GlobalBlock
  • GlobalBlock Digital Asset Trading (BLOK) intends to complete a non-brokered private placement for gross proceeds of up to $1,000,000
  • GlobalBlock plans to use the proceeds towards its search for businesses to acquire or combine with and for general and administrative expenses
  • GlobalBlock Digital is a digital asset broker that provides personalized telephone brokerage service, trading platform and mobile app
  • GlobalBlock Digital Asset Trading Ltd (BLOK) is down 50.00 per cent, trading at C$0.03 per share at 9:40 am ET

GlobalBlock Digital Asset Trading (BLOK) intends to complete a non-brokered private placement for gross proceeds of up to $1,000,000.

The company plans to issue up to 20,000,000 equity units at $0.05 per unit. Each unit will comprise of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at $0.10 for 12 months from the issue date.

GlobalBlock plans to use the proceeds towards its search for businesses to acquire or combine with after it has completed its proposed disposition of its digital asset broker business and for general and administrative expenses.

The company may pay a commission or finder’s fee to eligible parties in connection with the private placement.

All securities issued will be subject to a statutory four-month hold period. The private placement is subject to the approval of the TSX Venture Exchange. 

About GlobalBlock Digital Asset Trading

GlobalBlock Digital is a digital asset broker that provides personalized telephone brokerage service, trading platform and mobile app. The company act as a trusted agent serving the digital asset needs of individuals, corporates, institutional financial firms and intermediaries. It provides execution trading and safe custody of digital assets.

GlobalBlock Digital Asset Trading Ltd (BLOK) is down 50.00 per cent, trading at C$0.03 per share at 9:40 am ET.

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