DJ Block Commodities Ltd: Cannabis Licence Acquisition update and Issue of Equity
Block Commodities Ltd (BLCC)
Block Commodities Ltd: Cannabis Licence Acquisition update and Issue of Equity
18-Jun-2021 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
(MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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The information communicated within this announcement is deemed to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.
18 June 2021
BLOCK COMMODITIES LIMITED
("Block Commodities", "BLCC" or the "Company")
Cannabis Licence Acquisition update and Issue of Equity
Cannabis Licence Acquisition
Further to the announcement on 16 March 2021, Block Commodities is pleased to announce that the Company and Century
Cobalt Corporation ("CCOB"), together the "Acquiring Parties", have entered into an extension to the option agreement
to acquire a 70% interest (the "Acquisition") in a Medicinal Cannabis licence granted to Magnus Cannabis Group
(Private) Limited ("Magnus") by the government of Zimbabwe.
Under the extension agreement, the exclusivity period to complete the Acquisition is extended to 31 August 2021.
Issue of equity
The Company has allotted 366,143,567 new ordinary shares in settlement of creditors amounting to GBP77,395 ("New Ordinary
Shares").
Admission to trading on AQSE
Application has been made for the 366,143,567 New Ordinary Shares to be admitted to trading on Aquis Stock Exchange
('Admission'). Admission is expected to occur at 8:00am on or around 22 June 2021.
Total Voting Rights
Following the allotment, the Company's issued share capital will comprise 7,728,601,417 ordinary shares, with each
share carrying the right to one vote.
The above figure of 7,728,601,417 may therefore be used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their interest in, or of a change to their interest in the
Company under the FCA's Disclosure and Transparency Rules.
The Directors of the Company accept responsibility for the content of this announcement.
For further information, please contact:
Block Commodities Limited
Ian Tordoff
nc@blockcommodities.com
Neil Clayton -----------------------------------------------------------------------------------------------------------------------
ISIN: GG00B4QYTJ50
Category Code: IOE
TIDM: BLCC
LEI Code: 2138001KNTXRAZTFKU51
Sequence No.: 112051
EQS News ID: 1209397
End of Announcement EQS News Service
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(END) Dow Jones Newswires
June 18, 2021 02:00 ET (06:00 GMT)
