Run for the hills! This explains the huge drop in BLOX.Blox Labs Announces Management and Director Changes
Toronto, Ontario - March 29, 2018 - Blox Labs Inc. (“BLOX” or “the Company”) (CSE: BLOX) (Frankfurt: BR1B) announces today that Director Jeffrey (“Jeff”) Zanini has been appointed as the new Chief Executive Officer of the Company, effective immediately. Mr. Zanini has more than 25 years of experience as a Senior Executive in Supply Chain Logistics. He has a track record for building best-in-class organizations with a relentless focus on growth strategies and profitability. Harald Seemann has resigned as Chief Executive Officer and Director of the Company, effective immediately. Mr. Seemann has advised the Company that he is the subject of a regulatory investigation being conducted by the Ontario Securities Commission. Mr. Seemann is unable to provide further information relating to the regulatory investigation at this time. The Company is advised by Mr. Seemann that he is cooperating with the regulatory investigation and that he believes the matter will be resolved in the near future. The Board of Directors of BLOX wishes to thank him for his contributions to the Company, including a successful corporate restructuring at the end of 2017. In addition, Jerry Habuda has been appointed to the Company’s Board of Directors, effective immediately. Mr. Habuda enjoyed a long and distinguished career with the Toronto Police Department and has over 35 years of experience in law enforcement and specialized units.