VANCOUVER, British Columbia, Sept. 28, 2018 (GLOBE NEWSWIRE) — Belvedere Assets Ltd. (TSX-V: BEL) (the “Company”) is admiring to advertise that it has entered into a bounden absolute allotment barter acceding anachronous September 27, 2018 (the “Definitive Agreement”) with BlockCoBuilders Inc. (“BlockCo”), to accommodate for the achievement of a business accumulated with the Aggregation (the “Transaction”), as added decidedly declared below. The Transaction was initially appear in a Aggregation columnist absolution anachronous June 13, 2018, advertence the Aggregation and BlockCo had entered into a bounden letter of absorbed in account of the Transaction. The accumulated article (the “Resulting Issuer”) will abide the business of BlockCo, actuality a technology issuer with a focus on developing blockchain-based software technologies and applications.
The Transaction is accountable to a cardinal of acceding and altitude as set alternating in the Absolute Agreement, including (among added things) the approval of the TSX Adventure Barter (the “Exchange”). If completed, the Transaction will accumulated a “Change of Business” transaction pursuant to Policy 5.2 – Changes of Business and Reverse Takeovers (“Policy 5.2”) of the Exchange.
Pursuant to the Absolute Agreement, the Aggregation will access all of the issued and outstanding balance of BlockCo from its shareholders in barter for 16,600,000 accepted shares of the Aggregation at the closing of the Transaction
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