BLOK Technologies Inc. (CNSX:BLK) announced that it has entered into an subscription agreement a non-brokered private placement of 32,000,000 common shares at price of CAD 0.05 for gross proceeds of CAD 1,600,000 on August 19, 2019. All securities issued in the transaction will be subject to a statutory hold period expiring four months and one day after closing of the transaction. The transaction is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Canadian Securities Exchange. The transaction has been approved by all the directors of the company.