(TheNewswire)
Toronto, Ontario / TheNewswire / June 1, 2018 - Blox Labs Inc . (“BLOX” or
“the Company”) (CSE: BLOX) (Frankfurt: BR1B) is pleased to announce that it intends to undertake a Non-Brokered Private Placement
offering (the “Offering”) for up to 20,000,000 common shares of the Company at a price
of $0.075 per common share for total gross proceeds of up to $1,500,000. BLOX intends to utilize the net
proceeds from the Offering for continued development of its blockchain projects including CannaBLOX, PetroBLOX and other similarly
related emerging blockchain technologies as well as for general working capital purposes. All securities issued in relation
to the Offering will be subject to a statutory hold period expiring four months and one day after closing of the financing.
Completion of the financing is subject to a number of conditions, including, without limitation,
receipt of all regulatory approvals, including approval of the Canadian Securities Exchange (“CSE”).
The Company may, in its sole discretion, pay a finder’s fee within CSE policy guidelines in
connection with the Offering.
About Blox Labs
Blox Labs Inc. is a technology development company focused on creating best-in-class software solutions driven
by emerging trends in Blockchain, Smart Contracts and Decentralized Applications. BLOX is helping customers with solutions for
business problems from proofs of concept through execution. The Company is currently piloting blockchain solutions for supply chain
management and improvement as well as other areas. BLOX is actively targeting partnerships and strategic acquisitions of growth
companies.
Blox Labs Inc.
Jeff Zanini, CEO and Director
Phone: +1.416.262.0871
Email: ir@bloxlabs.ca
Website: www.bloxlabs.ca
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news
release.
Forward-Looking Information
This news release includes forward-looking information within the meaning of
Canadian securities legislation concerning the business of the Company. Forward-looking information is based on certain key
expectations and assumptions made by the management of the Company, including future plans for development of technologies by the
Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are
reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that
they will prove to be correct. Forward-looking statements contained in this news release are made as of the date of this news
release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of
new information, future events or results or otherwise, other than as required by applicable securities laws.
Copyright (c) 2018 TheNewswire - All rights reserved.