DMG Blockchain Solutions Announces CDN$28.1 Million Private Placement Offering with Institutional Investors

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VANCOUVER, British Columbia, April 28, 2021 (GLOBE NEWSWIRE) — DMG Blockchain Options Inc. (TSXV: DMGI) (DMGGF: OTCQB) (FSE: 6AX) (“DMG” or the “Firm”), a vertically built-in blockchain and cryptocurrency know-how firm is happy to announce that it has entered right into a securities buy settlement for a non-public placement of its widespread shares (“Frequent Shares”) and warrants to buy widespread shares (“Warrants”) to institutional traders just for combination gross proceeds to the Firm of roughly Cdn$28.1 million (the “Personal Placement”). Pursuant to the Personal Placement, the Firm will subject 22,297,644 Frequent Shares and Warrants to buy as much as 22,297,644 Frequent Shares at a purchase order worth of Cdn$1.26 per Frequent Share and related Warrant. Every Warrant will entitle the holder thereof to buy one Frequent Share at an train worth of Cdn$1.50 per Frequent Share at any time previous to the three-year anniversary of the time limit of the Personal Placement (the “Closing Date”).

H.C. Wainwright & Co. is performing because the unique placement agent for the personal placement in the US.

The Frequent Shares and Warrants to be issued underneath the Personal Placement will probably be certified by means of a prospectus complement underneath the Firm’s base shelf prospectus dated March 1, 2021 (collectively, the “Prospectus Complement”) which will probably be filed in every of the provinces of Canada, besides Québec. In the US, the Frequent Shares, Warrants and the shares issuable upon the train of the Warrants will probably be supplied on a non-public placement foundation pursuant to exemptions from the registration necessities of the US Securities Act of 1933, as amended (the “U.S. Securities Act”), and sure different jurisdictions in accordance with relevant securities legal guidelines.


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The online proceeds of the Personal Placement are anticipated for use by the Firm for infrastructure enlargement and tools purchases, funding in cryptocurrencies, potential future acquisitions and partnerships, software program growth, enlargement of selling and gross sales actions and dealing capital and common company functions. Particulars as to the particular allocation of the proceeds will probably be disclosed within the Prospectus Complement.

The Firm expects the Closing Date to happen on or about Could 3, 2021. The Firm has utilized to checklist the Frequent Shares issued within the Personal Placement and the Frequent Shares underlying the Warrants on the TSX Enterprise Alternate (the “TSXV”). The Personal Placement is topic to the satisfaction of sure customary closing situations, together with, however not restricted to, the receipt of all crucial regulatory and inventory alternate approvals (together with, for certainty, the acceptance of the TSXV).

No securities have been supplied on the market or bought to Canadian residents.

This information launch shall not represent a proposal to promote or a solicitation of a proposal to purchase nor shall there be any sale of any of the securities in any jurisdiction in Canada in reference to the Personal Placement. This information launch shall not represent a proposal to promote or the solicitation of a proposal to purchase nor shall there be any sale of the securities in any jurisdiction by which such provide, solicitation or sale could be illegal previous to registration or qualification underneath the securities legal guidelines of any such jurisdiction. This information launch shall not represent a proposal of securities on the market in the US. The securities being supplied haven’t been, nor will they be, registered underneath the U.S. Securities Act and such securities will not be supplied or bought inside the US absent registration underneath U.S. federal and state securities legal guidelines or an relevant exemption from such U.S. registration necessities.

About DMG Blockchain Options Inc.

DMG is a vertically built-in blockchain and cryptocurrency firm that manages, operates, and develops end-to-end digital options to monetize the blockchain ecosystem. DMG’s companies are segmented into three most important divisions: knowledge centre operations, knowledge analytics and forensics and creating enterprise blockchains. DMG’s knowledge centre operations give attention to incomes revenues from block rewards and transaction charges by mining primarily bitcoin in addition to offering internet hosting providers for industrial mining purchasers. DMG’s knowledge analytics and forensic providers present technical experience software program merchandise akin to Blockseer Pool, Mine Supervisor and Walletscore, in addition to working with auditors, legislation companies, and legislation enforcement organizations. DMG’s permissioned blockchain know-how is concentrated on creating enterprise software program for the availability chain administration of managed merchandise. DMG’s technique is to develop into the area consultants throughout the enterprise verticals it focuses on. DMG’s administration staff consists of seasoned crypto consultants, forensic & monetary professionals and blockchain builders with deep relationships all through the trade.

