Announcement • Dec 23
eXeBlock Technology Corporation announced that it expects to receive CAD 2.4 million in funding eXeBlock Technology Corporation announced a non-brokered private placement to issue 4,114,520 subscription receipts at a price of CAD 0.5833 per subscription receipt for aggregate gross proceeds of CAD 2,399,999.516 on December 23, 2025. Each Subscription Receipt shall automatically convert, for no additional consideration, upon the satisfaction of escrow release conditions into one post consolidation common share of the resulting issuer. Finder's fees may be paid in connection with the offering within the maximum amount permitted by the policies of the Exchange. New Risk • Feb 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (65% average weekly change). Earnings have declined by 8.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.5m market cap, or US$8.71m). Announcement • Jan 09
eXeBlock Technology Corporation announced that it has received CAD 0.1 million in funding On January 7, 2025, eXeBlock Technology Corporation closed the transaction. The company issued 4,000,000 common shares and 4,000,000 common share purchase warrants of the Company by way of a private placement financing. Each warrant has an exercise price of CAD 0.06 per share and expires on January 7, 2027. In connection with the private placement, the company paid the Agent a cash commission of CAD 28,980 and issued 1,159,200 nontransferable share purchase warrants. The transaction included participation from an individual investor, Dawe.