09:27:50 EST Sat 02 Dec 2023
Enter Symbol
or Name

Login ID:
Graph Blockchain Inc
Symbol GBLC
Shares Issued 450,213,131
Close 2022-01-27 C$ 0.035
Recent Sedar Documents

Graph Blockchain closes Niftable acquisition

2022-01-28 09:38 ET - News Release

Mr. Paul Haber reports


Graph Blockchain Inc., further to its press release dated Jan. 24, 2022, has completed its acquisition of Niftable Inc., a charity focused non-fungible token (NFT) company. Niftable now is a wholly owned subsidiary of Graph.

Niftable connects charities and artists to the NFT world providing a platform and expertise for the sale and post-sale NFTs on behalf of charities.

Pursuant to the share exchange agreement between the company, Niftable and the shareholders of Niftable, the purchase price of $2.6-million was satisfied through the issuance of an aggregate of 52 million consideration shares in the capital of the company, at a deemed price of five cents per share.

Issuance of the shares was subject to the receipt of regulatory approvals including, without limitation, the approval of the Canadian Securities Exchange and other conditions, and will be subject to any statutory hold periods under applicable securities legislation.

Michael Yeung, founder and president of Niftable, commented: "While NFTs were created to give artists management over their work, this has generated a flurry for art collectors looking to participate. As NFT art speculation increases, a growing number of charities have begun to explore fundraising efforts tied to NFTs. Niftables marries the charities with artists as a way to both reach a broader audience. We are excited to be joining the Graph family of companies adding another element of NFTs to their business."

"Graph's acquisition of Niftable provides us exposure to the charity NFT market, with hundreds of thousands registered charities globally, and will benefit artists to digitally showcase their talents and give them a segue into the world of charities," said Paul Haber, chief executive officer of the company.

About Graph Blockchain Inc.

Graph Blockchain provides shareholders with exposure to various areas of decentralized finance (DeFI). Focusing on altcoins through its wholly owned subsidiaries Babbage Mining Corp., a Proof of Stake miner and Beyond the Moon Inc., an IDO focused company, Graph gives investors exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains altcoins represent. In addition, through its investment in New World, Graph is providing its shareholders with exposure to the rapidly growing and emerging NFT market.

We seek Safe Harbor.

© 2023 Canjex Publishing Ltd. All rights reserved.