Toronto, Ontario--(Newsfile Corp. - May 27, 2024) - Newfoundland Goldbar Resources Inc. ("Company") announced that, on May 23, 2024, it entered into a binding letter agreement (the "Letter Agreement") with Rhino Digital Inc., a corporation existing under the laws of the State of Nevada ("Rhino"). The Letter Agreement outlines the proposed terms and conditions pursuant to which the Company and Rhino will effect a business combination that will result in a reverse takeover of the Company by the securityholders of Rhino (the "Proposed Transaction"). The Letter Agreement was negotiated at arm's length.

Rhino is a Florida-based company that operates an all-inclusive Bitcoin financial services platform and mobile application which offers a range of financial services, allowing users to trade, save, and spend Bitcoin or USD along with conducting global money transfers.

"We are absolutely thrilled about our upcoming merger with Newfoundland Goldbar Resources Inc. see & read more on
https://www.newsfilecorp.com/release/210715/