Graph Blockchain Announces Stock Option Cancellation
Toronto, Ontario–(Newsfile Corp. – March 21, 2023) – Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT50) (the “GBLC” or “Graph Blockchain” or the “Company”) announces that effective March 20, 2023 (the “Effective Date“), the Company has cancelled an aggregate of 2,760,000 options (“Options“) to purchase common shares of the Company (“Common Shares“), which were previously granted to employees, directors, and consultants of the Company (each a “Participant“), at exercise prices ranging from $0.50 to $1.25, expiring March 29, 2023, and September 23, 2023. The Options were voluntarily surrendered by the holders for no consideration.
Additionally, further to the news release on February 17, 2023, the Company has finalized the terms of restricted share units (“RSUs“) grant to be effective as of March 22, 2023, and vesting 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 vast emerging market of cryptocurrencies with the significant technological disruption 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 unprecedented investment for shareholders.
For additional information on Graph Blockchain and other corporate information, please visit the Company website at www.graphblockchain.com.
For further information, please contact:
Paul Haber, Chief Executive Officer, and Chairman of the Company
Phone: (416) 318- 6501
Email: [email protected]
This news release contains “forward-looking statements” within the meaning of applicable securities laws. All 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 “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. Forward-looking information in this news release are 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 limited to: the potential inability of the Company to continue as a going concern; the risks associated with the blockchain in general. 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 placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news 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 difference between subsequent actual events and such forward-looking information, except as required by applicable law.
The 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/159322