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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES
Vancouver, British Columbia, Canada – TheNewswire - September 11, 2023 – Global Compliance Applications Corp. (“GCAC” or the “Company”) (CSE:APP) (FSE:2FA) (OTC:FUAPF) announces that it intends to extend the expiry date of an aggregate of 19,556,819 common share purchase warrants (the “Warrants”) by six months to March 25, 2023.
The Warrants were originally issued on September 25, 2020 and are currently set to expire on September 25, 2023. Each Warrant entitles the holder thereof to acquire one common share in the capital of the Company at a price of $0.05 per common share. Of the 19,556,819 Warrants outstanding, 13,636,365 are held by insiders of the Company. All other terms of the Warrants, including the exercise price, will remain unchanged.
About GCAC
GCAC is a global leader in designing and developing innovative blockchain technologies and machine learning solutions to improve real-world businesses. GCAC's leading solution is Efixii, an Ethereum Layer 2 blockchain and EVM programming functionality that is on par with other Layer- 2’s, such as Polygon. GCAC can quickly connect each participant from product producers, distributors, manufacturers and retailers through a series of value chain dApps that allows for data connectivity to drive better consumer experiences and sales. GCAC created clearESG to assist businesses in communicating their sustainability goals and earned attributes on the blockchain through a series of ESG (Environmental, Social & Governance) merit badges. As an interconnected supply chain solution, the Efixii solution pays tokens for attesting to a product’s value, or truthness, through a reward program. GCAC works in many agricultural industries providing a value-added blockchain offering through a cost-effective SaaS licensing model.
For more Company information, please visit www.gcac.tech or review its profiles on sedarplus.ca and on the Canadian Securities Exchange’s website www.thecse.com.
Press Contact
Phone: +1 (800) 409-5679
Email: info@cannappscorp.com
Forward-Looking Information
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release.
The securities of the Company referred to in this news release 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. Accordingly, the securities of the Company may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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