Graph Blockchain Announces Early Warrants and Option Exercise
Toronto, Ontario--(Newsfile Corp. - January 14, 2021) - Graph Blockchain Inc. (CSE: GBLC) ("Graph" or the "Company") is pleased to announce that 5,845,700 of the previously issued share purchase warrants ("Warrants") and the share purchase options ("Options") have been exercised resulting in gross proceeds to the Company of $300,742 to further capitalize its ongoing review of M&A opportunities.
In addition, the Company announces that Mr. Andrew Ryu, the Chief Executive Officer and Chairman, has also exercised a total of 5,500,000 options and warrants to help the Company's balance sheet as outlined:
500,000 warrants at $0.06
5,000,000 options at $0.05
The Company has granted incentive stock options to directors, officers, advisor, and employees of the company to purchase up to 14.5 million common shares in the capital of the company, pursuant to the stock option plan of the company. The options are exercisable at a price of 9.5 cents per share and will expire two years from the date of grant.
About Graph Blockchain Inc.
The Company develops leading-edge private blockchain business intelligence and data management solutions that it will implement into a blockchain supported e-commerce marketplace for the sale of psychedelic and ancillary products in legal jurisdictions.
Additional Information on the Company is available at: www.graphblockchain.com
For further information, please contact:
Phone: +1 604-442-2425
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking statements. Such statements may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events, or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
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