Global Blockchain Technologies Corp. (CNSX:BLOC.U) acquired a 12.8% stake in Hyperion Crypto Exchange Inc. for CAD 4.7 million on July 5, 2018. As a part of the consideration, Global Blockchain paid CAD 2.5 million in cash and issued 8.3 million shares to Hyperion. The cash portion of the transaction was funded from the proceeds of a private placement for 8.3 million common shares at a subscription price of CAD 0.30 per share which was completed on July 23, 2018. Pursuant to the share purchase agreement, BLOC will also be entitled to elect two nominees to the board of directors of Hyperion. Global Blockchain Technologies Corp. (CNSX:BLOC.U) completed the acquisition of a 12.8% stake in Hyperion Crypto Exchange Inc. on July 5, 2018.