World Blockchain corrects NR: placement at 1.6 cents

Mr. Hanxuan Wu reports WORLD BLOCKCHAIN CORP. ANNOUNCES CORRECTION TO PREVIOUSLY PRIVATE PLACEMENT ANNOUNCED FINANCING World Blockchain Corp. wishes to clarify and correct certain information contained in its news release dated May 28, 2026, announcing a proposed non-brokered private placement financing. The company advises that the subscription price disclosed in the May 28, 2026, news release was incorrect. The correct subscription price is 1.6 cents per common share, not 16 cents per common share. Accordingly, the company intends to undertake a private placement financing to raise gross proceeds of up to $300,000 through the issuance of up to 18.75 million common shares at a price of 1.6 cents per share. The closing shall occur on a date to be determined by the company in its sole discretion. All securities issued in connection with the financing are subject to a statutory hold period expiring four months and one day after the closing of the financing. Completion of the financing remains subject to receipt of all necessary regulatory approvals. The company intends to use the proceeds of the financing toward general working capital and to explore business opportunities. Except as expressly set forth herein, all other information contained in the company's May 28, 2026, news release remains unchanged.