Monday, December 5 2022

Toronto, Ontario–(Newsfile Corp. – April 27, 2022) – Graph Blockchain Inc. GBLC REGR RT (“Chart“or the”Company“) is pleased to announce its intention to launch a normal course issuer bid (“ORCN“) to purchase ordinary shares of the Company (each a “Ordinary share“) through the Canadian Securities Exchange (the “CSE“). PI Financial Inc. has been appointed to make purchases under the NCIB program on behalf of the Company.

Under this normal course issuer bid, the Company may repurchase up to 28,885,085 million common shares on the open market, beginning May 3, 2022, and extending over a period of 12 months, and representing approximately 5% of the issued and outstanding shares.

The actual number of shares purchased, the timing of the purchases and the price of the shares will depend on market conditions and in accordance with CSE policy guidelines. If management decides that it has a better use of these funds to increase shareholder value, it is not obligated to continue buying shares in the open market.

The Company believes that the purchases of shares pursuant to the issuer bid will contribute to the facilitation of an orderly market and will be in the best interests of the Company and its shareholders. If the Company believes that its common shares are beginning to trade in a price range that does not adequately reflect their underlying value based on the Company’s business prospects and financial condition, the Company may purchase shares in accordance with the issuer bid and in accordance with CSE rules, policies and guidelines. Based on future price movements and other factors, the Company believes that its outstanding common shares represent an attractive investment and a desirable use of a portion of its equity.

Purchases subject to this RPO will be made in open market transactions through the facilities of the CSE and any other available marketplace and alternative trading system in Canada by a broker on behalf of the Company in accordance with the requirements applicable regulations. All Common Shares purchased by the Company pursuant to the Issuer Bid will be tendered and cancelled.

To the Company’s knowledge, no director, senior officer or other insider of the Company currently intends to sell Common Shares pursuant to this offering. However, sales by such persons through the facilities of CSE or any other available marketplace or alternative trading system in Canada may occur if such person’s personal circumstances change or such person makes a decision without in connection with such purchases in the normal course of business. The benefits for such a person whose shares are purchased would be the same as the benefits available to all other holders whose shares are purchased.

USA Disclaimer

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “United States Securities Act”), or any state securities law and may not be offered or sold in the United States or to or for the account or benefit of a United States Person (as defined in Regulation S of the US Securities Act) unless registered in under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

About the graph blockchain

Graph Blockchain offers shareholders exposure to various areas of decentralized finance (DeFi). Focusing on altcoins through its wholly-owned subsidiaries Babbage Mining Corp., a proof-of-stake (“POS”) miner, and Beyond the Moon Inc., an IDO-focused company, Graph offers investors exposure to the vast emerging cryptocurrency market with the significant technology disruptions and potential gains that altcoins represent. Additionally, through its investment in New World, Graph provides its shareholders with exposure to the emerging and rapidly growing NFT market. Additional information about the Company is available at www.graphblockchain.com.

For more information, please contact:

Investor relations and communication

Michael Vasile
[email protected]

Paul Haber, CEO
416-318-6501

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of applicable securities laws. Any statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “anticipates”, “expects” or “does not expect”, “is expected”, ” budget”, “planned”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or may contain statements that certain actions, events or results “could”, “could”, “would”, “could” or “will be taken”, “will continue”, “will occur” or “will be achieved”. Forward-looking statements contained herein include, but are not limited to, statements regarding: the expectation that the Company will conduct a normal course issuer bid and purchase the maximum number of common shares permitted under this, as described in this new Liberation; and other business plans Company areas. The forward-looking information contained in this press release is based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including, but not limit thereto: the potential inability of the Company to continue as an ongoing operation; that the Company may not have sufficient capital to purchase the maximum number of shares or shares under the proposed normal course issuer bid. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management when prepared, may prove to be incorrect and actual results may differ materially from those anticipated.

The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise, or to explain any material differences between subsequent actual events and such forward-looking information, except as required by applicable law.

CSE does not accept responsibility for the adequacy or accuracy of this release.

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

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/121805

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