BLOK Digital Completes $1 Million Non-Brokered Private Placement

Core Points - BLOK Digital Ltd. has completed a non-brokered private placement raising a total of $1 million by issuing 10,000,000 common shares at a price of $0.10 per share [1][2] Group 1: Financial Details - The net proceeds from the private placement will be used to settle outstanding debts, update the company's continuous disclosure record, and for general corporate and working capital purposes [2] - A cash finder's fee of $6,600 will be paid to Haywood Securities Inc. for their role in the private placement [3] Group 2: Regulatory Information - The common shares issued are subject to a four-month hold period in accordance with applicable securities laws [3] - The press release clarifies that the company's securities are not being offered for sale in the United States without proper registration [4][5]