BLOK Technologies Increases Non-Brokered Private Placement Financing to CND $5,000,000
VANCOUVER, British Columbia - (GLOBE NEWSWIRE) -- BLOK Technologies Inc. (CSE:BLK) (2AD.F) wishes to announce today that due to investor demand, the Company is increasing the size of the amended Non-Brokered Private Placement (the "Private Placement") previously announced to the market on May 1, 2018. The Private Placement, which was originally planned to raise gross proceeds of up to C$1,000,000, will be increased by up to C$4,000,000 and now will consist of up to 25,000,000 units (the “Units”) of the Company at a price of $0.20 per Unit (the “Unit Issue Price”) to raise up to C$5,000,000 to be sold by the Company by private placement (the “Offering”). Each Unit will consist of one (1) common share (a “Common Share”) of the Company and one (1) common share purchase warrant (a “Warrant”) exercisable into one (1) Common Share of the Company at an exercise price of $0.50 per Warrant for a period of 24 months from the Closing Date.
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