Block One Capital Inc. Upsizes Financing to $8,000,000
12 Décembre 2017 - 9:15PM
Further to the Company’s press release of December 11, 2017, Block
One Capital Inc. (TSXV:BLOK), (Frankfurt:ES3) (the
“
Company” or “
Block One”), has,
due to increased demand, increased its non-brokered private
placement offering to be comprised of eight million units at a
price of $1 per unit for gross proceeds of $8-million.
The Company may, at its discretion over-allot
the offering, to offer up to an additional 2,000,000 units under
the offering, which would raise additional gross proceeds of up to
$2.0-million, which would result in total gross proceeds of up to
$10-million to be raised under the offering.
Block One will pay a commission or finder's fee
to qualified parties of 8 percent of the private placement proceeds
in units equal to 8 percent of the number of units sold in the
private placement. The compensation units shall have the same terms
as the units.
Closing of the offering is subject to a number
of conditions, including receipt of TSX-V approval. All securities
issued in connection with the offering will be subject to a
statutory hold period of four months plus a day from the date of
issuance in accordance with applicable securities legislation.
ON BEHALF OF THE BOARD
“David Berg”Chief Executive Officer and
Director
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT
RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS
RELEASE.
This news release contains forward-looking
statements that are based on the Company’s expectations, estimates
and projections regarding its business and the economic environment
in which it operates, including with respect to completion of the
Offering and the timing thereof. Although Block One believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and involve risks and uncertainties that are
difficult to control or predict. Therefore, actual outcomes and
results may differ materially from those expressed in these
forward-looking statements and readers should not place undue
reliance on such statements. Factors that could cause actual
results to differ materially from those in forward-looking
statements include fluctuations in the price of Bitcoin, general
economic, market or business conditions, including the general
acceptability of Bitcoin and cryptocurrency, risks associated with
regulatory changes, availability of personnel, materials and
equipment on a timely basis, accidents or equipment breakdowns,
uninsured risks and receipt of necessary Exchange approvals. These
forward-looking statements speak only as of the date on which they
are made, and the Company undertakes no obligation to update them
publicly to reflect new information or the occurrence of future
events or circumstances, unless otherwise required to do so by
law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release and has in no way passed
upon the merits of the qualifying transaction and has neither
approved nor disapproved of the contents of this press release.
FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc. Office: 604-908-3095
Email: info@blockonecap.com
GlobalBlock Digital Asse... (TSXV:BLOK)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025
GlobalBlock Digital Asse... (TSXV:BLOK)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025