Quantum Blockchain Technologies Ltd.: Quantum Announces Completion of Private Placement
Calgary, Alberta (Newsfile Corp. - March 11, 2021) - Quantum Blockchain Technologies Ltd. (TSXV: QBC.P) (the
Corporation announces that it has completed a private placement from the Corporation s newest director, Robert Quinn (the
Private Placement ) of 40,000 common shares in the share capital of the Corporation at a price of $0.125 per common share for aggregate proceeds of $5,000.00.
There will be a hold period of four months and one day on all securities issued under the Private Placement.
No finder s fees were paid in respect of the Private Placement.
Related Party Transaction
Because Robert Quinn is a director of the Corporation the Private Placement was a Related Party Transaction under Multilateral Instrument 61-101 -
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Quantum Blockchain Technologies Ltd.: Quantum Announces Extension to Proposed Transaction with Ocumetics Technology Corp.
Quantum ) is announces that it has entered into an agreement (the
Amendment ) to extend the deadline for the completion of the proposed business combination (the
Transaction ) contemplated by the non-binding letter of intent dated July 25, 2020 with Ocumetics Technology Corp. (
Ocumetics ) from December 15, 2020 to April 15, 2021.
As previously stated in Quantum s press release dated July 27, 2020, the Transaction is expected to require the security holders of Ocumetics to exchange all securities of Ocumetics for common shares of Quantum on the basis of three common shares in the share capital of Quantum for each share of Ocumetics (regardless of class) issued and outstanding at the time of the completion of the Proposed Transaction. Each warrant that is issued and outstanding in the capital of Ocumetics will be exchanged for three warrants of Quantum h