GLOBAL BLOCKCHAIN CLOSES DEAL FOR NEARLY $43M

(BLOC.V) Dec. 21, 2017 – Global Blockchain Technologies Corp. has closed its offering issuing a total of 16,849,170 units on a bought-deal, private-placement basis, at a price per unit of $2.55 for gross proceeds of $42,965,383.50.

Each unit consists of one common share of the company and one common-share purchase warrant. Each warrant entitles the holder to acquire one common share at a price of $3.50 for a period of 24 months from the closing of the offering.

The net proceeds of offering will be used to fund further investments by the company pursuant to its investment mandate, including the company’s acquisition of Coinstream Mining Corp.

The offering was led by Canaccord Genuity Corp. with a syndicate of underwriters including Clarus Securities Inc., Eight Capital and Haywood Securities Inc. In consideration for their services, the underwriters received a cash commission of 7 percent of the gross proceeds from the offering and non-transferable compensation options equal to 7 percent of the number of units issued pursuant to the offering.

Each compensation option is exercisable for one year from the closing date of the offering to acquire units consisting of one common share and one warrant at a price of $2.55 per unit, with the warrants being exercisable for a period of one year from the closing date at a price of $3.50 per common share.

All common shares and warrants issuable upon the closing of the offering will be subject to a statutory hold period lasting four months and one day following from the closing date of the offering.

“We are very pleased to have brought in some strong and supportive new shareholders via this offering,” said Global Blockchain president Shidan Gouran. “We look forward to executing on our investment mandate and accretively building value for our investors in 2018 and beyond, as BLOC’s team of experts navigates our exciting and dynamic area of focus.”

 

Global Blockchain Technologies is an investment company providing investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies. GBT is focused on streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top-tier blockchains and digital currencies.

Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.

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