctic shareholders will hold about 98.2% of the merged company and Caza shareholders will hold about 1.2%.

The transaction is expected close around April 30. The merged company will seek to have its shares listed on the Canadian Securities Exchange.