Graph Blockchain Announces CAD$10 Million Private Placement with Institutional Investors

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Toronto, Ontario–(Newsfile Corp. – March 23, 2021) – Graph Blockchain Inc. (CSE: GBLC) (“Graph” or the “Firm”) is happy to announce that it has entered right into a securities buy settlement with sure institutional buyers to problem in a personal placement 76,190,477 widespread shares (“Frequent Shares”) and warrants to buy as much as 76,190,477 Frequent Shares (“Warrants”), at a purchase order value of CAD$0.13125 per Frequent Share and related Warrant, for gross proceeds to Graph of roughly CAD$10 million (the “Personal Placement”). The Warrants have an train value of CAD$0.175 per Frequent Share and could also be exercised at any time previous to the five-year anniversary of the issuance date.

H.C. Wainwright & Co. is appearing because the unique placement agent for the Personal Placement.

The Personal Placement is anticipated to shut on or about March 26, 2021, topic to satisfaction of customary closing situations, together with the approval of the Canadian Securities Alternate (the “CSE”).

It’s anticipated that the online proceeds of the Personal Placement shall be utilized by the Firm for working capital and basic company functions, together with, with out limitation, acquisitions of property used within the Firm’s enterprise and strategic transactions and/or acquisitions.

H.C. Wainwright & Co. shall be paid a money fee of 8% of the gross proceeds raised within the Personal Placement and issued warrants (the “Dealer Warrants”) to buy as much as an mixture of 8% of the variety of Frequent Shares positioned within the Personal Placement. Every Dealer Warrant can have an train value of CAD$0.16406 per Frequent Share and could also be exercised at any time previous to the five-year anniversary of the issuance date.

The CSE has not reviewed and doesn’t settle for duty for the adequacy or accuracy of the contents of this launch.

No securities have been or are being supplied or offered to Canadian residents in reference to the Personal Placement. The securities issued beneath the Personal Placement shall be topic to resale restrictions in america beneath relevant U.S. federal and state securities legal guidelines with no resale restrictions in Canada.

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This information launch shall not represent a proposal to promote or the solicitation of a proposal to purchase nor shall there be any sale of the securities in any jurisdiction during which such provide, solicitation or sale can be illegal previous to registration or qualification beneath the securities legal guidelines of any such jurisdiction. This information launch doesn’t and shall not represent a proposal of securities on the market in america. The securities lined being supplied haven’t been, nor will they be, registered beneath america Securities Act of 1933, as amended, and such securities might not be supplied or offered inside america absent registration beneath U.S. federal and state securities legal guidelines or an relevant exemption from such U.S. registration necessities.

About Graph Blockchain Inc.

The Firm is a blockchain growth firm that gives excessive efficiency blockchain options that embody graphic knowledge evaluation and consulting providers, implementation of information mining evaluation via the usage of graph databases and pace enhancements of blockchain management techniques for companies and authorities. This consists of Babbage Mining Corp., a wholly-owned subsidiary of the Firm, which is able to deal with Altcoins, different cryptocurrencies to Bitcoin. By mining Altcoins via Proof of Stake, Babbage is ready to give its buyers publicity to the huge rising market of cryptocurrencies with the numerous technological disruption and potential beneficial properties that Altcoins characterize.

Extra Data on the Firm is on the market at www.graphblockchain.com and www.babbagemining.com.

For additional data, please contact:

Jamie HylandCellphone: +1-604-442-2425E mail: jamie@graphblockchain.com

Ahead Wanting Statements

This information launch incorporates “forward-looking statements” throughout the which means of relevant securities legal guidelines, together with statements relating to the closing of the Personal Placement and the usage of proceeds from the Personal Placement. All statements contained herein that aren’t clearly historic in nature could represent forward-looking statements. In some circumstances, forward-looking statements might be recognized by phrases or phrases equivalent to “could”, “will”, “anticipate”, “probably”, “ought to”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “imagine” or the unfavourable of those phrases, or different comparable phrases, expressions, and grammatical variations thereof, or statements that sure occasions or situations “could” or “will” occur, or by discussions of technique. Precise outcomes, efficiency and achievements may differ materially from these expressed in, or implied by, these forward-looking statements attributable to quite a lot of dangers, uncertainties and different elements, together with, with out limitation, market and different situations, dangers that the situations to closing the Personal Placement aren’t glad or that the Personal Placement is just not in any other case accomplished, dangers referring to the appliance of proceeds from the Personal Placement and different dangers described within the Firm’ filings on SEDAR. Readers are cautioned to think about these and different elements, uncertainties, and potential occasions fastidiously and to not put undue reliance on forward-looking statements. Such statements could show to be incorrect.

Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion and replicate the Firm’s expectations as of the date hereof and are topic to alter thereafter. The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not on account of new data, estimates or opinions, future occasions, or outcomes or in any other case or to elucidate any materials distinction between subsequent precise occasions and such forward-looking data, besides as required by relevant legislation.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR RELEASE, PUBLICATION OR DISSEMINATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.