Canada Markets close in 3 hrs 11 mins

Block One Capital Inc. Upsizes Financing to $8,000,000

VANCOUVER, British Columbia, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Further to the Company’s press release of December 11, 2017, Block One Capital Inc. (BLOK.V), (ES3.F) (the “Company” or “Block One”), has, due to increased demand, increased its non-brokered private placement offering to be comprised of eight million units at a price of $1 per unit for gross proceeds of $8-million.

The Company may, at its discretion over-allot the offering, to offer up to an additional 2,000,000 units under the offering, which would raise additional gross proceeds of up to $2.0-million, which would result in total gross proceeds of up to $10-million to be raised under the offering.

Block One will pay a commission or finder's fee to qualified parties of 8 percent of the private placement proceeds in units equal to 8 percent of the number of units sold in the private placement. The compensation units shall have the same terms as the units.

Closing of the offering is subject to a number of conditions, including receipt of TSX-V approval. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

ON BEHALF OF THE BOARD

“David Berg”
Chief Executive Officer and Director

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

This news release contains forward-looking statements that are based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to completion of the Offering and the timing thereof. Although Block One believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in forward-looking statements include fluctuations in the price of Bitcoin, general economic, market or business conditions, including the general acceptability of Bitcoin and cryptocurrency, risks associated with regulatory changes, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks and receipt of necessary Exchange approvals. These forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release and has in no way passed upon the merits of the qualifying transaction and has neither approved nor disapproved of the contents of this press release.

FOR ADDITIONAL INFORMATION CONTACT:

Block One Capital Inc.
Office: 604-908-3095
Email:  info@blockonecap.com