VANCOUVER, British Columbia, Jan. 22, 2019 (GLOBE NEWSWIRE) -- DLTa21 Blockchain Corp. (“ DLTa21 "), a global blockchain development company, is pleased to announce that it has closed the first tranche (the “ Financing ”) of its previously announced non-brokered private placement financing of up to CAD$3 million. A total of 3,400,000 shares at CAD$0.25 per shares have been issued for total gross proceeds to the company of CAD$850,000.
All of the securities issued in the Offering will be subject to a four-month hold period from the date of closing. DLTa21 intends to use the net proceeds from the Offering to continue advancing its cryptocurrency exchange license in Japan and for general corporate purposes.
The Corporation paid a total of CAD$69,000 cash finder's fees on subscriptions under the Financing, together with 168,000 share purchase warrants (the “ Warrants ”). Each warrant entitles the holder to purchase one common share of DLTa21 at CAD$0.25 per common share for a period of 18 months from Closing.
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction.
About DLTa21
DLTa21 was launched in April 2018 as a global blockchain development company active in several fields: DLTa21X, which, in partnership with Coinsquare, is working to launch a centralized cryptocurrency exchange in Japan; DLTa21 Ventures, which employs rigorous strategic due diligence methodologies to either invest in, joint venture with or help incubate the most promising blockchain start-ups; and, a unit trust fund, DLTa21 Cayman Fund, which offers accredited investors quantitative cryptocurrency trading strategies and opportunities to invest in carefully-screened, early-stage blockchain start-ups.
On behalf of the Board of Directors of DLTa21 Blockchain Corp.
“B. Matthew Hornor”
B. Matthew Hornor Executive Chairman
For further information please contact:
DLTa21 Blockchain Corp B. Matthew Hornor, Executive Chairman Email: mh@dlta21.com Telephone: 778-955-6133 www.dlta21.com
