Not for distribution to U.S. news wire services or dissemination in the United States
VANCOUVER, British Columbia, Nov. 13, 2018 (GLOBE NEWSWIRE) -- DLTa21 Blockchain Corp. (“DLTa21"), a global blockchain development company, is pleased to announce that it has closed a strategic investment with MTI Ltd. (“MTI”), a publicly-traded Japanese technology conglomerate whose primary focus is life-style related content distribution for mobile websites and apps. MTI is listed on the Tokyo Stock Exchange and has a market capitalization in excess of CAD$400 million (www.mti.co.jp/eng/).
MTI’s investment is the lead order in DLTa21’s intended private placement financing of up to 12,000,0000 common shares of DLTa21 at $0.25 per share for total aggregate proceeds of up to CAD$3 million (the “Offering”). All of the securities issued in the Offering will be subject to a four-month hold period from the date of closing. DLTa21 intends to use the net proceeds from the Offering to continue advancing its cryptocurrency exchange license in Japan and for general corporate purposes.
In addition to MTI’s investment, MTI has engaged DLTa21 to provide advisory services to MTI to produce a blockchain solution for one of its digital health platforms, which currently has a user base of 5.6 million paying customers.
“Hutch” Heihachiro Okamoto, Chief Executive Officer of DLTa21 Japan stated, “We are very pleased to be collaborating with MTI to share our blockchain expertise to assist them with developing a cutting-edge platform for their established user base. MTI’s investment in DLTa21 is a testament to their confidence in our expertise in the distributive ledger technology space as well as our focus on the Japanese market. Our team of business and technology professionals in our offices in Vancouver and Tokyo are well-positioned to provide MTI with an advanced blockchain-driven solution for their health and medical digital platform, and MTI’s investment in DLTa21 will allow us to leverage our growth and expand our business offerings to MTI and others in Japan”.
The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States, nor in any other jurisdiction.
About DLTa21
DLTa21 was launched in April 2018 as a global blockchain development company active in several fields: DLTa21X, which, in partnership with Coinsquare, will launch a centralized cryptocurrency exchange in Japan; DLTa21 Ventures, which employs rigorous strategic due diligence methodologies to invest in and incubate the most promising blockchain start-ups; and, a unit trust fund, DLTa21 Cayman Fund, which offers accredited investors quantitative cryptocurrency trading strategies and opportunities to invest in carefully-screened, early-stage blockchain start-ups
On behalf of the Board of Directors of DLTa21 Blockchain Corp.
“B. Matthew Hornor”
B. Matthew Hornor
Executive Chairman
For further information please contact:
DLTa21 Blockchain Corp
B. Matthew Hornor, Executive Chairman
Email: mh@dlta21.com
Telephone: 778-955-6133
www.dlta21.com