Canada News Wire
Vancouver, British Columbia, July 28, 2022
Vancouver, British Columbia, July 28, 2022 / CNW /-British Columbia Securities Commission (BCSC) VancouverThe base blockchain technology investment company and three of its executives have misrepresented the sale of its shares.
BLOK Technologies Inc. announced in a 2018 news release $ 5.4 million Through private placement. BLOK did not reveal that it had already spent or rented $ 4.4 million About consulting fees, therefore, only hold about $ 950,000 – Less than 18 percent of the proceeds.
BCSC should know or reasonably know that BLOK, which was trading on the Canadian Stock Exchange, is a misrepresentation to and violates investors. Claims to have said there is. Securities law.
Robert Earl DawsonPresident and CEO of BLOK. James Joseph Highland, Its vice president and director.When David Malcolm AlexanderIts Chief Financial Officer is alleged to have approved, permitted, or tolerated the misrepresentation of the company, and therefore Activities..
BCSC’s claim has not been proven. The Commission requires stakeholders to appear at BCSC’s office. October 13, 2022 If you wish to have a hearing before the hearing is scheduled.
About the British Columbia Securities Commission (www.bcsc.bc.ca)
The British Columbia Securities Commission is an independent state agency responsible for the regulation of capital markets. British Columbia Through management Securities law.. Our mission is to protect and promote the public interest by promoting:
A securities market that is fair and guarantees public trust
A dynamic and competitive securities industry that provides investment opportunities and access to capital
Learn how to protect yourself and become a more informed investor. www.investright.org
Source British Columbia Securities Commission