BLOK Digital Completes $1 Million Non-Brokered Private Placement

Executive Summary

• BLOK Digital Ltd. completed a non‑brokered private placement raising $1 million by issuing 10,000,000 common shares at $0.10 per share.
• Net proceeds will be used to settle debts/payables, update continuous disclosure records (including potential TSX Venture Exchange listing), and for general corporate/working capital purposes.
• A cash finder's fee of $6,600 is payable to Haywood Securities Inc.; the shares are subject to a four‑month hold period.

Key Details

• Private Placement Size: Aggregate proceeds of $1 million.
• Shares Issued: 10,000,000 common shares at $0.10 per share.
• Use of Proceeds:
• Settlement of outstanding or projected debts/payables.
• Bring continuous disclosure record up to date (including acquisition of assets or combination with a business to enable return to the TSX Venture Exchange).
• General corporate and working‑capital purposes.
• Hold Period: Shares subject to a four‑month hold period from closing, per securities law requirements.
• Finder’s Fee: Cash fee of $6,600 payable to Haywood Securities Inc. for subscriber introductions.
• Regulatory Notices:
• Not an offer in the United States; U.S. securities laws compliance statements included.
• Forward‑looking statements disclaimer provided.

Notable Quotes

• “We are pleased to have successfully completed this financing, which provides us with the capital needed to address our obligations and pursue strategic initiatives that could return BLOK Digital to the TSX Venture Exchange,” – Angus Campbell, CEO.