Global Blockchain Announces Initial Developments of Laser Crowdsale
After the commencement of the crowdsale for the Laser network on September 3, the Company has established firm interest from several institutional investors for participation in the sale. Further, partnership interest has been obtained with infrastructure providers for the operation of servicenodes on the Laser network. Individuals who have made submissions on Laser’s investors page will be contacted in the coming week to undertake the next steps in participating.
VANCOUVER, British Columbia, Sept. 09, 2018 (GLOBE NEWSWIRE) -- GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (CSE: BLOC, BLOC.CN, BLOC.CNX) (FSE: BWSP) (OTC: BLKCF) ("BLOC" or the "Company") announces that it has made several key developments since the Laser network’s crowdsale began on September 3rd. Over the course of the previous week, the Company began a roadshow in Europe to generate interest from investors and infrastructure providers. The result of this, combined with existing investor relations efforts, has resulted in confirmed interest from several institutional investors for participating in the crowdsale, as well as numerous infrastructure providers in the blockchain network space for operating servicenodes. Such providers were screened based on their technical resources, and their reputation for reliably providing similar services to others in the blockchain space. The roadshow will continue with stops in Asia, with many more prospective investors and infrastructure providers known in this region.
Starting this week, individuals who have registered their interest in the Laser network’s crowdsale on the Investors page will be contacted to begin the next steps for their investment.
The Laser network’s crowdsale is open to most investors worldwide, with the following three regional exceptions which may restrict some investors:
- Investors from the United States must be accredited under the SEC’s accredited investor criteria;
- Investors from Canada must be accredited under the accredited investor criteria of their province’s securities commission; and
- Investors from the European Union must be accredited under the criteria set out in MiFID.
Further, for compliance, all investors will be required to provide both government-issued photo identification and proof of residency (property tax assessment, utility bill, etc.).
The crowdsale will lay the groundwork for the establishment of Laser Technologies Corp., as a governance organization for the Laser network until the network’s voting process moves onto the blockchain network. With the blockchain space still ripe for disruption by Laser’s SWIFT-like abilities, this organization will play a key role in ensuring that the Laser network and its stakeholders are given a robust offering of resources to promote the operation of the network in a sustainable and growth-oriented manner. Prospective investors who have not yet registered their interest, they may do so at www.laser.xyz/investors.
On behalf of the Company:
Shidan Gouran, President and CEO
For more information, please contact:
IRTH Communications, LLC
About Global Blockchain Technologies Corp.
The Company provides investors access to a basket of direct and indirect holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies.
The Company is focused on streamlining the currently arduous, lengthy, and complicated process that interested investors must undergo in order to gain exposure to the cryptocurrency space, with a view to becoming the first vertically-integrated originator and manager of top tier blockchains and digital currencies.
BLOC is listed on the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol "BLOC." Additional information relating to BLOC is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com, as well as on the Company's website at www.globalblockchain.io.
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the Company’s goal of streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top-tier blockchains and digital currencies. The Company has no assets and its business plan is purely conceptual in nature and there is no assurance that it will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made, including but not limited to: statements and expectations regarding the ability of the Company to (i) successfully engage senior management with appropriate industry experience and expertise, (ii) gain access to and acquire a basket of cryptocurrency assets and pre-ICO and ICO financings on favourable terms or at all, (iii) successfully create its own tokens and ICO’s, and (iv) execute on future M&A opportunities in the cryptocurrency space; receipt of required regulatory approvals; the availability of necessary financing; permitting and such other assumptions and factors as set out herein. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in cryptocurrency prices; the estimation of personnel and operating costs; general global markets and economic conditions; risks associated with uninsurable risks; risks associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry experience and expertise; risks associated with changes in the financial auditing and corporate governance standards applicable to cryptocurrencies and ICO’s; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued development of the Company’s business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation. Although the Company has attempted to identify important factors that could cause actual results to differ materially from the forward-looking information set out in this presentation, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Released September 10, 2018