Global Blockchain Provides Update Regarding Record Date for Spinout Share Issuance

Blockchain Investing

Global Blockchain Technologies (CSE:BLOC) has announced an update for its record date for spinning out enterprise and exchange activities for its shareholders. As quoted in the press release: At this time, BLOC and X2, as well as their respective professional advisors, are completing definitive documentation and obtaining requisite approvals for the Transaction. A new Record …

Global Blockchain Technologies (CSE:BLOC) has announced an update for its record date for spinning out enterprise and exchange activities for its shareholders.

As quoted in the press release:

At this time, BLOC and X2, as well as their respective professional advisors, are completing definitive documentation and obtaining requisite approvals for the Transaction. A new Record Date will be set upon completion of these tasks, and this date will be announced along with corresponding details of the finalized acquisition by way of press release, as well as the use of other media and IR channels.
The acquisition is continuing as planned, with a letter of intent having been signed by both BLOC and X2. Both companies are also in discussions about the synergies between their assets and personnel, which has revealed even more opportunities for disruptive and innovative blockchain-based gaming developments. The acquisition has garnered much positive attention from the business news media and shareholders alike since its announcement on October 11, 2018.

Click here to read the full press release.

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