Mr.
Sergei Stetsenko reports
BLOCKCHAINK2 ANNOUNCES PROPOSED PRIVATE PLACEMENT OFFERING
BlockchainK2 Corp. plans to offer, on a private placement basis, up to 1,886,793 units at a price of 26.5 cents (19.5 U.S. cents) per unit for total proceeds of up to $500,000. Each unit comprises one common share in the capital of the company and one-half of one whole common share purchase warrant of the company. Each whole warrant is exercisable at a price of 40 cents (30 U.S. cents) per share for a two-year period from the date of issuance.
All securities issued in connection with the offering will be subject to a four-month statutory hold period. The company may pay a finder's fee may in cash and or share purchase warrants in accordance with the rules of the TSX Venture Exchange.
The proceeds of the offering will be used for general working capital purposes.
Closing of the proposed offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the TSX Venture Exchange.
We seek Safe Harbor.
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