NUVO Crowdsale to be Held on Paperstreet (Techstars ’19)

Paperstreet, which operates a token sale platform and was selected to participate in Techstars ’19, has reached an agreement with FORK to host the NUVO token crowdsale, with whitelisting to begin on Monday, March 4, 2019. With eight token sales closed to date, Paperstreet has a proven track record in hosting token sales. In the course of the NUVO token crowdsale, custodianship of proceeds raised will be facilitated through the Singularity Exchange.

Vancouver, British Columbia–(Newsfile Corp. – March 1, 2019) – GLOBAL BLOCKCHAIN MINING CORP. (CSE: FORK) (OTC Pink: GBCHF) (“FORK” or the “Company”) is pleased to announce that Paperstreet LLC (“Paperstreet”) has been chosen to host the crowdsale for NUVO, with whitelisting set to begin on Monday, March 4, 2019. Based out of San Francisco, Paperstreet operates a fully-compliant end-to-end token sale platform. Paperstreet was selected to participate in Techstars ’19, and has closed eight offerings to date, with public and private sale types including equity/future equity, utility tokens, and security tokens. Custodianship of the raised proceeds in the NUVO token crowdsale will be facilitated through the Singularity Exchange.

NUVO is a digital asset being issued by UK-based Nuvo Cash Ltd (“Nuvo Cash”) for use on social media platforms hosted on Nuvo Cash’s blockchain network. FORK announced in December of 2018 that it had been commissioned by Nuvo Cash for development work and administration of the crowdsale. To deliver relevant content and prevent censorship, the Nuvo Cash network uses a chain-based voting mechanism to filter content in each user’s news feeds based on votes and feedback from other users. This creates a significantly different experience compared to social media networks that filter news feed content using advertising-centric algorithms, which is the common practice for most social media networks. Moreover, in exchange for participation on online communities based on the Nuvo Cash network, users are awarded NUVO tokens in recognition of their efforts which ultimately contribute to a more engaging platform. The beta version of the first community on this network is presently live at: www.jamaa.com.

With Paperstreet’s integration of Singularity’s custodianship service, this is an ideal arrangement in which to test integration of the institutional-grade custodianship feature of Singularity on a third-party token issuance platform or exchange.

“I was very pleased to meet Mr. Alex Ratner and the Paperstreet team as a mentor at Techstars,” said Shidan Gouran, President and CEO of the Company. “They are an excellent group, with a deep vision of the crypto and blockchain space, we are very confident in their abilities, especially given their impressive track record so far. We look forward to getting feedback from the NUVO token crowdsale participants, and are excited to see the crowdsale unfold.”

FORK Chairman Steven Nerayoff added, “Singularity’s ability to provide institutional-grade custody for digital assets, and integrate that into third-party platforms and exchanges like Paperstreet will bring a lot of changes to crypto, with custody remaining a hurdle for many players. Alex and his colleagues definitely know what they’re doing, so we are confident in Paperstreet’s ability to host the NUVO crowdsale.”

Alex Ratner, Co-Founder of Paperstreet, commented, “We are thrilled to have Mr. Gouran as one of our mentors, and to have the opportunity of bringing the NUVO token to market through the Paperstreet platform. Moreover, this will give us the chance to test out Singularity’s custodianship capabilities. All around, this looks like a very promising venture that we are excited to get started with.”

More information about Paperstreet can be found at: http://paperstreet.vc.

The official Jamaa discussion on Telegram can be accessed at: http://t.me/JamaaSocial.

On behalf of the Company:
Shidan Gouran, President and CEO
info@globalblockchain.io

For more information please contact:
Global Blockchain Mining Corp. Investor Relations
ir@globalblockchain.io

1-888-983-4771

About Global Blockchain Mining Corp.

With blockchain technology rapidly re-shaping the models of many companies, industries, and their business processes, Global Blockchain Mining Corp. (“FORK”) places a focus on the common needs of early-stage blockchain adopters. Originally founded with a focus on crypto-mining, FORK has recently diversified its offerings by placing an emphasis on professional services such as developing and administering launches of tokens and digital assets. Adapting to changes in blockchain technology, FORK is also now utilizing its computing power to provide consensus services, such as the operation of masternodes, servicenodes, and witnesses which are alternative methods to cryptocurrency mining for generating and acquiring digital assets. . Investors, through their investment in the Company, are provided with exposure to these tokens, cryptocurrencies and digital assets without the lengthy, and complicated process that interested investors must undergo in order to gain exposure to these cryptocurrencies and digital assets.

