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Tortola, British Virgin Islands – Blockchain Holdings Ltd. (the “Company”) (CSE: BCX) is pleased to announce that further to its news release dated January 17, 2020, it has closed a non-brokered private placement of 1,097,213 shares (the "Shares") of the Company at a price of $0.30 per Share for gross proceeds of $329,164.
In connection with the Financing, the Company will pay finder's fees totaling CAD$2,100 in cash. The securities issued pursuant to the private placement are subject to the statutory four-months and one day hold period as prescribed by regulatory authorities. The proceeds of the Offering are planned to be used for working capital and other corporate objectives.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Blockchain Holdings Ltd.
Blockchain Holdings is developing a suite of services that provide investors and fund managers with unique insights into the growing ecosystem of crypto-assets as well as actively seeking other opportunities in the technology sector. Through our proprietary portal BCXdata.com, it captures and aggregates data from different blockchains which gives users an institutional-grade analysis package that forms the basis for an extended suite of product offerings in the future.