Mr. Harald Seemann reports
BLOX LABS COMPLETES SHARE CONSOLIDATION AND NAME CHANGE, CLOSES PRIVATE
PLACEMENT OF POST-CONSOLIDATED EQUITY UNITS
Blox Labs Inc. has completed its one-for-two share consolidation and its name change from Big
Rock Labs Inc. to Blox Labs Inc.
The common share consolidation record date was Nov. 22, 2017, and the common share
consolidation became effective that day. In connection with the share consolidation, in accordance with
Canadian Securities Exchange Policy 9 Section 3.1, the company changed its name to Blox Labs Inc. To align with this
new name, the company also completed a CSE trading symbol change to BLOX.
Blox has closed its non-brokered private placement financing announced on
Nov. 8, 2017. The company raised gross proceeds of $700,000 through the issuance of 14
million postconsolidated units at a price of five cents per unit. Each unit consists of one postconsolidated
common share and one-half of one postconsolidated common share purchase warrant. Each whole
warrant is convertible into one common share at a price of 10 cents per share and is exercisable for a
period of 24 months.
Proceeds of the offering will be used for continuing software development, including the assessment and
development of blockchain applications and identifying business acquisitions and partnerships in the
technology sector, as well as for general working capital, marketing and corporate purposes. The
securities issued by the company in connection with the offering are subject to a four-month-plus-one-day resale restriction following the date of distribution under applicable Canadian provincial securities
About Blox Labs Inc.
Blox Labs is a boutique technology development company that is focused
on creating best-in-class smart phone apps and software solutions that are driven by emerging trends in blockchain, smart contracts and decentralized application technologies. Blox is actively targeting
strategic acquisitions of high-growth companies in the technology sector and is open to partnerships.
We seek Safe Harbor.
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