The Company is listed on the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol “FORK”. Additional information relating to the Company is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com as well as on the Company’s website at: www.forkcse.com

Cautionary Note Regarding Forward-Looking Information

Forward-Looking Information: This news release includes certain statements that may be deemed “forward-looking statements”. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”,”may”, “will”, “would”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this News Release. Actual results could differ materially from those currently anticipated due to a number of factors and risks including various risk factors discussed in the Company’s disclosure documents which can be found under the Company’s profile on www.sedar.com

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43146

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Spacefy Completes Private Placement

Toronto, Ontario–(Newsfile Corp. – February 28, 2019) –  Spacefy Inc.  (CSE: SPFY) (“Spacefy” or the “Company”) is pleased to announce that it has completed its previously announced private placement offering of units (each a “Unit”) for gross proceeds of $1,409,400 (the “Financing”), for a total issue of 7,047,000 Units. Each Unit is comprised of one common share, and one common share purchase warrant exercisable for a period of twenty-four months from closing at a price of $0.40 per share. Leede Jones Gable Inc. as lead agent and members of the selling group receive a total commission of $84,564 in cash and 422,280 agent’s compensation options, each exercisable at $0.20 into a Unit. Proceeds will be used for execution of the Company’s business plan. Following the closing, Spacefy has 45,267,106 common shares issued and outstanding.

“We are pleased with this result, and extremely gratified at the investment community’s ongoing interest in Spacefy,” said Spacefy’s new CEO, Russ Patterson. “This additional capital will help us to deliver product platform improvements sooner than planned, and to accelerate the pace of our business development and targeted marketing campaigns. Spacefy also announced today that the Board of Directors has approved resolutions adding Patterson as a Director, and accepting Brad Scharfe’s resignation as a Director.

About Spacefy

Spacefy is a marketplace that connects creative professionals with spaces for their projects, productions, and events. Harnessing the power of the sharing economy, Spacefy gives creative professionals access to unique and underutilized spaces while enabling property owners to further monetize their space.

Contact Information Spacefy Inc.

Russ Patterson
Chief Executive Officer
russ@spacefy.com

Adelaide Capital Markets Inc.

Deborah Honig
Investor Relations
647-203-8793
deborah@adelaidecapital.ca

CAUTIONARY STATEMENT REGARDING FORWARD‐LOOKING INFORMATION: This news release includes certain “forward‐looking statements” under applicable Canadian securities legislation. Forward‐looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to the expectation that the proceeds will be used for execution of the Company’s business plan. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. No assurance can be given that any of the events anticipated by the forward‐looking statements will occur or, if they do occur, what benefits the Company will obtain from them. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‐looking statements. Spacefy Inc. disclaims any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, except as required by law.

This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43150

Winston Capital Group Inc. Announces Closing of Initial Public Offering

Calgary, Alberta–(Newsfile Corp. – February 28, 2019) – Winston Capital Group Inc. (TSXV: WNST.P) (the “Corporation“) announces it has completed its initial public offering (the “Offering“) raising gross proceeds of $500,000, pursuant to a final prospectus dated February 1, 2019. A total of 5,000,000 common shares in the capital of the Corporation (the “Shares“) were subscribed for at a price of $0.10 per Share. Mackie Research Capital Corporation (the “Agent“) acted as the agent for the Offering. The Agent received a cash commission equal to 10% of the gross proceeds of the Offering, a corporate finance fee and non-transferable options to purchase up to 500,000 Shares at a price of $0.10 per Share for a period of two years from the date the Shares are first listed on the TSX Venture Exchange (the “TSXV“).

The Corporation now has 7,500,000 Shares issued and outstanding, with the directors, officers and seed shareholders of the Corporation, in aggregate, holding 2,500,000 Shares which are subject to escrow restrictions.

