Block One Capital Inc. Announces $5,000,000 Non-Brokered Private Placement

Dec. 11, 2017 — Block One Capital Inc. (TSXV:BLOK)(Frankfurt:ES3) (the “Company” or “Block One”), is pleased to announce a non-brokered private placement offering of 5,000,000 units (the “Units”) at a price of $1.00 per Unit for gross proceeds of $5,000,000 (the “Offering”). Each Unit will consist of one (1) common share in the capital of the Company (a “Share”) and one-half (1/2) common share purchase warrant. Each full Warrant shall be exercisable to acquire one additional Share at a price of $1.50 for a period of two years from the date of closing. In the event that the Shares trade at a closing price of greater than $2.50 per Share for ten (10) consecutive trading days, the Company may accelerate the expiry date of the warrants to expire on the 30th day after the date on which such notice is given by Block One.

The Company intends to use the net proceeds of the offering to fund its ongoing investment strategy in the cryptocurrency and blockchain space. The Offering is expected to close immediately upon TSX Venture Exchange approval.

“We are extremely pleased with the interest we have received from the investment community and potential partners regarding our first two investments in the cryptocurrency and blockchain space,” said Mr.David Berg, CEO and Director of Block One.

Block One will pay a commission or finder’s fee to qualified parties of 8% of the Private Placement proceeds in units (the “Compensation Units”) equal to 8% of the number of Units sold in the Private Placement. The Compensation Units shall have the same terms as the Units.

Closing of the Offering is subject to a number of conditions, including receipt of TSX Venture Exchange approval. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.


“David Berg”
Chief Executive Officer and Director