VANCOUVER, British Columbia, June 06, 2018 (GLOBE NEWSWIRE) -- Cryptobloc Technologies Corp. (“Cryptobloc” or the “Company”) (CSE:CRYP) (OTCMKTS:CRYBF) (Frankfurt Stock Exchange:GR9) is pleased to report that it has closed its previously announced non-brokered private placement of units (each, a “Unit”) of the Company at $0.15 per Unit (the “Private Placement”), for gross proceeds of $4,500,000.
Each Unit consists of one common share in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”) of the Company, each Warrant entitling the holder to purchase one additional Share at a price of $0.25 per Share until June 6, 2020.
The proceeds from the Private Placement are anticipated to be used for general working capital and towards new acquisitions.
About Cryptobloc Technologies Corp.
Based in Vancouver, BC - Cryptobloc Technologies Corp. is focused on developing and implementing blockchain, distributed ledger, closed loop, and cryptocurrency services for Government and commercial partners. Cryptobloc is committed to developing innovative and disruptive solutions that constantly improve active business practices for our partners.
Cryptobloc Technologies Corp. is a public company, traded in Canada, U.S. and Germany under the symbols CSE:CRYP, OTCMKTS:CRYBF, and FRA:GR9.
On behalf of the Board of Directors,
Neil Stevenson-Moore, CEO
Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website, www.cryptobloctech.com.
Neil Stevenson-Moore
Phone: (888) 787-2797
Website: www.cryptobloctech.com
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including in regards to the use of proceeds from the Private Placement. Although the Company’s management believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward- looking information because the Company cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release, and the Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