The Corporation has also granted 750,000 incentive stock options to its directors and officers which are exercisable for a period of ten years from the date of the grant at an exercise price of $0.10 per Share.

The Shares are listed on the TSXV, are currently halt traded and the halt is expected to be lifted and trading is expected to commence on or about Monday, March 4, 2019.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

ABOUT THE CORPORATION

The Corporation is a capital pool company (a “CPC“) that has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the TSX Venture Exchange Inc.’s CPC policy, until the completion of its qualifying transaction, the Corporation will not carry on business, other than the identification and evaluation of businesses or assets with a view to completing a proposed qualifying transaction.

For further information, please contact:

Bruce Bent
President, Chief Executive Officer, and Chief Financial Officer

Winston Capital Group Inc.

Telephone: + 1 (905) 567-3431
Email: bbent@msw.on.ca

Forward-Looking Information Cautionary Statement

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or the Corporation’s future performance. The use of any of the words “could”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, the Corporation’s stated use of proceeds and its expectation as to the resumption of trading of the common shares on the Exchange constitute forward-looking information. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statement made in this press release are made as of the date hereof. The Corporation disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43145

Divestco Announces Commencement of Proceedings under the Companies’ Creditors Arrangement Act

Calgary, Alberta–(Newsfile Corp. – February 28, 2019) – Divestco Inc. (TSXV: DVT) (“Divestco” or the “Company“) announces that its Board of Directors has approved the Company’s initiation of proceedings at the Court of Queen’s Bench of Alberta to seek creditor protection under the Companies’ Creditors Arrangement Act (the “CCAA“).

After careful consideration of all other available alternatives, Divestco’s Board of Directors has determined that it is in the best interests of the Company and its stakeholders to apply for creditor protection under the CCAA and has, therefore, instructed Divestco to initiate proceedings under the CCAA at the Court of Queen’s Bench of Alberta as soon as possible.

In recent years Divestco has been significantly impacted by the ongoing financial downturn affecting the oil and gas industry in Canada, which Divestco operates within. The loss of revenue experienced by Divestco as a result of industry conditions coupled with legacy administrative overheads has placed significant stress on the Company’s cash flow. Consequently, Divestco has needed to raise significant amounts of capital to fund the business losses due to its profitability being affected by the downturn. This has placed Divestco at a competitive disadvantage and Divestco has effectively been operating under increasing financial distress.

As part of the CCAA application, Divestco intends to seek approval of the appointment of Grant Thornton Limited as the Monitor to oversee the CCAA proceedings and report to the Court. Further, Divestco expects to secure commitments for up to an aggregate amount of $1,500,000 of debtor-in-possession financing (“DIP Financing“) from certain of its directors, officers and existing shareholders to assist it with meeting its ongoing operating obligations while a restructuring plan is executed. As at the time of this news release, Divestco has obtained an initial advance of $200,000 of DIP Financing. The DIP Financing is being provided on the basis that all amounts borrowed by the Company thereunder will be secured by a priority security interest over all of the property of Divestco and will accrue interest at a rate of 18% per annum. Divestco is required to pay an initial facility fee in the aggregate amount of $25,000.

During the CCAA proceedings, as a result of the DIP Financing, it is expected that every day obligations to employees, key suppliers of goods and services and Divestco’s customers will, after the filing date, continue to be met. While under CCAA protection, management of the Company will remain responsible for the day- to-day operations of the Company under the general oversight of the Monitor. At this time, there are no intended changes to the management team or the composition of the Board of Directors of the Company and the Company anticipates that such individuals will continue in their respective roles throughout the CCAA process.

The Company intends to seek approval to initiate a sale and investment solicitation process to be conducted in conjunction with the CCAA proceedings, intended to generate interest in the business and/or the assets of the Company, with the goal of maximizing value for all stakeholders of the Company.

CCAA protection is the form proposed by Divestco as the Company believes that it will provide Divestco the additional time and access to funds required to address the financial challenges, and to pursue its reorganization. There can, however, be no guarantee whatsoever that the CCAA Proceedings and any restructuring thereunder will resolve Divestco’s financial issues or result in the realization by Divestco stakeholders of any particular value.