Future modifications within the Bitcoin network-wide mining issue charge or Bitcoin hashrate might materially have an effect on the long run efficiency of DMG’s manufacturing of Bitcoin, and future operational outcomes may be materially affected by the worth of Bitcoin and a rise in hashrate mining issue.

For extra data on DMG Blockchain Options go to: www.dmgblockchain.comOn behalf of the Board of Administrators,

Sheldon Bennett, CEO & Director

For additional data, please contact:DMG Blockchain Options Inc.Electronic mail: traders@dmgblockchain.comNet:

Investor Relations Contact:CORE IR 516-222-2560

For Media Inquiries:Jules Abraham, Head of Public RelationsCORE

Neither the TSX Enterprise Alternate nor its Regulation Service Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this information launch.

Cautionary Observe Relating to Ahead-Wanting Data

This information launch accommodates forward-looking data based mostly on present expectations. Ahead-looking statements contained on this information launch embrace statements concerning the closing of the Personal Placement, the timing of the closing of the Personal Placement, the usage of proceeds from the Personal Placement and the receipt of requisite regulatory approvals. Ahead-looking statements include statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations or intentions concerning the long run. Such data can usually be recognized by way of forwarding wanting wording akin to “might”, “anticipate”, “estimate”, “anticipate”, “intend”, “consider” and “proceed” or the unfavourable thereof or related variations. The reader is cautioned that assumptions used within the preparation of any forward-looking data might show to be incorrect. Occasions or circumstances might trigger precise outcomes to vary materially from these predicted, on account of quite a few recognized and unknown dangers, uncertainties, and different elements, a lot of that are past the management of the Firm, together with however not restricted to, market and different situations, volatility within the buying and selling worth of the Frequent Shares, dangers referring to the power of the Firm to acquire the requisite regulatory approvals referring to the Personal Placement, enterprise, financial and capital market situations; the power to handle working bills, which can adversely have an effect on the Firm’s monetary situation; the power to stay aggressive as different higher financed opponents develop and launch aggressive merchandise; regulatory uncertainties; entry to tools; market situations and the demand and pricing for merchandise; the demand and pricing of bitcoins; safety threats, together with a loss/theft of DMG’s bitcoins; DMG’s relationships with its prospects, distributors and enterprise companions; the lack so as to add extra energy to DMG’s amenities; DMG’s capability to efficiently outline, design and launch new merchandise in a well timed method that meet prospects’ wants; the power to draw, retain and inspire certified personnel; competitors within the trade; the impression of know-how modifications on the merchandise and trade; failure to develop new and revolutionary merchandise; the power to efficiently keep and implement our mental property rights and defend third-party claims of infringement of their mental property rights; the impression of mental property litigation that might materially and adversely have an effect on the enterprise; the power to handle working capital; and the dependence on key personnel. DMG might not truly obtain its plans, projections, or expectations. Such statements and data are based mostly on quite a few assumptions concerning current and future enterprise methods and the atmosphere by which the Firm will function sooner or later, together with the demand for its merchandise, the power to efficiently develop software program, that there will probably be no regulation or legislation that may forestall the Firm from working its enterprise, anticipated prices, the power to safe enough capital to finish its enterprise plans, the power to attain objectives and the worth of bitcoin. Given these dangers, uncertainties and assumptions, you shouldn’t place undue reliance on these forward-looking statements.

The securities of DMG are thought-about extremely speculative because of the nature of DMG’s enterprise.

Elements that might trigger precise outcomes to vary materially from these in forward-looking statements embrace, failure to acquire regulatory approval, the continued availability of capital and financing, tools failures, lack of provide of apparatus, energy and infrastructure, failure to acquire any permits required to function the enterprise, the impression of know-how modifications on the trade, the impression of Covid-19 or different viruses and ailments on the Firm’s capability to function, safe tools, and rent personnel, competitors, safety threats together with stolen bitcoins from DMG or its prospects, shopper sentiment in the direction of DMG’s merchandise, providers and blockchain know-how usually, failure to develop new and revolutionary merchandise, litigation, enhance in working prices, enhance in tools and labor prices, lower within the worth of Bitcoin, failure of counterparties to carry out their contractual obligations, authorities laws, lack of key staff and consultants, and common financial, market or enterprise situations. Ahead-looking statements contained on this information launch are expressly certified by this cautionary assertion. The reader is cautioned to not place undue reliance on any forward-looking data. The forward-looking statements contained on this information launch are made as of the date of this information launch. Besides as required by legislation, the Firm disclaims any intention and assumes no obligation to replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case. Moreover, the Firm undertakes no obligation to touch upon the expectations of, or statements made by third events in respect of the issues mentioned above.

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