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BLOK Technologies Announces $4.8M Closing of Over-Subscribed Second and Final Tranche of Non-Brokered Private Placement

· Investments,Greenstream,Blok Technologies,Blockchain

VANCOUVER, British Columbia, June 08, 2018 (GLOBE NEWSWIRE) -- BLOK Technologies Inc. (CSE:BLK) (2AD.F) is pleased to announce that it has closed the second and final tranche of a Non-Brokered Private Placement (the "Private Placement") raising gross proceeds of $4,857,500 from the issuance and sale of 24,287,500 Units at a price of $0.20 per Unit. No new insiders were created, nor has any change of control occurred, as a result of this Private Placement. The Private Placement was over-subscribed and raised a total of $5,403,384 of the proposed $5,000,000 previously announced on June 1, 2018.

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