BLOK Technologies Announces Closing of First Tranche of Non-Brokered Private Placement

VANCOUVER, Canada – BLOK Technologies Inc. (“BLOK Tech” or the “Company”) (CSE: BLK) (FRANKFURT: 2AD) is pleased to announce that it has closed the first tranche of a Non-Brokered Private Placement (the “Private Placement”) raising gross proceeds of $545,884 from the issuance and sale of 2,729,424 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. Each Unit at a purchase price of $0.20 per Unit, consists of one (1) common share (“Common Share”) of the Company and one (1) transferable share purchase warrant (“Warrant”).