Graph Blockchain Announces Closing of CAD$10 Million Private Placement with Institutional Investors

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Toronto, Ontario–(Newsfile Corp. – March 29, 2021) – Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (“Graph” or the “Firm”) is happy to announce the closing of its beforehand introduced non-public placement with sure institutional traders of 76,190,477 frequent shares (“Frequent Shares”) and warrants to buy as much as 76,190,477 Frequent Shares (“Warrants”), at a purchase order worth of CAD$0.13125 per Frequent Share and related Warrant, for gross proceeds to Graph of roughly CAD$10 million (the “Non-public Placement”). The Warrants have an train worth of CAD$0.175 per Frequent Share and could also be exercised at any time previous to the five-year anniversary of the issuance date.

H.C. Wainwright & Co. acted because the unique placement agent for the Non-public Placement.

Paul Haber, CEO of Graph Blockchain Inc., commented, “We’re happy to see institutional help with this financing spherical. The completion of the providing will strengthen our steadiness sheet, and with a powerful money place, Graph can speed up its crypto token applications. The Firm may also be in a fantastic place to speed up the Firm’s strategic partnership plans.”

It’s anticipated that the web proceeds of the Non-public Placement will probably be utilized by the Firm for working capital and normal company functions, together with, with out limitation, acquisitions of property used within the Firm’s enterprise and strategic transactions and/or acquisitions.

H.C. Wainwright & Co. was paid a money fee of 8% of the gross proceeds raised within the Non-public Placement and issued warrants (the “Dealer Warrants”) to buy as much as an combination of 8% of the variety of Frequent Shares positioned within the Non-public Placement. Every Dealer Warrant has an train worth of CAD$0.16406 per Frequent Share and could also be exercised at any time previous to the five-year anniversary of the issuance date.

The Canadian Securities Trade has not reviewed and doesn’t settle for accountability for the adequacy or accuracy of the contents of this launch.

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No securities have been or are being supplied or bought to Canadian residents in reference to the Non-public Placement. The securities issued underneath the Non-public Placement will probably be topic to resale restrictions in america underneath relevant U.S. federal and state securities legal guidelines with no resale restrictions in Canada.

This information launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase nor shall there be any sale of the securities in any jurisdiction wherein such provide, solicitation or sale can be illegal previous to registration or qualification underneath the securities legal guidelines of any such jurisdiction. This information launch doesn’t and shall not represent a suggestion of securities on the market in america. The securities coated being supplied haven’t been, nor will they be, registered underneath america Securities Act of 1933, as amended, and such securities is probably not supplied or bought inside america absent registration underneath U.S. federal and state securities legal guidelines or an relevant exemption from such U.S. registration necessities.

About Graph Blockchain Inc.

The Firm is a blockchain improvement firm that gives excessive efficiency blockchain options that embody graphic information evaluation and consulting companies, implementation of information mining evaluation by means of using graph databases and pace enhancements of blockchain management methods for companies and authorities. This consists of Babbage Mining Corp., a wholly-owned subsidiary of the Firm, which is able to give attention to Altcoins, different cryptocurrencies to Bitcoin. By mining Altcoins by means of Proof of Stake, Babbage is ready to give its traders publicity to the huge rising market of cryptocurrencies with the numerous technological disruption and potential features that Altcoins symbolize.

Extra Data on the Firm is accessible at www.graphblockchain.com and www.babbagemining.com.

For additional data, please contact:

Jamie HylandTelephone: +1-604-442-2425E mail: jamie@graphblockchain.com

Ahead Trying Statements

This information launch comprises “forward-looking statements” inside the that means of relevant securities legal guidelines, together with statements relating to using proceeds from the Non-public Placement. All statements contained herein that aren’t clearly historic in nature could represent forward-looking statements. In some instances, forward-looking statements could be recognized by phrases or phrases similar to “could”, “will”, “anticipate”, “doubtless”, “ought to”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “imagine” or the destructive of those phrases, or different related phrases, expressions, and grammatical variations thereof, or statements that sure occasions or circumstances “could” or “will” occur, or by discussions of technique. Precise outcomes, efficiency and achievements might differ materially from these expressed in, or implied by, these forward-looking statements on account of a wide range of dangers, uncertainties and different components, together with, with out limitation, dangers regarding the applying of proceeds from the Non-public Placement and different dangers described within the Firm’ filings on SEDAR. Readers are cautioned to think about these and different components, uncertainties, and potential occasions fastidiously and to not put undue reliance on forward-looking statements. Such statements could show to be incorrect.

Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion and mirror the Firm’s expectations as of the date hereof and are topic to alter thereafter. The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not because of new data, estimates or opinions, future occasions, or outcomes or in any other case or to clarify any materials distinction between subsequent precise occasions and such forward-looking data, besides as required by relevant regulation.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR RELEASE, PUBLICATION OR DISSEMINATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

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To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/78787



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