EX-99.115 116 ea139842ex99-115_bitfarms.htm AB CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS-PARTICIPATION FEE MANAGEMENT CERTIFICATION OF CFO DATED MARCH 25, 2021

Exhibit 99.115

 

Note: [01 Mar 2017] – The following is a consolidation of 13-501F1. It incorporates amendments to this document that came into effect on March 1, 2017. This consolidation is provided for your convenience and should not be relied on as authoritative.

 

FORM 13-501F1

CLASS 1 REPORTING ISSUERS AND CLASS 3B REPORTING ISSUERS –

PARTICIPATION FEE

 

MANAGEMENT CERTIFICATION

 

I, Mauro Ferrara, an officer of the reporting issuer noted below have examined this Form 13-501F1 (the Form) being submitted hereunder to the Alberta Securities Commission and certify that to my knowledge, having exercised reasonable diligence, the information provided in the Form is complete and accurate.

 

“Mauro Ferrara”   March 25, 2021
Name:  Mauro Ferrara   Date:
Title: CFO  

 

Reporting Issuer Name:   Bitfarms Ltd.

 

End date of previous financial year:   December 31, 2020

 

Type of Reporting Issuer: ☒  Class 1 reporting issuer ☐   Class 3B reporting issuer

 

Highest Trading Marketplace:   TSXV

 

Market value of listed or quoted equity securities:

 

Equity Symbol   BITF

 

 

 

 

1st Specified Trading Period (dd/mm/yy) 01/01/2020   to 31/03/2020

 

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace  (i)  $0.4200 
         
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period  (ii)   84,620,630 
         
Market value of class or series (A)  (i) x (ii)  $35,540,664.6 

 

2nd Specified Trading Period (dd/mm/yy) 01/04/2020   to 30/06/2020

 

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace  (iii)  $0.3800 
        
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period  (iv)   84,720,630 
        
Market value of class or series (B)  (iii) x (iv)  $32,193,839.4 

 

3rd Specified Trading Period (dd/mm/yy) 01/07/2020   to 30/09/2020

 

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace  (v)  $0.3050 
        
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period  (vi)   85,720,630 
        
Market value of class or series (C)  (v) x (vi)  $26,144,792.15 

 

2

 

 

4th Specified Trading Period (dd/mm/yy) 01/10/2020   to 31/12/2020

 

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace  (vii)  $2.5000 
         
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period  (viii)   88,939,359 
         
Market value of class or series (D)  (vii) x (viii)  $222,348,397.5 

 

5th Specified Trading Period (dd/mm/yy)                        to                      

 

Closing price of the security in the class or series on the last trading day of the specified trading period in which such security was listed or quoted on the highest trading marketplace  (ix)  $  
         
Number of securities in the class or series of such security outstanding at the end of the last trading day of the specified trading period  (x)     
         
Market value of class or series (E)  (ix) x (x)  $ 
         
Average Market Value of Class or Series (Calculate the simple average of the market value of the class or series of security for each applicable specified trading period (i.e. A through E above)) (1)     $79,056,923.41 

 

(Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a subsidiary, if applicable) that was listed or quoted on a marketplace at the end of the previous financial year)

 

3

 

 

Fair value of outstanding debt securities:        
         
(Provide details of how value was determined)       $(2)
Capitalization for the previous financial year   

 

(1) + (2)

   $79,056,923.41 
           
Participation Fee       $3,000.0000 
           
Late Fee, if applicable       $

 

 
           
Total Fee Payable       $3,000.0000 
(Participation Fee plus Late Fee)          

 

 

4