Tortola, British Virgin Islands – Blockchain Holdings Ltd. (the “Company”) (CSE: BCX) announces a non-brokered private placement offering of up to 1,000,000 common shares at a price of C$0.30 per share (the “Offering”) for gross proceeds of up to C$300,000. The Company may pay a finder's fee in connection with the Offering.
All securities to be issued pursuant to the Offering will be subject to a statutory hold period of four months and a day from issuance under applicable Canadian securities law. The proceeds of the Offering are planned to be used for working capital and other corporate objectives.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the shares in the United States. The shares 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 state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Company is also pleased to announce that it has awarded 4,250,000 performance share awards to certain officers of the Company. Each performance share award represents, on vesting (upon satisfaction of certain milestones applicable to 2,550,000 of the awards over a three-year period) one common share in the capital of the Company.
About Blockchain Holdings Ltd.
Blockchain Holdings is developing a suite of services that provide investors and fund managers with unique insights into the growing ecosystem of crypto-assets as well as actively seeking other opportunities in the technology sector. Through our proprietary portal BCXdata.com, it captures and aggregates data from different blockchains which gives users an institutional-grade analysis package that forms the basis for an extended suite of product offerings in the future.