Block X Capital Corp. Announces Completion of Change of Business to Investment Issuer, Change of Name, Change of Management a...
24 January 2018 - 9:00PM
Block X Capital Corp. ("Block X" or the
"Company") (CSE:BXXX) is pleased to announce that
further to its press release on December 7, 2017, the Company has
completed a change of business from a Mining Issuer to an
Investment Issuer and has received approval from the Canadian
Securities Exchange to resume trading.
In connection with the change of business, the
Company has changed its name to “Block X Capital Corp.”.
Trading of the Company’s common shares will resume under the new
name and under the new ticker symbol “BXXX” at market open on
January 24, 2018.
The Company will seek investment opportunities
in early-stage to mid-level blockchain and emerging technology
companies, and will leverage its extensive network of operators and
global thought leaders to provide investors with unparalleled
access to investments that are not normally accessible to the
average retail investor.
The Company is pleased to announce that it has
appointed several notable individuals to form its core management
team and board of directors.
- Darius Eghdami: Chief Executive OfficerA Chartered Accountant
by trade, Darius Eghdami is a serial entrepreneur, investor, and
has successfully exited multiple companies. Darius has previously
founded and led multiple businesses in digital, data analytics, and
the consumer internet. Darius founded FansUnite in 2012, the first
social sports book harnessing the power of Blockchain technology.
Darius has extensive experience managing companies, raising
capital, and developing overall vision and business frameworks.
Additionally, Darius was recently named one of Canada’s Next 150
Top Entrepreneurs by the TMX Group.
- Rahim Rajwani: Chief Financial OfficerRahim Rajwani brings over
22 years of extensive public and private company experience to
Block X Capital. Rahim began his career at Yorkton Securities, and
then later moved on to Union Securities where he worked as Chief
Compliance Officer and Vice President of Compliance with a primary
focus on risk mitigation. Rahim served in successive roles of
increasing responsibility at Salman Partners, moving from Chief
Compliance Officer, to Vice President, to Managing Director. Rahim
aims to bestow his deep expertise in the regulatory, compliance,
risk mitigation, and M&A transaction fields in order to support
Block X’s process of identification, evaluation, and investment in
the most promising blockchain and emerging technology
companies.
- Michele Romanow: DirectorMichele Romanow is a serial
entrepreneur who started three companies before her 30th birthday.
A “Dragon” on CBC’s hit show Dragons’ Den, she is a co-founder of
Buytopia.ca (acquired by EMERGE Commerce), SnapSaves (acquired by
Groupon), and co-founder of Clearbanc, an online financial services
platform. She is a Director for Whistler Blackcomb (acquired by
Vail Resorts) (NYSE:MTN), Freshii (TSX:FRII), and SHAD Valley.
Furthermore, Michele was included in the WXN’s “100 Most Powerful
Women in Canada”, Forbes “Millennial on a Mission” list, and winner
of the Toronto Board of Trade Award for entrepreneurs under
30.
- Cale Moodie: DirectorCale Moodie is currently Chief Executive
Officer & Director of Neptune Dash Technologies (TSX-V:DASH), a
builder and operator of Dash Masternodes and exclusive public
investor in the Dash digital currency eco-system. He is also a
co-founder of Brixton Metals (TSX-V:BBB). Previously, Cale was the
Chief Financial Officer of Underworld Resources Inc. until its sale
to Kinross Gold in June of 2010. Prior to becoming a successful
public market executive of multiple companies, Cale worked for KPMG
LLP’s Vancouver Industrial Markets Group, with an emphasis on
audits for mining and resource-based companies. Cale holds the CPA
designation and is a graduate of the University of British
Columbia.
- Zyshan Kaba: DirectorA corporate and securities lawyer by
background, Zyshan Kaba is a venture investor and advisor that
focuses on financial technology, blockchain, and cryptoassets. With
a deep interest in disruptive technology and emerging markets, he
focuses on early stage technology companies and his experience
covers a variety of areas, including legal counsel, business and
regulatory strategy, product development, market research, token
sale structuring and analysis, and raising venture capital. Zyshan
is also a former executive of a venture backed financial technology
company where he was Head of Business and Legal Affairs. Zyshan
received his J.D. from the University of Toronto and is called to
the bar in Ontario and the state of New York.
Darius Eghdami, CEO, states, “Today marks an incredible
milestone for us as the Company has been hard at work surveying the
emerging blockchain-enabled industry and is ready to now resume
trading, invest its capital, and unlock value in the space. At
Block X, we've assembled a world-class team of accomplished
investors and pioneers in the emerging technology sector. We look
forward to capitalizing on the skill and experience of this
executive team we have put together to facilitate investment and
create real shareholder value in some of the most promising and
disruptive blockchain and emerging technology companies of today
and tomorrow.”
The Company also announces that Ian Harris, has
resigned as director to pursue other opportunities. The
Company thanks Mr. Harris for his dedication to the Company and
wishes him all the best in his future endeavors.
On Behalf of the Company,
Darius Eghdami, CEO
Tel: 604-628-5616
For Media Contact:
Natalie Davidson natalie@brixmediaco.com 778 955
8012
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