Blox Labs Announces Private Placement of Common Shares

Blox Labs Inc. (“BLOX” or “the Company”) (CSE:BLOX) (Frankfurt: BR1B) is pleased to announce that it intends to undertake a Non-Brokered Private Placement offering (the “Offering”) for up to 20,000,000 common shares of the Company at a price of $0.075 per common share for total gross proceeds of up to $1,500,000. BLOX intends to utilize the net proceeds from the Offering for continued development of its blockchain projects including CannaBLOX, PetroBLOX and other similarly related emerging blockchain technologies as well as for general working capital purposes. All securities issued in relation to the Offering will be subject to a statutory hold period expiring four months and one day after closing of the financing. Completion of the financing is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Canadian Securities Exchange (“CSE”).

The Company may, in its sole discretion, pay a finder’s fee within CSE policy guidelines in connection with the Offering.

About Blox Labs

Blox Labs Inc. is a technology development company focused on creating best-in-class software solutions driven by emerging trends in Blockchain, Smart Contracts and Decentralized Applications. BLOX is helping customers with solutions for business problems from proofs of concept through execution. The Company is currently piloting blockchain solutions for supply chain management and improvement as well as other areas. BLOX is actively targeting partnerships and strategic acquisitions of growth companies.

Blox Labs Inc.

Jeff Zanini, CEO and Director

Phone: +1.416.262.0871

Email: ir@bloxlabs.ca

Website: www.bloxlabs.ca

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Information

This news release includes forward-looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including future plans for development of technologies by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this news release are made as of the date of this news release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Source: www.thenewswire.com