Toronto, Ontario–June 10, 2021 – Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT5A) (“Graph” or the “Company“) is pleased to announce that further to its press release dated May 14, 2021, the Company has closed its acquisition of all of the shares of Beyond the Moon Inc. (“Beyond the Moon”), a private Ontario company.
“Graph’s acquisition of Beyond the Moon gives our shareholders exposure to quality Initial DEX Offerings and early adoption of new crypto tokens,” said Paul Haber, Chief Executive Officer of Graph Blockchain, Inc. “By adding Beyond the Moon to our group of companies, we gain access to even earlier rounds of any upcoming token presales to add value to Graph’s portfolio of altcoins.”
Pursuant to a Share Exchange Agreement between the Company, Beyond the Moon, and the shareholders of Beyond the Moon, the purchase price was $6,000,000 and was satisfied through the issuance of 46,153,846 units (the “Consideration Units”) in the capital of the Company, at a deemed price of $0.13 per Consideration Unit with each Consideration Unit comprised of one common share and one half of one common share purchase warrant. Each whole warrant will allow the holder to acquire an additional common share of the Company at an exercise price of $0.18 per share during the 24-month period following closing. As a result of the transaction, Beyond the Moon is now a wholly owned subsidiary of the Company.
Beyond the Moon simplifies the most exciting opportunities in crypto launchpads. Launchpads are crypto projects designed to help upcoming projects reach their full potential and mainstream adoption. Beyond the Moon Coordinators manage the process of entering crypto launchpads, helping facilitate the access to early-stage crypto tokens. Before listing a new token on a Decentralized Exchange (“DEX”). Launchpads provide the first public investment round, called an Initial DEX Offering (“IDO”). Early access to crypto projects is difficult to access, but the highest return on investment comes from early access to projects. Beyond the Moon manages all aspects of the launchpad opportunities. Graph will be internalizing this platform to provide our shareholders with exposure to these opportunities.
Neither the Canadian Securities Exchange (“CSE“) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
About Graph Blockchain Inc.
Graph Blockchain provides our shareholders with exposure to various areas of Decentralized Finance. Graph, through its wholly owned subsidiary Babbage Mining Corp., a Proof of Stake (“POS”) miner that focuses on altcoins, can provide our investors with exposure to the vast emerging market of cryptocurrencies with the significant technological disruption and potential gains that altcoins represent.
Additional information on the Company is available at www.graphblockchain.com and www.babbagemining.com.