TSX VENTURE COMPANIES
GLOBALBLOCK DIGITAL ASSET TRADING LIMITED ("BLOK.H")
[formerly GlobalBlock Digital Asset Trading Limited ("BLOK")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement, Transfer and New Addition to NEX, Symbol Change
BULLETIN DATE: August 1, 2023
TSX Venture Tier 2 Company
Property-Asset or Share Disposition Agreement
TSX Venture Exchange has accepted for filing documentation with respect to the non-arm's length disposition of its wholly-owned subsidiary, GlobalBlock Ltd., including its digital asset broker business, back to the original founders of GlobalBlock Ltd. (the "UK Founders"). In consideration, the UK Founders returned 48,450,000 common shares back to the Company, representing shares that were issued to the UK Founders when the Company initially acquired GlobalBlock Ltd. in July 2021. The Company has cancelled these 48,450,000 common shares.
For further details, please refer to the Company's news releases dated March 23, 2023 and August 1, 2023.
Transfer and New Addition to NEX, Symbol Change
In accordance with TSX Venture Policy 2.5, the Company has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective at the open, Thursday, August 3, 2023, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Calgary to NEX.
As of August 3, 2023, the Company is subject to restrictions on share issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from BLOK to BLOK.H. There is no change in the Company's name, no change in its CUSIP number and no consolidation of capital. The symbol extension differentiates NEX symbols from Tier 1 or Tier 2 symbols within the TSX Venture market.
The Company is classified as a 'Technology' company.
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