LONDON, United Kingdom and Vancouver, British Columbia – (Newsfile Corp. – April 29, 2022) – GlobalBlock Digital Asset Trading Limited (TSXV: BLOK) (OTC Pink: BLVDF) (FSE: BD4) (“company” either “globalblock“) is pleased to announce the appointment of Aman Jalwa as the new Chief Financial Officer, to take effect following the departure of Jessica van den Acker, who will leave the business to focus on other opportunities, once Handing over period after the audited financials are filed with an orderly.
Aman is a qualified Chartered Accountant having trained at KPMG in London. Aman was most recently interim-CFO of digital asset liquidity technology platform Enigma Securities, a firm backed by British billionaire investor Alan Howard, before that he was director of finance at Outlier Ventures, a tech VC focused on blockchain, AI and Web3. The firm was Startup. Prior to this, Aman served as the Interim-Finance Director of Omnio, a digital banking fintech business.
Early international experience included joining Japanese electronics firm JVC Kenwood as a finance manager before being promoted to head of finance in 2012. He then moved on to the real estate business Asia Pacific Investment Partners as VP for Finance and Accounting, before joining Japanese MBO Fund Asia. Growth Capital as their COO and CFO.
GlobalBlock CEO Rufus Round said:
“We are delighted to welcome Aman Jalwa, whose experience is highly complementary to GlobalBlocks, particularly in fintech and blockchain. He will be joining us at a very exciting time for business and the industry as a whole.
“We would like to thank Jessica for her leadership before and after last year’s business combination, particularly during that transition and through her time through the company’s first audit, and wish her the best in her future endeavours. give.”
GlobalBlock’s CFO Aman Jalwa said:
“GlobalBlock is a great business run by experienced and experienced financial services professionals. I look forward to supporting the Board in its short, medium and long-term objectives. Blockchain and financial services are experiencing a dynamic change and I plan to grow GlobalBlocks.” To help grow and become a leader in digital asset trading and the provision of products in the UK and beyond, with the support of the management team and board.”
The company further declares that it does not anticipate being in a position to file its audited annual financial statements, management’s discussion and analysis, and related certificates for the financial year ended December 31, 2021 (collectively, “annual filing“) on or before May 2, 2022, as required, this is the first annual financial statement for the Company following the acquisition of (i) GlobalBlock Limited and its digital asset brokerage business in the United Kingdom (“acquisition“); (ii) the Company is updating the accounting systems and procedures of its new subsidiary, GlobalBlock Ltd., following the acquisition; and (iii) this is the Company’s first annual financial statement to be audited by its new auditor, Kingston Ross Pasnak LLP and therefore the auditor needs additional time to complete his review and procedures.
Accordingly, the Company has applied to the British Columbia Securities Commission, the Company’s principal securities regulator in Canada, to issue a Management Closed Trading Order (“MCTO“) 12-203 Management Closed Business Order under the provisions of the National Policy (“NP 12-203“) to be given in respect of late filing of annual filings, so as to allow continued trading in common shares of the company by persons other than the chief executive officer, chief financial officer and such other directors, officers and persons of the company stipulated by applicable regulatory authorities. There is no guarantee that an MCTO will be granted. The company is expected to file annual filings on or before May 13, 2022.
The Company confirms that it intends to meet the provisions of Section 10 of NP 12-203 and issue a bi-weekly default status report, unless the Company remains in default of the requirement to file a financial statement, containing information any material changes in this release, all actions taken by the Company to correct the default; Details of any failure by the Company to fulfill these provisions, any subsequent default by the Company requiring a default declaration and any other material information relating to the affairs of the Company not previously disclosed.
There is no material information relating to the affairs of the Company that is generally not disclosed and GlobalBlocks remains in a sound financial position with a strong cash balance and is debt free.
about the company
GlobalBlock Digital Asset Trading Limited is a publicly traded holding company (TSXV: BLOK) with a wholly owned subsidiary, GlobalBlock Limited (currently a United Kingdom-based digital asset broker that provides a personal telephone brokerage service, trading platform and mobile The app provides. Founded in 2018. By an experienced team of financial services professionals, GlobalBlock Limited acts as a trusted agent, meeting the digital asset needs of Individuals, Corporates, Institutional Financial Firms and Intermediaries, Offers best performance trading and secure custody of digital assets.At this time, GlobalBlock Limited only accepts clients or clients resident in the United Kingdom and Ireland for its digital asset broker or trading services.
For more information please contact the company at:
Rufus Round, CEO
c/o 65 Curzon Street, London, W1J 8PE, United Kingdom
tel. +00 44 20 3286 2904
Citygate Due Rogerson
Cautionary Note Regarding Forward-looking Statements
Some of the information in this news release constitutes forward-looking statements or information. Forward-looking statements are often, but not always, by the use of words such as “looking for”, “estimate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”. are recognized. , “intend”, “could”, “could be”, “should”, “believe” and so on. Specifically, this news release contains, among other things, forward-looking statements: the timing of the annual filing, audit, completion and filing; Application and grant of MCTO; The continued and successful development of the businesses and technologies of each of the Company and its subsidiaries, the ability and other relevant intentions, plans, future course of action for the Company and its subsidiaries to obtain applicable regulatory approvals to continue to conduct their business The information and future successes of the Company, and its businesses, technologies and products are described herein. Forward-looking statements are based on the opinion and expectations of the company’s management at the effective date of such statements and, in some cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, and that information obtained from third party sources is reliable, they cannot provide any assurance that those expectations will prove to be accurate. Readers are cautioned not to undue reliance on the forward-looking statements contained in this document, as no assurance can be given that the plans, intentions or expectations on which the forward-looking statements are based will occur. By their nature, forward-looking statements involve a number of assumptions, known and unknown risks and uncertainties that contribute to the possibility that predictions, forecasts, estimates and other forward-looking statements will not be forward-looking statements, which could cause actual results in future periods to differ materially. . 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, the risk factors determined in the Company’s most recent management discussion and analysis, a copy of which is recorded on SEDAR at www.sedar.com, and readers are cautioned that the risk factors manifested in them should not be considered as a whole. These statements are made as of the date herein and unless otherwise required by law, the company does not intend, or assumes any obligation, to update these forward-looking statements.
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