Block X Capital Corp. Announces Completion of Change of Business to Investment Issuer, Change of Name, Change of Management a...
24 Januar 2018 - 11:00AM
YASTEST
VANCOUVER, British Columbia, Jan.
24, 2018 (GLOBE NEWSWIRE) -- Block X
Capital Corp. ("Block X" or the "Company") (CSE:BXXX) is pleased to announce
that further to its press release on December 7, 2017, the Company
has completed a change of business from a Mining Issuer to an
Investment Issuer and has received approval from the Canadian
Securities Exchange to resume trading.
In connection with the change of
business, the Company has changed its name to "Block X Capital
Corp.". Trading of the Company's common shares will resume
under the new name and under the new ticker symbol "BXXX" at market
open on January 24, 2018.
The Company will seek investment
opportunities in early-stage to mid-level blockchain and emerging
technology companies, and will leverage its extensive network of
operators and global thought leaders to provide investors with
unparalleled access to investments that are not normally accessible
to the average retail investor.
The Company is pleased to announce
that it has appointed several notable individuals to form its core
management team and board of directors.
- Darius Eghdami: Chief Executive Officer
A Chartered Accountant by trade, Darius Eghdami is a serial
entrepreneur, investor, and has successfully exited multiple
companies. Darius has previously founded and led multiple
businesses in digital, data analytics, and the consumer internet.
Darius founded FansUnite in 2012, the first social sports book
harnessing the power of Blockchain technology. Darius has extensive
experience managing companies, raising capital, and developing
overall vision and business frameworks. Additionally, Darius was
recently named one of Canada's Next 150 Top Entrepreneurs by the
TMX Group.
- Rahim Rajwani: Chief Financial Officer
Rahim Rajwani brings over 22 years of extensive public and private
company experience to Block X Capital. Rahim began his career at
Yorkton Securities, and then later moved on to Union Securities
where he worked as Chief Compliance Officer and Vice President of
Compliance with a primary focus on risk mitigation. Rahim served in
successive roles of increasing responsibility at Salman Partners,
moving from Chief Compliance Officer, to Vice President, to
Managing Director. Rahim aims to bestow his deep expertise in the
regulatory, compliance, risk mitigation, and M&A transaction
fields in order to support Block X's process of identification,
evaluation, and investment in the most promising blockchain and
emerging technology companies.
- Michele Romanow: Director
Michele Romanow is a serial entrepreneur who started three
companies before her 30th birthday. A "Dragon" on CBC's hit show
Dragons' Den, she is a co-founder of Buytopia.ca (acquired by
EMERGE Commerce), SnapSaves (acquired by Groupon), and co-founder
of Clearbanc, an online financial services platform. She is a
Director for Whistler Blackcomb (acquired by Vail Resorts)
(NYSE:MTN), Freshii (TSX:FRII), and SHAD Valley. Furthermore,
Michele was included in the WXN's "100 Most Powerful Women in
Canada", Forbes "Millennial on a Mission" list, and winner of the
Toronto Board of Trade Award for entrepreneurs under 30.
- Cale Moodie: Director
Cale Moodie is currently Chief Executive Officer & Director of
Neptune Dash Technologies (TSX-V:DASH), a builder and operator of
Dash Masternodes and exclusive public investor in the Dash digital
currency eco-system. He is also a co-founder of Brixton Metals
(TSX-V:BBB). Previously, Cale was the Chief Financial Officer of
Underworld Resources Inc. until its sale to Kinross Gold in June of
2010. Prior to becoming a successful public market executive of
multiple companies, Cale worked for KPMG LLP's Vancouver Industrial
Markets Group, with an emphasis on audits for mining and
resource-based companies. Cale holds the CPA designation and is a
graduate of the University of British Columbia.
- Zyshan Kaba: Director
A corporate and securities lawyer by background, Zyshan Kaba is a
venture investor and advisor that focuses on financial technology,
blockchain, and cryptoassets. With a deep interest in disruptive
technology and emerging markets, he focuses on early stage
technology companies and his experience covers a variety of areas,
including legal counsel, business and regulatory strategy, product
development, market research, token sale structuring and analysis,
and raising venture capital. Zyshan is also a former executive of a
venture backed financial technology company where he was Head of
Business and Legal Affairs. Zyshan received his J.D. from the
University of Toronto and is called to the bar in Ontario and the
state of New York.
Darius Eghdami, CEO, states, "Today marks an
incredible milestone for us as the Company has been hard at work
surveying the emerging blockchain-enabled industry and is ready to
now resume trading, invest its capital, and unlock value in the
space. At Block X, we've assembled a world-class team of
accomplished investors and pioneers in the emerging technology
sector. We look forward to capitalizing on the skill and experience
of this executive team we have put together to facilitate
investment and create real shareholder value in some of the most
promising and disruptive blockchain and emerging technology
companies of today and tomorrow."
The Company also announces that
Ian Harris, has resigned as director to pursue other opportunities.
The Company thanks Mr. Harris for his dedication to the
Company and wishes him all the best in his future
endeavors.
On Behalf of the Company,
Darius
Eghdami, CEO
Tel: 604-628-5616
For Media Contact:
Natalie Davidson
natalie@brixmediaco.com
778 955 8012
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Block X Capital Corp. via Globenewswire
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