BLOK Digital Announces Non-Brokered Private Placement

Executive Summary

• BLOK Digital Ltd. announced a non‑brokered private placement of up to 10,000,000 common shares at $0.10 per share, targeting gross proceeds of up to $1,000,000.
• Net proceeds are intended to fund the acquisition of assets or a combination with another business to facilitate a return to the TSX Venture Exchange, as well as for general corporate and working‑capital purposes.
• The placement is subject to exchange approval, includes a four‑month hold period on the securities, and may involve payment of a commission or finder's fee to eligible parties.

Key Details

• Offering Size: Up to 10,000,000 common shares.
• Price per Share: $0.10.
• Gross Proceeds Target: Up to $1,000,000.
• Placement Type: Non‑brokered private placement (non‑broad‑based offering).
• Regulatory Conditions: Subject to approval by the TSX Venture Exchange; securities will be subject to a four‑month hold period in accordance with applicable securities laws.
• Use of Proceeds:
• Pursue acquisition of assets or a business combination that would enable BLOK Digital’s return to the TSX Venture Exchange.
• General corporate and working‑capital purposes.
• Commission/Finders’ Fee: Company may pay a commission or finder's fee to eligible parties, subject to exchange approval and compliance with securities laws.
• Contact Information: Angus Campbell, CEO – Tel: +44 7881 625098; Email: [email protected].

Notable Quotes

(No direct quotes were provided in the release.)