Vancouver, BC (FSCwire) - 360 Blockchain Inc.
("360" or the "Company") (CSE: CODE – FWB: C5B – OTC: BKLLF) announces that it has undertaken a
non-brokered private placement of up to $2 million (the “Private Placement”) by the issuance of units at $0.15
per unit. Each unit will consist of one share and one warrant, each warrant entitling the holder to subscribe for one additional
share for $0.20 for a period of 2 years, with the Company retaining the right to accelerate the expiry date if shares of the
Company trade at $0.50 or above for 10 trading days. Proceeds will be used for working capital and potential business
investments
360 will complete a portion of the Private Placement pursuant to the conditions described in Multilateral CSA
Notice 45-318 Prospectus Exemption for Certain Distributions through an Investment Dealer ("CSA 45-318") and the corresponding
instruments, orders and rules implementing CSA 45-318 in the participating jurisdictions (collectively with CSA 45-318, the
"Investment Dealer Exemption"). In addition to conducting the Private Placement pursuant to the Investment Dealer Exemption, the
Company will also accept subscriptions for units where other prospectus exemptions are available, including from accredited
investors. In accordance with the Investment Dealer Exemption, the Company advises that, as at the date hereof, there is no
material fact or material change in respect of the Company that has not been generally disclosed. The Company further advises
that there is no minimum number of units being offered pursuant to the Private Placement.
About 360 Blockchain Inc.
Our Mission: To empower blockchain technologies with capital and experience to create
exponential value.
Company Description: 360 Blockchain Inc. has an all-round view to accelerate the
development and application of revolutionary blockchain technologies by investing capital and expertise. We are founded on the
belief that blockchain technology, essentially a distributed ledger which is transparent and incorruptible, has the potential to
transform the way business is conducted, delivering security, cost savings and efficiency gains not seen before in our internet
connected world. 360 Blockchain will be focused upon identifying and empowering blockchain technologies applying to
crypto-currencies, smart contracts, eSports, data management, the internet of things, equity trading, privacy applications and
beyond.
For further information, please contact:
Anil Mall
Investor Relations
Telephone: 1 (778) 806-5150
E-mail: IR@360blockchaininc.com
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements,
including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate
vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans
and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based
on information currently available to management. Often, but not always, forward-looking statements can be identified by the use
of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends",
"targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be
identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur
or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or
performance to materially differ from any future results or performance expressed or implied by the forward-looking information.
These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the
Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon
regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements,
whether as a result of new information, future events, or otherwise, except as required by securities laws.
To view the associated document to this release, please click on the following link:
public://news_release_pdf/360Blockchain01292018_0.pdf
To view the original release, please click here
Source: 360 Blockchain Inc. (CSE:CODE, OTC Bulletin Board:BKLLF, FWB:C5B)
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