Mr. Daniel Feldman reports
GREEN BLOCK MINING PROVIDES DEFAULT STATUS UPDATE
Green Block Mining Corp. (formerly Link Global Technologies Inc.) has provided a default status report in accordance with the alternative information guidelines set out in National Policy 12-203 -- Management Cease Trade Orders.
On March 31, 2022, the company announced that it made an application to the British Columbia Securities Commission (the BCSC) to approve a temporary management cease trade order (MCTO) on the basis that it would be unable to file its annual financial statements, accompanying management's discussion and analysis, and required certifications for the year ended Nov. 30, 2021, on or before the prescribed filing deadline of March 30, 2022, as required by National Instrument 51-102 -- Continuous Disclosure Obligations and NI 52-109 -- Certification of Disclosure in Issuer's Annual and Interim Filings, respectively. The application was approved by the BCSC on March 29, 2022, and the MCTO was issued by the BCSC on Feb. 28, 2022. The MCTO prohibits trading in securities of the company by certain insiders of the company, whether direct or indirect. The MCTO requires the annual filings to be filed on or before May 30, 2022.
On May 27, 2022, after review, the BCSC granted a further extension for the filing of the annual filings until June 29, 2022, as well as an extension for the filing of the company's interim financial statements and corresponding management's discussion and analysis for the three-month period ended Feb. 28, 2022, including the related CEO (chief executive officer) and CFO (chief financial officer) certifications, which must be filed within five business days of the filing of the annual filings. The company anticipates that the annual filings will be filed on or before June 29, 2022, and its interim financial statements for the three-month period ended Feb. 28, 2022, will be filed shortly after.
There have been no material changes to the information contained in the default announcement or any other changes required to be disclosed under NP 12-203.
The company will continue to provide biweekly updates, as required by NP 12-203, until the annual filings have been filed. The company confirms it will continue to satisfy the provisions of the alternative information guidelines set out in sections 9 and 10 of NP 12-203 so long as it remains in default of the requirement to file the annual filings.
About Green Block Mining Corp.
Green Block is engaged in providing infrastructure and operating expertise for digital mining and data hosting operations. Green Block's objectives include locating and securing, for lease and option to purchase, properties with access to low-cost, reliable power, and deploying this low-cost power to conduct digital mining and supply clean energy and infrastructure for other data-hosting services.
We seek Safe Harbor.
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