BlackChain Announces Private Placement
March 28, 2018– Vancouver, BC – Blackchain Solutions Inc. (the “Company” or “Blackchain”) (CSE: BIS), announces that, further to its news release of February 20, 2018 announcing a private placement of units, the Company wishes to amend the terms of its private placement, such that Blackchain will be offering up to 4,615,385 units at a price of $0.13 per unit, for gross proceeds of $600,000. Each unit consists of one common share and one share purchase warrant. Each warrant is exercisable at a price of $0.17 per share for a term of two years.
Proceeds generated from this financing will be used to initiate and support the filing of multiple patents and trademarks related to the Blackchain Crypto Credit Rating API and P2P Lending Platform. A portion of the proceeds will also support the expansion of the Blackchain development team and upgrades to the company’s IT infrastructure. The remainder of proceeds will be used for working capital and marketing.
About Blackchain Solutions Inc. (CSE: BIS) (“Blackchain”)
Blackchain Solutions Inc. is a financial analytics and risk management company that focuses on the cryptocurrency economy, leveraging blockchain technology. Building on over 20 years experience in the financial industry, providing services to some of the world’s largest financial institutions, Blackchain provides the tools and platform that will transform the lending industry.
Blackchain is a publicly-traded company listed on the Canadian Stock Exchange (CSE); trading symbol BIS (C.BIS or BIS.cn). For more information about our company please phone us at 1-604-602-0001.
Blackchain Solutions Inc.
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Blackchain Solutions Inc. Such information is based on assumptions made by the company’s management. Although the company believes these assumptions 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. These forwardlooking statements are made as of the date of this press release and the company disclaims any obligation to update publicly any forward-looking information, other than as required by applicable securities laws.
The CSE has not reviewed, approved or disapproved the content of this press release