23:08:57 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Green Block Mining Corp
Symbol GBMC
Shares Issued 64,115,107
Close 2022-06-24 C$ 0.04
Market Cap C$ 2,564,604
Recent Sedar Documents

ORIGINAL: Green Block has no material changes

2022-06-24 16:42 ET - News Release

Received by email:

File: '\\office\emailin\20220624 131715 Attachment GREEN BLOCK News Release announcing update to MCTO - June 24, 2022.
--->DOCX'









 GREEN BLOCK MINING CORP. 
 Suite 1430, 800 West Pender Street | Vancouver, BC, V6C 2V7
CSE: GBMC 

For Immediate Release 


GREEN BLOCK MINING PROVIDES DEFAULT STATUS UPDATE
VANCOUVER, BC, CANADA, June 24, 2022, GREEN BLOCK MINING CORP. (Formerly Link Global Technologies Inc.) (CSE: GBMC) ("
--->Green Block" or the "Company"), an innovative power and infrastructure solutions provider for digital currency mining 
--->and data hosting operations, is providing a default status report in accordance with the alternative information guide
--->lines set out in National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"). 
On March 31, 2022, the Company announced (the "Default Announcement") that it made an application to the British Colum
--->bia 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 requ
--->ired certifications for the year ended November 30, 2021 (the "Annual Filings") on or before the prescribed filing dea
--->dline of March 30, 2022 as required by National Instrument 51-102, Continuous Disclosure Obligations and NI 52-109, Ce
--->rtification of Disclosure in Issuer's Annual and Interim Filings, respectively. The application was approved by the BC
--->SC on March 29, 2022 and the MCTO was issued by the BCSC on February 28, 2022. The MCTO prohibits trading in securitie
--->s 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 manageme
--->nt's discussion and analysis for the three-month period ended February 28, 2022, including the related CEO and CFO cer
--->tifications which must be filed within five business days of the filing of the Annual  Filings. The Company anticipate
--->s that the Annual Filings will be filed on or before June 29, 2022, and its interim financial statements for the three
--->-month period ended February 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 requ
--->ired to be disclosed under NP 12-203.
The Company will continue to provide bi-weekly updates, as required by NP 12-203, until the Annual Filings have been f
--->iled. The Company confirms it will continue to satisfy the provisions of the alternative information guidelines set ou
--->t 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 operati
--->ons. 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 i
--->nfrastructure for other data-hosting services.

Please bookmark the company's new website address:  https://greenblockmining.ca/.  A new and updated website will be l
--->aunched shortly.

On behalf of Green Block Mining Corp.

Daniel Feldman
Director

For more information, contact:
Daniel Feldman 
+1 (646) 703-4350
daniel@greenblockmining.ca 

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION. 
This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislati
--->on. Forward-looking statements consist of statements that are not purely historical and include any statements regardi
--->ng beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looking statements 
--->can be identified by the use of words such as "plans", "expects", "is expected", "forecast", "budget", "scheduled", "e
--->stimates", "forecasts", "intends", "anticipates", or "believes", or variations (including negative variations) of such
---> words and phrases, or statements that certain actions, events or results "may", "would", "could", "should" or "might"
---> occur. Forward-looking statements made in this news release include, but are not limited, to: the Company's expectati
--->on that the Annual Filings will be made by June 29, 2022, and its interim financial statements for the three-month per
--->iod ended February 28, 2022 will be filed shortly after, and other business plans of the Company. 
All such forward-looking statements are based on factors or assumptions that were applied in drawing a conclusion or m
--->aking a forecast or projection, including assumptions based on historical trends, current conditions and expected futu
--->re developments. Since forward-looking statements relate to future events and conditions, by their very nature they re
--->quire making assumptions and involve inherent risks and uncertainties. The Company cautions that although it is believ
--->ed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibilit
--->y that actual results may differ materially from the expectations set out in the forward-looking statements. In the ca
--->se of the Company, these risks, uncertainties, assumptions and other factors include, without limitation: that the Com
--->pany will unable to make the Annual Filings by June 29, 2022, that commercial relationships will not produce the antic
--->ipated results; those set out in the Company's most recent MD&A, fluctuations in the price of electricity, fluctuation
--->s in the price of digital currencies/Bitcoin, the future potential halving of Bitcoin, increases in the network diffic
--->ulty rate and price of digital currencies/Bitcoin, negative changes in the level of digital currency/Bitcoin rewards p
--->er block, the securing of economic rates for the purchase of power, the opportunities for acquiring digital currency m
--->ining hardware, unanticipated changes in laws, regulations or other industry standards affecting the business of the C
--->ompany, reliance on key management personnel, the Company's ability to implement its business plan, litigation risk, s
--->tock price volatility, the effects of general economic and other factors beyond the control of the Company, and other 
--->matters that may occur in the future. Given these risks, undue reliance should not be placed on these forward-looking 
--->statements, which apply only as of the date hereof. Other than as specifically required by law, the Company undertakes
---> no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.





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