March 15, 2019 (Toronto) – 3iQ Corp. has filed an application for Hearing and Review of the Decision of the Director to refuse to issue a receipt for the prospectus of “The Bitcoin Fund”. 3iQ had publicly filed a non-offering preliminary prospectus for The Bitcoin Fund on October 31, 2018. The decision of Raymond Chan, Acting Director of the Investment Funds & Structured Products Branch of the Ontario Securities Commission (OSC) to refuse to issue a receipt for the prospectus of 3iQ’s The Bitcoin Fund was published on February 15, 2019. According to the OSC’s own regulatory process, 3iQ needed a formal rejection of the prospectus from the Director in order to later appeal at a public hearing in front of a panel of OSC Commissioners.
The company is preparing to go to a public hearing in front of three Commissioners of the OSC to address concerns of public interest, custody, liquidity and auditability in April 2019. Read the full Application for Hearing and Review here:
About 3iQ Corp.
3iQ is a Canadian Investment Fund Manager focused on providing innovative investments of institutional quality in disruptive technologies and the cryptoasset space. Founded in 2012, 3iQ is committed to a disciplined approach to investment selection aided by the most innovative due diligence process and quantitative techniques. Please visit www.3iq.ca to learn more.
3iQ Media Contact:
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1 (416) 659-5181