CryptoBlox Signs Share Purchase Agreement to Acquire Blockchain Fintech
Strong share price allows the Company to secure a strategic and accretive acquisition to fuel growth and complete its Diversified Blockchain Ecosystem
Vancouver, B.C., March 05, 2024 (GLOBE NEWSWIRE) — CryptoBlox Technologies Inc. (the “Company” or “CryptoBlox”) (CSE: BLOX) is pleased to announce that it has entered into a share purchase agreement, dated effective March 4, 2024 (the “Agreement”), to acquire (the “Acquisition”) Blockchain Fintech Unipessoal LDA (“Blockchain Fintech”), a Portuguese corporation that develops blockchain-based financial technologies that help onboard “average users” to the blockchain economy. Pursuant to the Agreement, the Company will acquire 100% of the outstanding shares of Blockchain Fintech for 20,000,000 common shares of the Company, having a deemed value of $11,000,000.