Cryptoblox Technologies Inc. (CNSX:BLOX) entered into a share purchase agreement to acquire Blockchain Fintech Unipessoal LDA for $9.8 million on March 4, 2024. Pursuant to the Agreement, the Company will acquire 100% of the outstanding shares of Blockchain Fintech for 20,000,000 common shares of the Company, having a deemed value of $11 million. Closing of the Acquisition is subject to customary closing conditions for a transaction of this nature, including Canadian Securities Exchange approval and the Company?s satisfaction with the results of its due diligence.

The Acquisition was negotiated at arm?s length and will not result in a change of control or the creation of a control person of CryptoBlox. A finder?s fee of 1,600,000 Common Shares will be payable on closing.