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Graph Blockchain Announces Closing of Non-Brokered Private Placement

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Toronto, Ontario–(Newsfile Corp. – February 19, 2021) – Graph Blockchain Inc. (CSE: GBLC) (the Company or Graph“) is pleased to announce that further to its press release dated January 26, 2021 that it has closed the previously announced non-brokered private placement financing (the “Financing“).

The Company completed the Financing through the offering of units of the Company (the “Financing Units“) and raised aggregate gross proceeds in the amount of $2,316,000 through the issuance of 28,950,000 Financing Units at a price of $0.08 per Financing Unit. Each Financing Unit is comprised of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Each Warrant is exercisable into one Common Share at a price of $0.10 per Common Share for a period of eighteen (18) months from the issuance date, subject to the exercise of an acceleration right by the Company (the “Acceleration Right“).

Pursuant to the Financing, an aggregate of $111,440 in finder’s fees were paid and 1,393,000 compensation warrants (the “Finder’s Warrants“) were issued to certain finders in connection with the closing of the Financing. Each Finder’s Warrant is exercisable into one Common Share at price of $0.10 per Common Share for a period of eighteen (18) months, subject to the exercise of the Acceleration Right.

The securities issued by the Company pursuant to the Financing have a four (4) month and one day hold period in accordance with Canadian securities laws.

The net proceeds from the Financing are intended to be used by the Company primarily to acquire additional miners, expand infrastructure through an investment in Babbage, marketing, and general working capital.

About Graph Blockchain Inc.

The Company is a blockchain development company that provides high performance blockchain solutions that include graphic data analysis and consulting services, implementation of data mining analysis through the use of graph databases and speed enhancements of blockchain control systems for businesses and government. This includes Babbage Mining Corp., a wholly-owned subsidiary of the Company, which will focus on Altcoins, alternative cryptocurrencies to Bitcoin. By mining Altcoins through Proof of Work and Proof of Stake, Babbage is able to give its investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains that Altcoins represent.

Additional Information on the Company is available at www.graphblockchain.com and www.babbagemining.com

For further information, please contact:
Jamie Hyland
Phone :604.442.2425
Email: [email protected]

NONE OF THE SECURITIES TO BE ISSUED PURSUANT TO THE TRANSACTION HAVE BEEN OR WILL BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND ANY SECURITIES ISSUED PURSUANT TO THE TRANSACTION ARE ANTICIPATED TO BE ISSUED IN RELIANCE UPON AVAILABLE EXEMPTIONS FROM SUCH REGISTRATION REQUIREMENTS. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES.

Neither the Canadian Securities Exchange nor its Regulation Services Provider have reviewed or accept responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. In particular, forward-looking information in this press release includes, but is not limited to, the anticipated use of the proceeds by the Company from the Financing for purposes of acquiring additional miners, expanding its infrastructure, marketing, and working capital purposes. In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions regarding, among other things: the Company’s ability to find acquisitions in the cryptocurrency mining space and management’s ability to successfully develop and execute its strategy. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.

Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Risk factors include but are not limited to, business disruption risks relating to COVID-19; regulatory risks, including those related to cryptocurrency, alt-coins, Blockchain technology, privacy and data security; market volatility; and general industry risks associated with a nascent industry such as Blockchain technology. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaim any obligation to revise or update any such forward-looking information or to publicly announce, the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/74920

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Global Digital Lending Platform Market Forecast to Surge, Reflecting a Projected CAGR of 21.9% Through 2028 with Focus on Asia-Pacific Regional Growth

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Blockchain

Investview to Expand into the Securities Brokerage Business – Completes the Acquisition of Broker-Dealer, “Opencash Securities, LLC”. – Updated

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Blockchain

DeFi Technologies’ Wholly-Owned Subsidiary Valour Inc., Bitcoin Suisse AG, and STOXX Launch the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP

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DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (NEO: DEFI) (GR: MB9) (OTC: DEFTF), a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi”), is pleased to announce that its subsidiary, Valour Inc. (“Valour”), a leading issuer of exchange traded products (“ETPs”) that provide simplified access to digital assets, has partnered with Bitcoin Suisse AG, and STOXX in launching the innovative 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP. This pioneering product marks a significant step forward in the digital asset market, providing a diversified investment approach to the top blue-chip digital assets in a simple and secure manner.

This new ETP is built upon the existing partnership between Valour and Bitcoin Suisse AG (“Bitcoin Suisse”), initially formed to develop Exchange Traded Products (ETPs) backed 1:1 by digital assets. This collaboration has been leveraging the unique capabilities and extensive expertise of both Valour and Bitcoin Suisse in the digital asset market. The primary focus of their joint efforts is to launch, list, operate, and distribute ETPs in both the international and Swiss markets. Swiss crypto-finance and technology pioneer Bitcoin Suisse, with its established brand recognition in the crypto assets sector, complements Valour’s role as an issuer of ETPs and provider of an exchange listing platform for digital assets.

Andrej Majcen, Chief Executive Officer of Bitcoin Suisse, commented “With this index based ETP, we are excited to be able to offer the possibility to passively diversify into the digital asset market. Our goal is to enable investors to make more informed investment decisions by providing them with professional tools in a maturing market. The Blue-Chip Index is derived methodically from a systematic rule set, making digital asset selection for portfolio diversification more accessible and less complex. Once more, Bitcoin Suisse continues to demonstrate its strength as a pioneer by delivering the first leading smart beta investment product for digital assets. With a rule based asset selection, the Blue-Chip Index is Europe’s first investment alternative to pure top market cap crypto asset strategies. We are proud to collaborate with well established and trusted partners in the global financial markets for the launch of this innovative product.“

The 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP is uniquely structured to track the performance of the STOXX Digital Asset Blue Chip X Index. This index offers exposure to leading assets within the broader STOXX Digital Asset Blue Chip Index, specifically those trading on Xetra. The ETP employs a rule-based passive index methodology, meticulously designed to encompass a comprehensive spectrum of the cryptocurrency market.

Assets are classified into sectors such as Cryptocurrency, General Purpose Smart Contract Platform, Decentralized Finance (DeFi), Utility, and Culture, using the Bitcoin Suisse Global Crypto Taxonomy (GCT). The selection of assets is based on a rigorous multi-step process aimed at identifying the most influential and representative assets in each sector. This selection is re-evaluated quarterly, ensuring the ETP remains reflective of the dynamic digital asset market.

“With a maximum weighting limit of 30% for each underlying crypto, the new 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP serves as the perfect tool for entering the crypto world with just one position in your portfolio,” adds Marco Infuso, Chief Sales Officer at Valour. “It can be used as a kind of satellite approach in an institutional portfolio and is ideal as a monthly savings plan solution for retail customers.”

This ETP is the result of a synergistic collaboration between Valour, Bitcoin Suisse, and STOXX, each bringing unique strengths to the table. Valour provides its proven expertise in ETP issuance, Bitcoin Suisse offers its deep-rooted experience in the crypto-finance and technology domain, and STOXX contributes its renowned capabilities in index creation and management.

The post DeFi Technologies’ Wholly-Owned Subsidiary Valour Inc., Bitcoin Suisse AG, and STOXX Launch the 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETP appeared first on HIPTHER Alerts.

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