Vancouver, British Columbia, March 12, 2024 (GLOBE NEWSWIRE) — CryptoBlox Technologies Inc. (“CryptoBlox” or the “Company“) (CSE: BLOX ) announces that it has agreed with certain of its creditors to issue an aggregate of 109,090 common shares (the “Settlement Shares”) to such creditors in exchange for outstanding accounts payable (the “Shares for Debt Transaction”) in the aggregate amount of CA$60,000 (the “Debt”) owing to certain creditors (the “Creditors”). The Settlement Shares are being issued at a price of $0.55, in accordance with the policies of the Canadian Securities Exchange (the “CSE”).
The Company is completing the Shares for Debt Transaction to improve its financial position by reducing its existing liabilities. All Settlement Shares will be subject to a four-month and one-day hold period. The Shares for Debt Transaction remain subject to CSE acceptance. No new control person of the Company will…
