Global Blockchain Technologies Corp. (CNSX:BLOC) announced the spin-off of Global Blockchain Mining Corp. on January 25, 2018. Global Blockchain Technologies Corp. (CNSX:BLOC) signed an agreement for the spin-off of Global Blockchain Mining Corp. on February 16, 2018. The spinout will be on a one-for-one basis with every share held of Global Blockchain Technologies Corp., entitling the holder to one share of Global Blockchain Mining Corp. Through the arrangement, Global Blockchain Technologies intends to list Global Blockchain Mining Corp, along with all of its mining interests, as a publicly listed Canadian entity. The record date for the transaction is March 1, 2018. As on March 1, 2018, all the shareholders of record at the close of business will also be entitled to vote on the spinout for which Global Blockchain Technologies Corp is seeking shareholder approval at the annual general and special meeting to be held on April 10, 2018.

Prior to and following the completion of the Arrangement, Blockchain Mining will have the following common directors Johannes (Theo) P.M. van der Linde, Brendan Purdy, Steven Nerayoff and Peter McCague. The completion of the arrangement and the listing of Global Blockchain Mining will be subject to regulatory approval, the approval of shareholders, all other consents, orders, regulations and approvals, including regulatory and judicial approvals and orders, required, necessary or desirable for the completion of the Arrangement must have been obtained or received, each in a form acceptable to Blockchain Technologies and Blockchain Mining, there shall be not be in force any order or decree restraining, enjoining or prohibiting the consummation of the transactions contemplated by this agreement and the arrangement, or that would result in a judgement or assessment of damages, directly or indirectly, relating to the transactions contemplated herein that is materially adverse, the approval from Supreme Court of British Columbia and the Canadian Securities Exchange.

The shareholders of Global Blockchain Technologies have approved the spinout of Global Blockchain Mining Corp. in the annual general and special meeting on April 10, 2018. As on April 19, 2018, the transaction has received final approval from the B.C. Supreme Court and Global Blockchain Mining Corp. will list its common shares, under the trading symbol “FORK”, on the Canadian Securities Exchange (CSE) as soon as practicable. National Issuer Services Ltd. acted as transfer agent and registrar and Charlton & Company acted as accountant to Blockchain Mining. Zachary Ansley of Owen Bird Law Corp. acted as legal advisor to Blockchain Technologies.

Global Blockchain Technologies Corp. (CNSX:BLOC) completed the Spin-Off of Global Blockchain Mining Corp. (CNSX:FORK) for CAD 28.9 million on April 20, 2018. As of May 10, 2018, the initial listing application for Blockchain Mining has been submitted to the CSE. Blockchain Mining is anticipated to commence trading in late May 2018, subject to approval by the CSE. The shares of Blockchain Mining will commece trading on the Canadian Securities Exchange effective at the market open on July 18, 2018.