In accordance with the policies of the TSX Venture Exchange (“TSX-V“), as a result of the commencement of a CCAA process, Divestco’s exchange listing and tier classification will be downgraded from the TSX-V to the NEX.

About the Company

Divestco is an exploration services company that provides a comprehensive and integrated portfolio of data, software, and services to the oil and gas industry. Through continued commitment to align and bundle products and services to generate value for customers, Divestco is creating an unparalleled set of integrated solutions and unique benefits for the marketplace. Divestco’s breadth of data, software and services offers customers the ability to access and analyze the information required to make business decisions and to optimize their success in the upstream oil and gas industry. Divestco is headquartered in Calgary and trades on the TSX Venture Exchange under the symbol “DVT”. Additional information on Divestco is available on its website at www.divestco.com and on SEDAR at www.sedar.com.

For more information please contact:

Divestco Inc. (www.divestco.com)

Mr. Stephen Popadynetz
CEO and President
Tel 587-952-8152
spopadynetz@divestco.com 

Mr. Steve Sinclair-Smith
Chief Operating Officer
Tel 587-952-8184
steve.s@divestco.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Information

This news release contains certain information that constitute forward-looking information under applicable securities legislation. All information other than statements of historical fact is forward-looking information. In some cases, forward- looking information can be identified by terminology such as “will”, “expect”, “plan”, “intend”, “should”, “plan”, “estimate”, “potential”, “continue”, or the negative of these terms or other comparable terminology. The forward-looking information included in this news release includes, without limitation, information concerning Divestco’s plans to implement CCAA proceedings, the availability and terms and impact of the DIP Financing, the appointment of Grant Thornton Limited as the Monitor, the downgrade of Divestco to the NEX, the management and ability of Divestco to continue to operate its business in the manner contemplated above and the investment solicitation process.

The forward-looking information included in this news release is based on current expectations, estimates, projections and assumptions, which the Company believes are reasonable but which may prove to be incorrect and therefore such forward- looking information should not be unduly relied upon. The forward-looking information provided by Divestco in this news release is based on a number of assumptions regarding, among other things: industry activity; the general stability of the economic and political environment; the effect of market conditions on demand for the Company’s products; the level of interest Divestco may receive during its investment solicitation process; that the DIP Financing will be sufficient to meet Divestco’s forecasted and budgeted expenses and that such expenses will not exceed the level of financing received; the ability of Divestco to obtain and retain qualified staff, equipment and services in a timely and cost efficient manner; continuity in the management of Divestco; the ability of Divestco to operate its business in a safe, efficient and effective manner; the effect of current plans; the timing and costs of capital expenditures; and the ability of the Company to successfully market its products.

The forward-looking information contained herein also involves a significant number of known and unknown risks, uncertainties which may cause actual results or performance to be materially different from any future results or performance expressed or implied herein. These risks, uncertainties and other factors relating to the Company include, but are not limited to: the level of indebtedness of the Company; the implementation and impact of obtaining any reorganization or restructuring of the assets, business and financial affairs of the Company; future co-operation of the creditors of the Company and the ongoing willingness of its lenders under the DIP Financing to provide funds to Divestco; the Company’s ability to generate sufficient cash-flow from operations or to obtain adequate financing on an ongoing basis to fund capital expenditures and working capital needs and to meet the Company’s ongoing obligations during the CCAA process and thereafter; the downgrade of the Company’s listing to the NEX is likely to have a significant and negative impact on the liquidity of Divestco’s shares and there can be no certainty as to Divestco’s ability to meet the listing requirements of the NEX; the ability to maintain relationships with suppliers, customers, employees, shareholders and other third parties in light of the Company’s current liquidity situation and the CCAA proceedings; the success of the investment solicitation process; as well as other general risks including issues relating to the ongoing industry and political climate in Alberta. Additional risks and uncertainties affecting the Company and its business and affairs are described in further detail in the Company’s ongoing continuous disclosure documents, including its Annual and Interim Reports, as filed under the Company’s profile on the System for Electronic Document Analysis and Retrieval.

