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TORONTO, ON-(Newsfile Corp.-January 24, 2022)- Graph Block Chain Co., Ltd.(CSE: GBLC) (OTC Pink: REGRF) (FSE: RT5A)((((“”Graph“) or “Association“)We are pleased to inform you that we have entered into a stock exchange contract. “an agreement”(in connection with the acquisition) “Get”Niftable Inc. (“Niftable” or “target”).
Subject to the terms of the agreement, Graph will acquire 100% of all issued and issued shares in Niftable, an independent, privately owned company incorporated under Alberta Corporation Law.
About Niftable Inc.
Niftable’s core business is to connect charities and their artists to the world of NFTs (Non-Foldable Tokens). Niftable provides expertise and implementation in NFT on behalf of charitable clients, from NFT creation to NFT sales and aftermarket. Most charities rely on volunteers and lack experience in the emerging world of NFT. So Niftable fills that void.
In Canada, 85,000 of these charities are registered, said Michael Young, founder and president of Niftable. The marketplace to grow this business is a great opportunity for Graph and its shareholders. I look forward to a very productive year as part of the Graph team. ”
Paul Haber, CEO of GraphBlockchain, said NFT artists rely on donors not because they shy away from philanthropy and support key social causes, but to expand their reach to an entirely new demographic. “
Key deal terms:
Important terms are:
- We have a total of 2,600,000 Canadian dollars ( Purchase Amount). The total purchase price of 52,000,000 shares (against “Participate”) at an estimated price of $0.05 per share.
- The Agreement contains the representations, warranties, terms, conditions, customary termination rights of Graph and Niftable and other customary information in accordance with applicable corporate and securities laws.
- The Board of Directors and the Company’s shareholders agree to this Agreement and pay the purchase price and issue of shares in exchange for the Target Shares as necessary.
- Issuance of shares on the Canadian Stock Exchange ( custom search engine) and other conditions that are subject to the statutory holding period under the applicable securities law.
- As a result of the acquisition, Niftable will become a wholly owned subsidiary of the company.
- Additionally, at the same time as the acquisition, we entered into an employment agreement with Michael Yeung, founder and president of Niftable.
About Graph Blockchain Company
The Graph Blockchain provides contributors with exposure to various areas of Decentralized Finance (DeFI). Focusing on altcoin through Babbage Mining Corporation, a wholly owned subsidiary, Proof of Stake (“POS”) mining company, Beyond the Moon Inc. Graph, an IDO-focused company, is an important technology for investors. It provides exposure to the vast emerging markets of cryptocurrencies with altcoin turmoil and potential benefits. Additionally, Graph is growing rapidly through its investment in the new world, providing shareholders with exposure to the emerging NFT market.
For more information about us, please visit www.graphblockchain.com.And www.newworldinc.io and www.babbagemining.com
For more information, please contact:
Phone number: 604.442.2425
Email: [email protected]
PR window on the media
Joshua Greenwald / Kristen Kolinsky
Phone number: 646.379.7971 / 603.475.3550
Email: [email protected]
Description of future prospects
This press release contains “forward-looking statements” within the meaning of applicable securities law. All statements in this document that are not clearly historical may constitute forward-looking statements, including statements regarding the completion of an acquisition.
In general, such forward-looking information or forward-looking statements may be identified as “plan”, “expect” or “do not anticipate”, “forecast”, “budget”, “plan”, etc. They can be identified using terms related to . “,” estimate”, “expect”, “intent”, “expect”, “unexpected”, “believe”, or variations of these words or phrases, or specific actions, events or outcomes. May contain the phrase “possible” ”, “done”, “will”, “may” or “taken”, “continue”, “speak” or “verify” Ru ”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, the following statements: The continued growth of the NFT market with an emphasis on art. Information about the future expectations of this press release is based on certain assumptions and expected future events. Such statements include, but are not limited to, known and unknown risks, uncertainties and other factors, and actual results, performance or results may be expressed or expressed by such statements. It can be significantly different from what is included. Under the proposed terms or if the acquisition cannot be completed at all. The possibility that we will not be able to continue as a going concern. The possibility that the New World will not be able to survive as a going concern. Risks associated with the blockchain industry and NFT in general. Competition intensifies in the art-focused NFT market. The potential future unfeasibility of the general NFT market, especially the art-focused NFT market. Readers should note that the above list is not exhaustive. Readers should also be careful not to place undue reliance on forward-looking statements. There is no guarantee that any plans, intentions or expectations that will be placed in them will emerge. This information is considered reasonable by management at the time of creation, but may be inaccurate and actual results may differ materially from expectations.
The forward-looking statements contained in this press release are expressly modified by this notice and reflect our expectations as of today and are subject to change. Whether we explain the significant differences between new information, quotes or opinions, future events or consequences, or subsequent actual events and information about these future prospects, is in the future. We do not undertake to update or revise any statement relating to our expectations. Except as required by applicable law.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/111420.