VANCOUVER, British Columbia, June 15, 2018 (GLOBE NEWSWIRE) -- BlockchainK2 Corp. (TSXV:BITK) (the “Company”) announces the grant of options to certain directors of the Company to acquire a total of 1,130,614 common shares of the Company at an exercise price of CAD$0.25 per share and options to the other director of the Company to acquire a total of 795,081 common shares of the Company at an exercise price of CAD$0.33 per share. The options expire ten years from the date of grant.
As per the Company’s May 25, 2018 press release, it has recently completed a “Change of Business” transaction (the “COB Transaction”) and now operates as a blockchain technology company, with its initial business being cryptocurrency mining. The intention to issue these stock options was set forth in the Filing Statement of the Company dated May 22, 2018, filed in connection with the COB Transaction, which can be found at www.sedar.com under the Company’s profile.
ON BEHALF OF THE BOARD OF
CEO and Director
For further information, please telephone: (604) 283-1722.
Cautionary Note Regarding Forward Looking Statements
This press release contains statements which constitute ”forward-looking statements”, including information concerning the intentions, plans and future action of the Company described herein. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of a public company, currently with limited business and financial resources, as well as those risk factors discussed or referred to in the Company's continuous disclosure record available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.