GlobalBlock Digital Asset Trading Limited announced a non brokered private placement of 6,000,000 units at an issue price of CAD 0.05 for the gross proceeds of CAD 300,000 on May 17, 2023. Each unit comprised of one common share and one common share purchase warrant. Each whole warrant holder entitle to acquire one common share of the company for a period of 12 month from issuance of warrant, at an exercise price of CAD 0.1 per share.

The transaction is subjected to approval from TSX venture exchange. All securities issued in the transaction is subject to four month hold period in accordance with applicable securities law. The company may pay finders fees to eligible parties in accordance with the transaction.