Vancouver, British Columbia--(Newsfile Corp. - December 21, 2017) - GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (TSXV: BLOC)
(FSE: BWSP) (OTC Pink: BLKCF) ("GBT" or the "Company") is pleased to announce that further to its news release
dated November 7, 2017, the Company has closed its offering issuing a total of 16,849,170 units (the "Units") on a bought
deal private placement basis, at a price per Unit of $2.55, for gross proceeds of $42,965,383.50 (the "Offering").
Each Unit consists of one common share of the Company (a "Common Share") and one common share purchase warrant (a
"Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at a price of $3.50 for a period of 24
months from the closing of the Offering.
The net proceeds of offering will be used to fund further investments by the Company pursuant to its investment mandate,
including the Company's acquisition of Coinstream Mining Corp.
The Offering was led by Canaccord Genuity Corp. with a syndicate of underwriters including Clarus Securities Inc., Eight Capital
and Haywood Securities Inc. In consideration for their services, the underwriters received a cash commission of 7% of the gross
proceeds from the Offering and non-transferable compensation options equal to 7% of the number of Units issued pursuant to the
Offering. Each Compensation Option is exercisable for one year from the closing date of the Offering to acquire Units consisting of
one Common Share and one Warrant at a price of $2.55 per Unit, with the Warrants being exercisable for a period of one year from
the closing date at a price of $3.50 per Common Share.
All Common Shares and Warrants issuable upon the closing of the Offering will be subject to a statutory hold period lasting four
months and one day following from the closing date of the Offering.
Shidan Gouran, President of Global Blockchain noted, "We are very pleased to have brought in some strong and supportive new
shareholders via this offering. We look forward to executing on our investment mandate and accretively building value for our
investors in 2018 and beyond, as BLOC's team of experts navigates our exciting and dynamic area of focus."
The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the
"U.S. Securities Act") or any U.S. state securities laws, and were not offered or sold in the United States or to, or for
the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements
of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or
the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.
For more information, please contact info@globalblockchain.io
About Global Blockchain Technologies Corp.
Global Blockchain Technologies Corp. is an investment company providing investors access to a basket of holdings within the
blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies. GBT is focused on
streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain
exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top-tier
blockchains and digital currencies.
GBT is listed on the TSX Venture Exchange and its common shares trade under the ticker symbol "BLOC." Other information relating
to GBT is available on SEDAR at www.sedar.com as well as on the Company's website at www.globalblockchain.io.
On behalf of:
GLOBAL BLOCKCHAIN TECHNOLOGIES CORP.
Shidan Gouran
President
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws. Generally, any
statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified
by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases
or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved".
Forward-looking information includes, but is not limited to the impact of the appointments on the Company, the Company's projected
asset allocations; business strategy and investment criteria; the timing for implementation of financial auditing and corporate
governance standards applicable to cryptocurrencies and Initial Coin Offerings ("ICO's"); the rate of cryptocurrency adoption and
the resultant effect on the growth of the global cryptocurrency market capitalization. The Company has no assets and its business
plan is purely conceptual in nature and there is no assurance that it will be implemented as set out herein, or at all.
Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such
statements are made, including but not limited to: statements and expectations regarding the ability of the Company to (i)
successfully engage senior management with appropriate industry experience and expertise, (ii) gain access to and acquire a basket
of cryptocurrency assets and pre-ICO and ICO financings on favourable terms or at all, (iii) successfully create its own tokens and
ICO's, and (iv) execute on future M&A opportunities in the cryptocurrency space; receipt of required regulatory approvals; the
availability of necessary financing; permitting and such other assumptions and factors as set out herein. Forward-looking
information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: risks related to changes in cryptocurrency prices; the estimation of
personnel and operating costs; general global markets and economic conditions; risks associated with uninsurable risks; risks
associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry experience and
expertise; risks associated with changes in the financial auditing and corporate governance standards applicable to
cryptocurrencies and ICO's; risks related to potential conflicts of interest; the reliance on key personnel; financing,
capitalization and liquidity risks including the risk that the financing necessary to fund continued development of the Company's
business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of
additional common shares of the Company; the risk of litigation. Although the Company has attempted to identify important factors
that could cause actual results to differ materially from the forward-looking information set out in this presentation, there may
be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such
forward-looking information will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and
the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to
forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
