Cryptobloc Technologies Corp recently announced that they had closed their non-brokered private placement of units. Each unit was placed at $0.15 to reach gross proceeds of $4,500,000 USD.
Each unit consists of one common share in the company’s capital and a common share purchase warrant for the company. The warrant will make it possible for the holder to buy an additional share at a price of $0.025 per unit until June 6, 2020. Proceeds from the private placement will be used as general working capital for making new acquisitions.
What Is Cryptobloc?
Cryptobloc Technologies Corp is a company based in Vancouver that is focused on the development and implementation of the blockchain, closed loop, distributed ledger, and cryptocoin service for commercial companies and the government.
The company is committed to the development of an innovative and disruptive solution that improves the business practices for their partners. It is a public company that is traded in the US, Canada, and Germany under the symbols OTCMKTS: CRYBF, CSE: CRYP and FRA: GR9.
Cryptobloc Government And Commercial Blockchain Service Plans
Cryptocoins was the first application of the blockchain. The company has secured a facility in North America that will utilize clean energy to develop a crypto portfolio. To show their commitment to crypto, they have already acquired various cryptocurrency service providers such as Anti Money laundering services and Identity Services of some of the biggest crypto exchanges globally.
Right now, they are in the process of finding a site for the development of the blockchain innovation Center called Cryptobloc Labs. The project will expand the platform and accelerate their innovation and development of commercially viable blockchain solutions. The end goal here is to link traditional markets with the world of the blockchain. They hope that this could bring the advantages of the blockchain to the real world.
The company has been able to secure strategic partnerships with market leaders at all stages of this emerging ecosystem. They work with hardware manufacturers, regulators, and even consumer activation partners. The partnerships, combined with a working operational plan, have positioned Cryptobloc as a blockchain leader in this technology revolution.