17:09:07 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Acana Capital Corp (4)
Symbol ACM
Shares Issued 22,998,415
Close 2017-09-14 C$ 0.75
Market Cap C$ 17,248,811
Recent Sedar Documents

ORIGINAL: Acana Capital closes $3.5-million private placement

2017-09-19 17:43 ET - News Release

Received by email:

File: ACM - NR Close $0 35 PP - 2017-09-19 Final.docx


ACANA CAPITAL CORP CLOSES $3.5 MILLION PRIVATE PLACEMENT

Vancouver, British Columbia, September 19, 2017 - Acana Capital Corp. [CSE:ACM/FF:711] (the "Company" or "Acana") is p
--->leased to announce that it has completed its previously announced non-brokered private placement offering (the "Offeri
--->ng") (see press releases of July 28 and August 8, 2017) for gross proceeds of $3,500,000 through the sale of 10,000,00
--->0 shares at a price of $0.35 per share.  The private placement was fully subscribed.
In connection with the Offering, the Company paid eligible finders a cash commission of $20,650 and issued 267,634 fin
--->ders shares. 
All securities issued in connection with the Offering are subject to the following release schedule: 33% release in ei
--->ght months of closing; 33% release in 11 months of closing; and 34% in 14 months from the date of closing of this fina
--->ncing.  Completion of the offering is concurrent to, and a condition of, the previously announced acquisition of Block
--->chain Technology Group Inc. ("BIG") (see press release dated July 28, 2017), the premier provider of blockchain search
---> and data analytics globally.

Two insiders of the Company subscribed for an aggregate of 125,000 shares, which constitutes a "related party transact
--->ion" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transac
--->tions ("MI 61-101"). The issuance to the insiders is exempt from the formal valuation and the minority shareholder app
--->roval requirements of MI 61-101 as the fair market value of the shares issued to or the consideration paid by such per
--->son did not exceed 25% of the Company's market capitalization.   

About Blockchain

Blockchain is headquartered in Vancouver, BC, Canada and is an information technology company. As a developer of block
--->chain technology solutions, search and data analytics, Blockchain's proprietary platforms will globally target Governm
--->ents, Law Enforcement and the FinTech sector. Blockchain presently has two products: QLUE and BitRank. QLUE is an API 
--->(application program interface) platform for law enforcement to aid in the fight against financial crimes involving Bi
--->tcoin. It incorporates various techniques and advanced search algorithms to detect suspicious activity within Bitcoin 
--->transactions use of "dark web" tools such as TOR and other methods commonly used by criminals to cover illegal activit
--->ies. BitRank is a wallet risk scoring system that uses search and analytics systems to determine safety level of a Bit
--->coin transaction by ranking the wallets involved in the transaction on the blockchain. Additional information is avail
--->able on Blockchain website at www.blockchaingroup.io.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any
---> sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities issue
--->d, or to be issued, under the Offering have not been, and will not be, registered under the United States Securities A
--->ct of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemp
--->tion from registration requirements.

ON BEHALF OF THE BOARD

Kevin Ma
Chief Financial Officer 

Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking informati
--->on" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform A
--->ct of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any o
--->f the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expres
--->sions and statements relating to matters that are not historical facts are intended to identify forward-looking inform
--->ation and are based on the Company's current belief or assumptions as to the outcome and timing of such future events.
---> Actual future results may differ materially. In particular, this release contains forward-looking information relatin
--->g to the business of the Company, financing and certain corporate changes. The forward-looking information contained i
--->n this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking 
--->information, whether as a result of new information, future events or otherwise, except as required by applicable secu
--->rities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue re
--->liance on forward-looking information. The foregoing statements expressly qualify any forward-looking information cont
--->ained herein. 

These securities have not and will not be registered under United States federal or state securities laws and may not 
--->be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is
---> relied upon. This news release does not constitute an offer of securities for sale in the United States. 



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