Blockchain Power Trust Announces Appointment of New Chief Financial Officer

TORONTO, April 02, 2018 (GLOBE NEWSWIRE) -- Blockchain Power Trust (“Blockchain Power” or the “Trust”) (TSX-V:BPWR.UN) is pleased to announce that it has appointed Ms. Betty Soares as Chief Financial Officer of the Trust. Ms. Soares brings over 16 years of experience in accounting, financing, and business planning and has a demonstrated capacity for executing major projects while managing a dynamic and growing business.  From 2004 to 2016, Ms. Soares served as Chief Accounting Officer and Vice-President Enterprise Financial Performance Management at Yamana Gold Inc. where she was involved in various aspects of M&A, financings, restructuring and transformation projects.  Ms. Soares holds a Bachelor of Business Administration from Wilfried Laurier University and is a Chartered Professional Accountant.  She also serves on the Board of Directors of the North York Women’s Shelter, is an active member of Financial Executives International (FEI) Canada, and serves on several financial, governance, and executive committees within the not-for-profit sector. 

Ms. Betty Soares, Chief Financial Officer of Blockchain Power, commented: “I am excited to join Blockchain Power at this important stage in its evolution.” Mr. J. Colter Eadie, Chief Executive Officer of Blockchain Power, commented: “We are very pleased to have Ms. Soares join the executive management team at Blockchain Power.  As we continue on our path of growth both through acquisitions and internal projects leveraging our existing infrastructure, Betty’s skills and past experience with all aspects of organizational development will be a critical part of our success.”

For further information please contact:

Ravi Sood Chairman +1 647-987-7663 rsood@blockchainpower.com

J. Colter Eadie Chief Executive Officer +351 938 810 979 jceadie@blockchainpower.com

About Blockchain Power

The Trust, through its direct and indirect subsidiaries in Canada, the Netherlands and Romania, has been formed to acquire interests in renewable energy assets in Romania, other countries in Europe and abroad that can provide stable cash flow to the Trust and a suitable risk-adjusted return on investment. The Trust seeks to provide investors with long-term, stable distributions, while preserving the capital value of its investment portfolio through investment, principally in a range of operational assets, which generate electricity from renewable energy sources, with a particular focus on solar and hydro power. The Trust intends to qualify as a “mutual fund trust” under the Income Tax Act (Canada) (the “Tax Act”). The Trust will not be a “SIFT trust” (as defined in the Tax Act), provided that the Trust complies at all times with its investment restriction which precludes the Trust from holding any “non-portfolio property” (as defined in the Tax Act). All material information about the Trust may be found under Blockchain Power's issuer profile at www.sedar.com.