Any forward looking information included in this news release is expressly qualified in its entirety by this cautionary statement. Any forward looking information included herein is made as of the date of this news release and the Company assumes no obligation to update or revise any forward looking information to reflect new events or circumstances, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43144

Falcon Gold Announces AGM Results

Vancouver, British Columbia–(Newsfile Corp. – February 28, 2019) – FALCON GOLD CORP. (TSXV: FG) (“Falcon” or the “Company”) announces results of its Annual General (“AGM”) held Thursday February 28, 2019. Shareholders voted in favour of all management resolutions proposed in the Company’s Information Circular.

Resolutions proposed and approved include:

  1. The number of Directors for the Company was set at four.
  2. The four members elected to the Board of Directors include: Stephen J. Wilkinson, David G. Tafel, James D. Farley, and Brian L. Crawford.
  3. Manning Elliott LLP, Chartered Accountants, was appointed as auditor of the Company for the ensuing year.
  4. The Company’s Stock Option Plan was ratified.

Subsequent to the AGM, the Board of Directors re-appointed the following officers:
Mr. Stephen Wilkinson – CEO,
Mr. Brian Crawford – CFO,
Mr. Kenneth Cawkell – Secretary
Mr. David Tafel – Chairman, Audit Committee

About Falcon Gold Corp.

Falcon is a Canadian based mineral exploration company focused on generating, acquiring, and exploring opportunities in the Americas. Its Ontario, Canada projects include: The Central Canada cobalt, copper, gold project; the Coomer Lake vanadium and titanium project; the Wabunk Bay cobalt, copper and nickel project, and the Burton gold property. Falcon also has an agreement to acquire 20,461 hectares within the Sierra de Las Minas District, Argentina which has hosted several past producing gold, copper and silver mines. The Company has 38,020,184 common shares outstanding and is listed on the TSX Venture exchange with the trading symbol: “FG”. For information on the Company, please visit our website: www.falcongold.ca.

CONTACT INFORMATION:

Falcon Gold Corp.

David Tafel
Chairman

Stephen Wilkinson
CEO & Director

Telephone: +1 604-683-1991
Email: info@falcongold.ca

Cautionary Language and Forward-Looking Statements

This news release may contain forward looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, etc. Forward looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43142

Blackhawk Announces Conditional Approval of CSE Listing and Delisting from TSXV, Quarterly Update and Announces Appointment of Director

Calgary, Alberta–(Newsfile Corp. – February 28, 2019) – Blackhawk Resource Corp. (TSXV: BLR) (“Blackhawk” or the “Corporation“) is pleased to announce that it has received conditional approval to list its common shares on the Canadian Securities Exchange (the “CSE“), and anticipates to voluntarily delist its common shares from the TSX Venture Exchange (the “TSXV“). To ensure continued trading of the Corporation’s common shares, the Corporation intends to seamlessly arrange for the simultaneous delisting of its common shares from the TSXV and subsequent commencement of trading on the CSE on March 5, 2019. Management is of the view that listing the common shares on the CSE will provide the Corporation continued liquidity for its shareholders and to increase its exposure to new investors, in addition it will allow the Corporation to continue to reduce expenses due to the CSE’s lower operating costs.

The Corporation also announced that the financial statements and MD&A for its second quarter ended December 31, 2018 have been filed on Sedar.

  • As at December 31, 2018, Blackhawk held $5,080,550 in current investments.
  • As at December 31, 2018, NAV per share was $0.12.
  • Blackhawk continues to hold certain equity and short term loan investments. The equity portion of its portfolio includes a significant investment in a private eSports company, UMG Media Corp. (“UMG”). UMG is involved in both live tournament events as well as on line match play.
  • Blackhawk has made a strategic investment in a private Hemp/CBD company.

The investments in the esports industry and Hemp/CBD industry allow Blackhawk shareholders to indirectly benefit from two of the fastest growing industries in North America.

PORTFOLIO INVESTMENTS

As at December 31, 2018, the Corporation held total investments of $5,080,550 comprised of equity type investments of $4,845,550 and short term loan investments of $235,000. In addition, the Corporation held a cash balance of $29,877.

