GlobalBlock Digital Asset Trading Limited announced a non-brokered private placement up to 14,300,000 equity units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 715,000 on March 30, 2023. Each unit will be comprised of one common share and one common share purchase warrant. Each whole warrant will entitle the holder to acquire one common share for a period of 12 months from the date of issuance of the warrant, at an exercise price of CAD 0.10 per share.

The transaction is subject to the approval of the TSX Venture Exchange. The transaction is subject to a four-month hold period, in accordance with applicable securities laws. The company may pay a commission or finder's fee to eligible parties in connection with transaction, subject to the approval of the TSX Venture Exchange and compliance with applicable securities laws.