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360 Blockchain Inc. (CSE:CODE) has announced a non-brokered private placement

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The company is planning to raise gross proceeds of up to $1 million from the placement of up to 33.3 million units priced at $0.03 per unit. Each unit will consist of one share and one warrant, with the warrant exercisable at $0.05 for 24 months.

Additional Information:

Company: 360 Blockchain Inc.
Website: http://www.360blockchaininc.com
Stock Symbol: CSE: CODE
Date Published: Jan 8, 2019
Transcript: Available

Video Transcript:

I’m Megan Edwards for InvestmentPitch Media

360 Blockchain Inc. has announced a non-brokered private placement.

The company is planning to raise gross proceeds of up to $1 million from the placement of up to 33.3 million units priced at $0.03 per unit.

Each unit will consist of one share and one warrant, with the warrant exercisable at $0.05 for 24 months.

The company is building a portfolio of blockchain technologies and is actively seeking early-stage investment opportunities in Decentralized Applications, Enterprise Blockchains, Distributed Ownership & Trust and Supply Chain Auditing.

It will also consider opportunities in other blockchain-related technologies.

George Tsafalas, CEO, stated: “360 Blockchain has an all-round view to accelerate the development and application of revolutionary blockchain technologies by investing capital and expertise. We are founded on the belief that blockchain technology, essentially a distributed ledger which is transparent and incorruptible, has the potential to transform the way business is conducted, delivering security, cost savings and efficiency gains not seen before in our internet connected world. 360 Blockchain will be focused upon identifying and empowering blockchain technologies applying to cryptocurrencies, smart contracts, eSports, data management, the internet of things, equity trading, privacy applications and beyond.”

The shares are trading at $0.035.

For more information please visit the company’s website www.360blockchaininc.com contact George Tsafalas, CEO, or Victor Ostlund, Investor Relations at 778-806-5150 or email ir@360blockchaininc.com.

I’m Megan Edwards for InvestmentPitch Media