Graph Blockchain Announces Stock Option Cancellation
Toronto, Ontario – (Newsfile Corp. – March 21, 2023) – Graf Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT50) (“GBLC” or “Graph Blockchain” or “Company”) announces that with effect from March 20, 2023 (the “Effective date“), the company has canceled a total of 2,760,000 options (“Alternatives“) to purchase ordinary shares in the company (“Common shares“), which was previously given to employees, directors and consultants of the company (each a “Participant“), at exercise prices ranging from $0.50 to $1.25, expiring on March 29, 2023 and September 23, 2023. The options were voluntarily surrendered by the holders without consideration.
In addition, following the press release on February 17, 2023, the company has finalized the terms for restricted stock units (“RSUs“) grant shall come into force from and including 22 March 2023 and be earned over a period of one (1) year.
About Graph Blockchain
Graph Blockchain provides 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 gives investors exposure to the huge emerging market of cryptocurrencies with significant technological disruptions and potential gains altcoins represent. Through its strategic acquisitions, Graph is assembling a collection of products and technologies that will lead the DeFi market and offer an unparalleled investment for shareholders.
For additional information about Graph Blockchain and other company information, please visit the company’s website at www.graphblockchain.com.
For further information, please contact:
Paul Haber, managing director and chairman of the company
Phone: (416) 318-6501
Email: [email protected]
Forward-looking statements
This press release contains “forward-looking statements” within the meaning of applicable securities laws. Any statements herein that are not clearly historical 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 “plans”, “expects” or “does not expect”, “expected”, “budget”, “planned”. “, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and expressions or may contain statements that certain actions, events or results ” may”, “could”, “would”, “can” or “will be taken”, “will continue”, “will happen” or “will be achieved”. Forward-looking information in this press release is based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s potential inability to continue as a going concern; the risks associated with blockchain in general. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place reliance on forward-looking statements, as no guarantee can be given of a t the plans, intentions or expectations on which they are placed will come to pass. Such information, even if considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those expected.
Forward-looking statements 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 accordingly. 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 account for any material difference between subsequent actual events and such forward-looking information. , with the exception of what is required by applicable law.
CSE assumes no responsibility for the adequacy or accuracy of this publication.
Neither the Canadian Stock Exchange nor its market regulator (as that term is defined in the policies of the Canadian Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.
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