TSX-V Symbol: HELX
VANCOUVER, BC, July 22, 2021 /CNW/ - Helix Applications
Inc. (TSXV: HELX) (the "Company") is pleased to announce
that effective July 23, 2021 it will
be changing its name to "GlobalBlock Digital Asset Trading
Limited". The common shares of the Company ("Common
Shares") will commence trading under the new name on the TSX
Venture Exchange with the new trading symbol "BLOK" at the
opening of trading on July 23,
2021.
The name change is to create alignment with the Company's
recently completed business combination with GlobalBlock
Limited. See the Company's July 19,
2021 press release for more information.
The Company's new CUSIP number will be 37892G107 and its new
ISIN number will be CA37892G1072.
There is no change in the share capital of the Company in
connection with the name change, and no action will be required by
existing shareholders of the Company with respect to the name
change. Certificates representing Common Shares will not be
affected by the name change and will not need to be exchanged. The
Company encourages any shareholders with any questions or concerns
to contact the Company or to discuss any of the foregoing with
their broker or agent.
Grant of Stock Options
The Company announces the grant of incentive stock options to
acquire a total of 1,280,000 Common Shares at an exercise price
of $0.82 per share, with such options to vest as to one-half
immediately and the remaining one-half on the first year
anniversary of the date of grant. The options expire five
years from the date to grant. These options were granted to
directors, officers and consultants of the Company.
ABOUT THE COMPANY
Helix Applications Inc. is a publicly traded holding company
(TSX Venture: HELX) whose wholly owned subsidiary, GlobalBlock
Limited (https://www.globalblock.co.uk), is a United Kingdom based digital asset broker that
provides a personalised telephone brokerage service, trading
platform and mobile app. Established in 2018 by an experienced team
of financial services professionals, GlobalBlock Limited acts as a
trusted agent serving the digital asset needs of individuals,
corporates, institutional financial firms and intermediaries,
providing best execution trading and safe custody of digital
assets.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
Certain information set out in this news release constitutes
forward-looking statements or information. Forward looking
statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "plan", "continue", "estimate",
"expect", "may", "will", "intend", "could", "might", "should",
"believe" and similar expressions. In particular, this news release
contains forward-looking statements in respect of among other
things, the continued and successful development of the businesses
of each of the Company and GlobalBlock Limited, the ability of
GlobalBlock Limited to obtain the applicable regulatory approvals
(including permanent registration with the Financial Conduct
Authority in the United Kingdom)
to continue to conduct its business and other information
concerning the intentions, plans, future action and future
successes of the Company, and its businesses, technologies and
products described herein. Forward-looking statements are based
upon the opinions and expectations of management of the Company as
at the effective date of such statements and, in certain cases,
information provided or disseminated by third parties. Although the
Company believes that the expectations reflected in such
forward-looking statements are based upon reasonable assumptions,
and that information obtained from third party sources is reliable,
they can give no assurance that those expectations will prove to
have been correct. Readers are cautioned not to place undue
reliance on forward-looking statements included in this document,
as there can be no assurance that the plans, intentions or
expectations upon which the forward-looking statements are based
will occur. By their nature, forward-looking statements involve
numerous assumptions, known and unknown risks and uncertainties
that contribute to the possibility that the predictions, forecasts,
projections and other forward-looking statements will not occur,
which may cause actual results in future periods to differ
materially from any estimates or projections of future performance
or results expressed or implied by such forward-looking statements.
These risks and uncertainties include, among other things, risk
factors set forth in the Company's most recent management's
discussion and analysis, a copy of which is filed on SEDAR at
www.sedar.com, and readers are cautioned that the risk factors
disclosed therein should not be construed as exhaustive. These
statements are made as at the date hereof and unless otherwise
required by law, the Company does not intend, or assume any
obligation, to update these forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Helix Applications Inc.
