CryptoBlox Technologies announced that it has signed a binding amended and restated share purchase agreement to acquire 100% of the shares of Blockchain Fintech Unipessoal LDA, a Portuguese blockchain fintech company. The agreement is effective October 31, 2024.
Pursuant to the amended agreement, CryptoBlox will issue 25,000,000 CryptoBlox common shares at a deemed price of $0.20 per share, valued at $5 million. The transaction remains subject to customary closing conditions, including approval from the Canadian Securities Exchange and due diligence requirements in Hong Kong, and a finder's fee of 1,750,000 common shares is payable upon closing. (News Wires)