Dec. 12, 2017 — Further to the Company’s press release of December 11, 2017, Block One Capital Inc. (TSXV:BLOK), (Frankfurt:ES3) (the “Company” or “Block One”), has, due to increased demand, increased its non-brokered private placement offering to be comprised of eight million units at a price of $1 per unit for gross proceeds of $8-million.
The Company may, at its discretion over-allot the offering, to offer up to an additional 2,000,000 units under the offering, which would raise additional gross proceeds of up to $2.0-million, which would result in total gross proceeds of up to $10-million to be raised under the offering.
Block One will pay a commission or finder’s fee to qualified parties of 8 percent of the private placement proceeds in units equal to 8 percent of the number of units sold in the private placement. The compensation units shall have the same terms as the units.
Closing of the offering is subject to a number of conditions, including receipt of TSX-V approval. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.
ON BEHALF OF THE BOARD
Chief Executive Officer and Director