Big Blockchain in­creases bought deal to $17-mil­lion

Stockwatch Daily - - FRONT PAGE - Mr. Lance Morginn re­ports

BIG BLOCKCHAIN In­tel­li­gence Group Inc. has amended the terms of its pre­vi­ously an­nounced bought deal with an in­crease to 22.67 mil­lion com­mon shares at a price of 75 cents per share for ag­gre­gate gross pro­ceeds to Big Blockchain of $17,002,500. The of­fer­ing will be un­der­writ­ten by a syn­di­cate of un­der­writ­ers led by GMP Se­cu­ri­ties LP and in­clud­ing Canac­cord Ge­nu­ity Corp., Cor­mark Se­cu­ri­ties Inc., Hay­wood Se­cu­ri­ties Inc. and PI Fi­nan­cial Corp.

The un­der­writ­ers will also have the op­tion, ex­er­cis­able up to two busi­ness days prior to the clos­ing date of the of­fer­ing, to ar­range for the purchase of up to an ad­di­tional 3,400,500 com­mon shares at the of­fer­ing price for ad­di­tional gross pro­ceeds of up to $2,550,375. In the event that the op­tion is ex­er­cised in its en­tirety, the ag­gre­gate gross pro­ceeds would in­crease to $19,552,875.

The terms of the fi­nanc­ing and use of pro­ceeds re­main as pre­vi­ously dis­closed in all other re­spects.

“We are pleased that as a re­sult of strong in­vestor de­mand, we were able to se­cure a fi­nanc­ing of $17.0-mil­lion plus the over­al­lot­ment op­tion to fund the growth of the com­pany, which is in line with our orig­i­nal fi­nanc­ing ob­jec­tives. The ini­tial $10.0-mil­lion size pro­vided a good start­ing point to so­licit in­ter­est given the lack of trad­ing his­tory for Big,” stated Lance Morginn, chief ex­ec­u­tive of­fi­cer of Big Blockchain.

About Big Blockchain In­tel­li­gence Group Inc.

Big is head­quar­tered in Van­cou­ver, B.C., Canada, and is an in­for­ma­tion tech­nol­ogy com­pany. Big has de­vel­oped from the ground up a blockchain ag­nos­tic search and an­a­lyt­ics en­gine al­low­ing regtech, law en­force­ment and gov­ern­ment agen­cies to trace, track and mon­i­tor cryp­tocur­rency trans­ac­tions at a foren­sic level. Big presently has two prod­ucts: QLUE and Bi­trank. QLUE is a soft­ware-as-a-ser­vice (SaaS) plat­form for law en­force­ment and anti-money laun­der­ing (AML) de­part­ments to aid in the fight against fi­nan­cial crimes in­volv­ing bit­coin.

We seek Safe Har­bor.

Jatin­der Bains, Ra­jen Singh Janda, Sonny Janda, Spiro I Kle­tas

(BIGG) Shares: 73,758,877

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