Replies to post #310 on Global Gaming Technologies Corp. (BLKCF)

[terps71]

Coinstream should make a fortune in fees I know coinbase does

[rjunior79]

When a firm approves to buy 30M or whatever at say 2.55. They have 30 days to essentially resell them to others. So it’ll be in their best interest to keep the price down. The syndicate of banks work together to do that until the bought deal is closed. Once all orders are in and deal and deal is closed then you will see NRs

[Pwrinv]

rjunior, OK....what is your point?

VANCOUVER, Nov. 9, 2017 /CNW/ - GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. ("Global Blockchain" or the "Company") (TSX V: BLOC | Frankfurt: BWSP | OTC: BLKCF) is pleased to announce today that it has entered into an amended agreement with Canaccord Genuity Corp., acting as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (the "Underwriters"), to increase the size of the offering by an additional 3,900,000 units and increase the Underwriters' Option (as defined below). Under the amended terms of the offering, the Underwriters have agreed to purchase 15,700,000 units of the Company (the "Units"), on a "bought deal" private placement basis, at a price per Unit of $2.55 (the "Offering Price"), for total gross proceeds of $40,035,000 (the "Offering").

Each Unit shall consist of one common share of the Company (a "Common Share") and one common share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of $3.50 for a period of 24 months following the Closing Date.

The Company has also increased the size of the option granted to the Underwriters (the "Underwriters' Option") from 15% to 25% of the Offering, allowing them to purchase up to an additional 3,925,000 Units at the Offering Price, for aggregate gross proceeds of up to an additional $10,008,750, exercisable in whole or in part, at any time up to 24 hours prior to the closing of the Offering at the Underwriters' sole discretion.