VANCOUVER, British Columbia, March. 26, 2018
- BLOK Tech intends to use the net proceeds from the Offering as follows:
Investment in and development of emerging blockchain technology (66%); and
- General working capital purposes (33%).
The intended uses of proceeds and/or the company’s development capital needs may vary based upon a number of factors. Further discussion of compensation to be paid to the Agents can be found in the Company’s previous news release on March 13, 2018. Closing of the Offering is expected to occur on or about April 5, 2018 (the “Closing Date”).
BLOK Tech confirms that there is no material fact or material change about it that has not been generally disclosed.
About BLOK Technologies Inc.
BLOK Technologies Inc. is a public company that invests in and develops emerging companies in the blockchain technology sector. The Company’s approach is to provide capital, technology and management expertise to the companies it develops. With core technology being developed for the leading cannabis supply chain integrity network, BLOK Tech continues to grow its business into adjacent industries and emerging technologies. The Company systematically identifies early-stage technologies with potential to disrupt and innovate within their industry and invests the necessary resources to ensure the success of their projects.
For further information, please contact:
James Hyland, B.Comm.
Vice President Corporate Development, Director
ON BEHALF OF THE BOARD OF DIRECTORS
President & CEO
Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company’s control.