TORTOLA, BRITISH VIRGIN ISLANDS / ACCESSWIRE / February 20, 2019 / Blockchain Holdings Ltd. (the "Company") (BCX) is pleased to announce that further to its news release dated January 23, 2019, it has closed a non-brokered private placement of 445,570 shares (the "Shares") of the Company at a price of $0.50 per Share for gross proceeds of $222,785.
The securities issued pursuant to the private placement is subject to the statutory four-months and one day hold period as prescribed by regulatory authorities. The proceeds of the Offering will be used for the development of proprietary indexes and ancillary data products for emerging blockchain and digital currency markets, and for working capital and general corporate purposes .
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Blockchain Holdings Ltd.
Through our proprietary portal BCXdata.com, Blockchain Holdings is developing a suite of services that provide investors and fund managers with unique insights into the growing ecosystem of crypto-assets. BCXdata.com captures and aggregates data from different blockchains which gives users an institutional-grade analysis package that forms the basis for an extended suite of product offerings in the future.
For further information, please contact:
Alan Tam, CFO
This press release was prepared by management of Blockchain Holdings Ltd., which takes full responsibility for its contents. The Canadian Securities Exchange has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved the contents of this press release.
Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control.
SOURCE: Blockchain Holdings Ltd.
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