Investments at fair value by sector consist of the following as at December 31, 2018:
Sector Cost Total fair value % of total fair value
Mining $508,166 $ − 0%
Technology and other 1,863,318 4,845,550 100%
Total $2,371,484 $4,845,550 100%

 

Debt instrument investments consist of the following as at December 31, 2018:
Short term loans $235,000
Total current debt instrument investments $235,000

 

*Realizable amounts may differ from carrying values.

The Corporation also announces the appointment of Mr. Dale Owen as a director of the Corporation. Mr. Owen is a designated accountant with over 25 years’ experience advising clients at Owen Kirzinger LLP. Mr. Owen has previously been involved as both an officer and director of a number of publicly listed companies. Mr. Owen will also assume the Chair of the Corporation’s Audit Committee and serve as a member of the Corporation’s Compensation Committee.

Additional information is available on our website at www.blackhawkcorp.ca.

For further information please contact:

Dave Antony, CEO
(403) 531-1710
dantony@blackhawkcorp.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. In particular, this news release contains forward-looking information regarding the (i) delisitng of its common shares from the TSXV; and (ii) the expected listing of its common shares on the CSE. There can be no assurance that such forward-looking information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such forward-looking information. This forward-looking information reflects Blackhawk’s current beliefs and is based on information currently available to Blackhawk and on assumptions Blackhawk believes are reasonable. These assumptions include, but are not limited to, TSX Venture Exchange and CSE’s acceptance of the delisting and relisting of Blackhawk’s common shares. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of Blackhawk to be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may include, but are not limited to: general business, economic, competitive, political and social uncertainties; capital market conditions and market prices for securities and junior market securities; the actual results of Blackhawk’s investment strategy; potential conflicts of interest; potential transaction and legal risks; timing and availability of external financing on acceptable terms; and loss of key individuals. A description of additional assumptions used to develop such forward-looking information and a description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in Blackhawk’s disclosure documents on the SEDAR website at www.sedar.com. Although Blackhawk has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. Blackhawk does not undertake to update any forward-looking information except in accordance with applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43141

BiocurePharm, Korea (“BPK”) Announces Closing of Private Placement

Vancouver, British Columbia–(Newsfile Corp. – February 28, 2019) – Biocure Technology Corp. (CSE:CURE) (OTCQB: BICTF) (“CURE” or the “Company”) BiocurePharm, Korea (“BPK”), a wholly owned subsidiary of Biocure Technology Inc. (“CURE”) is pleased to announce that it has closed its non-brokered private placement through its Korean Subsidiary BiocurePharm, Korea (“BPK”), BPK has issued 96,404 shares at $11.45 CAD per share for gross proceeds of $1,103,749. After the issuance of new BPK shares, CURE holds now 97.32% interest in BPK.

The net proceeds from the non-brokered private placement are intended to be used for general working capital and research and development.

About Biocure

Biocure is a South Korean based Bio Pharmaceutical company specializing in the development and potential commercialization of biosimilar pharmaceutical products. Biocure is in the process of pre- clinical trials of five major biosimilar products in South Korea, including Interferon Beta 1b, PEG- Filgrastim and Ranibizumab as well as CAR-T Cell Therapy. Interferon Beta 1b is used for treating relapsing forms of multiple sclerosis (“MS”) Filgrastim is used to treat neutropenia, a lack of certain white blood cells caused by bone marrow transplants, chemotherapy, and other conditions. Ranibizumab is used for treating macular degeneration. It is also used to treat a type of eye problem known as macular edema, as well as certain eye problems caused by diabetes. Biocure is also developing a foot and mouth disease vaccine, and a hair growth production product.

ON BEHALF OF THE BOARD OF DIRECTORS

/S/ “SANG MOK LEE”
CEO and Director

For further information, please contact:

Biocure Technology Inc. Telephone: 604-609-7146, or info@biocuretech.com

Certain statements in this news release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning the Company’s proposed activities under the Agreement and the expectations of the Company regarding funding payments due pursuant to the Agreement. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company. Readers are cautioned not to place undue reliance on forward looking statements. Neither the Canadian Securities Exchange (the “CSE”) nor the Investment Industry Regulatory Organization of Canada) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43136