Global Blockchain Technologies Corp. Announces Commencement of Australian Listing
October 16, 2017 (Source) — GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (“GBT” or the “Company”) (TSXV: BLOC) (FSE: BWSP) (OTC PINK: BLKCF) announces that the Company has commenced an Australian Stock Exchange (“ASX”) listing application.
The Company plans to apply as an ASX Foreign Exempt Listing. This category is for entities listed on another securities exchange which wish to have a secondary listing on the ASX and which meet certain eligibility criteria. Entities in this category are expected to comply with the listing rules of the TSX.V and are exempt from complying with most of ASX’s Listing Rules.
The ASX listing will bring significant benefits to the Company’s exiting listings. These include:
- One of the world’s largest investment pools underpinned by Australia’s mandatory superannuation system;
- Price discovery in a deep and liquid market worth well over a trillion dollars;
- The world class trading platform and clearing and settlement infrastructure of ASX
Global Blockchain President Shidan Gouran noted, “The addition of a listing in Australia to our listing in Frankfurt brings access to trading much closer to 24 hours a day on conventional exchanges, which should be the standard in the digital age.
It is important that investors internationally have access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies.”
About Global Blockchain Technologies Corp.
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Global Blockchain Technologies Corp. is an investment company providing investors access to a basket of holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies. GBT is focused on streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top tier blockchains and digital currencies. GBT is listed on the TSX Venture Exchange and its common shares trade under the ticker symbol “BLOC”. Other information relating to GBT is available on SEDAR at www.sedar.com as well as on the Company’s website at www.globalblockchain.io
On behalf of:
GLOBAL BLOCKCHAIN TECHNOLOGIES CORP.
Theo van der Linde
Director and CFO
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the impact of the appointments on the Company, the Company’s projected asset allocations; business strategy and investment criteria; the timing for implementation of financial auditing and corporate governance standards applicable to cryptocurrencies and Initial Coin Offerings (“ICO’s”); the rate of cryptocurrency adoption and the resultant effect on the growth of the global cryptocurrency market capitalization. The Company has no assets and its business plan is purely conceptual in nature and there is no assurance that it will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made, including but not limited to: statements and expectations regarding the ability of the Company to (i) successfully engage senior management with appropriate industry experience and expertise, (ii) gain access to and acquire a basket of cryptocurrency assets and pre-ICO and ICO financings on favourable terms or at all, (iii) successfully create its own tokens and ICO’s, and (iv) execute on future M&A opportunities in the cryptocurrency space; receipt of required regulatory approvals; the availability of necessary financing; permitting and such other assumptions and factors as set out herein. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in cryptocurrency prices; the estimation of personnel and operating costs; general global markets and economic conditions; risks associated with uninsurable risks; risks associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry experience and expertise; risks associated with changes in the financial auditing and corporate governance standards applicable to cryptocurrencies and ICO’s; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued development of the Company’s business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation. Although the Company has attempted to identify important factors that could cause actual results to differ materially from the forward-looking information set out in this presentation, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.
Neither 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.
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