Toronto, Ontario – (Newsfile Corp. – January 14, 2021) – Graph Blockchain Inc. (CSE: GBLC) (“Graph” or the “Company”) is pleased to announce that 5,845,700 of the previously issued share purchase warrants (” Warrants “) and the stock purchase options (” Options “) have been exercised resulting in gross proceeds of $ 300,742 to the Company to pursue the ongoing review of M&A opportunities.
In addition, the company announces that Andrew Ryu, the chief executive officer and chairman, has exercised a total of 5,500,000 options and warrants to improve the company’s balance sheet as follows:
500,000 warrants at $ 0.06
5,000,000 options at $ 0.05
The Company has granted incentive stock options to directors, officers, consultants and employees of the Company to purchase up to 14.5 million common shares in the Company’s capital under the Company’s Stock Option Plan. The options can be exercised at a price of 9.5 cents per share and expire two years from the date they are granted.
About Graph Blockchain Inc.
The company is developing leading private blockchain business intelligence and data management solutions that it will implement into a blockchain-powered e-commerce marketplace for the sale of psychedelic and ancillary products in law fields.
Further information on the company can be found at: www.graphblockchain.com
For more information please contact:
Phone: +1 604-442-2425
This press release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may be forward-looking statements. In some instances, forward-looking statements may be identified by words or expressions such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potentially”, “suggested”, “estimated”, “believe” or the negative of these terms or other similar words, expressions and grammatical variations thereof or statements that “may” or “will” “happen to” or through certain events or conditions Strategy Discussions Readers are cautioned to carefully consider these and other factors, uncertainties and potential events and not place undue reliance on forward-looking statements, as such statements could prove to be incorrect and actual results could differ materially from those anticipated.
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The forward-looking statements contained in this press release are expressly qualified by these cautionary statements and reflect the company’s expectations as of the date of this document. Subject to changes. The company undertakes no obligation to update or revise any forward-looking statements as a result of new information, estimates or opinions, future events or results or for any other reason, or to explain material differences between subsequent actual events and such forward-looking information, except as required by law.
The source version of this press release can be found at https://www.newsfilecorp.com/release/72108