VANCOUVER, British Columbia, Dec. 27, 2018 (GLOBE NEWSWIRE) -- Cryptobloc Technologies Corp., (“Cryptobloc” or the “Company”) (CSE:CRYP), (OTCMKTS:RGTZF), (Frankfurt Stock Exchange:GR9) is pleased to announce that it has negotiated a non-brokered private placement (the "Private Placement") for total gross proceeds of up to $750,000. The Private Placement will consist of up to 10,000,000 post-consolidation units at a price of $0.075 per unit (each a “Unit”). Each Unit will be comprised of one post-consolidation common share and one common share purchase warrant (each a “Warrant”). Each Warrant will entitle the holder to acquire one post-Consolidation common share for a period of three years at a price of $0.10. Proceeds of the Private Placement will be used to pay outstanding debt and for general working capital. By news release dated December 12, 2018, the Company announced that it was proceeding with a 10 old for 1 new share consolidation, which consolidation shall take place prior to the Private Placement.
The securities issuable in connection with the Private Placement are subject to a statutory four month and one day hold period. Closing of the Private Placement is subject to receipt of applicable regulatory approvals, including the approval of the CSE.
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, OTCMKTS: CRYBF, and FRA: GR9.
On behalf of the Board of Directors
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,
Contact: Rob Abenante
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.