GlobalBlock Digital Asset Trading Ltd (TSX-V:BLOK, OTC:BLVDF). plans to complete a non-brokered private placement to fund potential merger and acquisition opportunities, the company announced.
The company will offer 20 million equity units at a price of C$0.05 each for gross proceeds of $1 million.
Each until will consist of one common share and one share purchase warrant, exercisable at a price of $0.10 for 12 months.
Net proceeds from the offering are expected to be put toward GlobalBlock’s search for businesses to acquire or combine with, following the completion of the proposed disposition of its digital asset broker business.
Established in 2018 by an experienced team of financial services professionals, GlobalBlock Digital Asset Trading Limited acts as a trusted agent serving the digital asset needs of individuals, corporates, institutional financial firms and intermediaries, providing the best execution trading and safe custody of digital assets.
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