VANCOUVER, British Columbia, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Cryptobloc Technologies Corp., (“Cryptobloc” or the “Company”) (CSE:CRYP), (OTC:CRYBF), (FSE:GR9) announces that it will be consolidating the Company’s common shares on a 10 old for 1 basis (the “Consolidation”). The Company currently has 91,220,903 issued and outstanding common shares and on completion of the Consolidation there is expected to be 9,122,090 issued and outstanding common shares. The Board of Directors have determined the Consolidation is necessary in order for the Company to raise additional capital and seek new business opportunities.
Where the exchange results in a fractional share: if less than one-half, the number of common shares will be rounded down to the nearest whole common share; or, if equal to or greater than one-half, the number of common shares will be rounded up to the nearest whole common share. The Company’s Board of Directors approved the Consolidation, as permitted by the Company’s Articles and the Business Corporations Act (British Columbia).
About Cryptobloc Technologies Corp.
Based in Vancouver, BC - Cryptobloc Technologies Corp. is focused on developing and implementing Blockchain, Distributed Ledger, Closed Loop, and Cryptocurrency services for Government and commercial partners. Cryptobloc is committed to developing innovative and disruptive solutions that constantly improve active business practices for our partners.
Cryptobloc Technologies Corp. is a public company, traded in Canada, U.S. and Germany under the symbols CSE: CRYP, OTC: CRYBF, FSE: GR9
Rob Abenante, President and Director.
Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website. Investor enquiries are managed by Canada One:
Phone: 883 669-2797
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.