There are no assurances the Transaction will be completed on the terms and timeline anticipated, or at all. Glance offers targeted in-app marketing, geo-targeted digital coupons, customer feedback, in-merchant messaging, custom rewards programs, digital receipts, and digital deals. His interest in blockchain technologies started with the financial incentives that digital currencies use to encourage network participation — from early Bitcoin mining to Dash incentivized full nodes. Acquisition of eXeBlock Technology Inc Effective September 6, 2017, the Company completed the acquisition of 100% of the issued and outstanding shares of eXeBlock Technology Inc. Investors are cautioned against attributing undue certainty to forward-looking statements. Upon issuance of the common shares in exchange for the subscription receipts, the Company's total issued and outstanding shares increased to 61,404,031 shares.
Perry comes to blockchain application development with over 20 years experience developing and managing web-based applications and services. The common shares issuable upon exercise of the finders' warrants are subject to a statutory hold period expiring on March 16, 2018. Gary is a philanthropist who cares about the environment, politics and communal wellbeing. Transaction Background The Board of eXeBlock has considered all relevant factors and unanimously determined that the Transaction is in the best interests of the Company and its shareholders. Such risk factors include, among others, the Company's limited operating history and expected continued operating losses; failure of the Company's business strategy; inherent risks of the cryptocurrency and blockchain industry; system failures and security risks; government regulation; need for additional financing requirements and access to capital; reliance on key and qualified personnel; dependence on third party relationships; insurance; competition; and intellectual property. These websites are subject to the liability of the respective operators.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Auch für die neue Top 15 Best-Of-Auswahl sind die Analysten wieder sehr positiv gestimmt. The Board concluded that a separate special committee was not necessary and that the negotiations were arms-length. Other factors include risks associated with the marketing and sale of securities; dilution; the potential for conflicts of interest among certain officers or directors; and the volatility of the Company's common share price and volume. The parties eventually reached agreement in February.
In addition, as required by the British Columbia Securities Commission, the common shares issued in exchange for the subscription receipts are subject to a statutory hold period expiring on February 5 or 7, 2018, as applicable. Investors are cautioned against attributing undue certainty to forward-looking statements. The principal business carried on by eXeBlock Inc. Third-party content and contributions must be labeled as such. As feasible, personal data e. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. The net proceeds from the Private Placement will be used by eXeBlock to fund its software development.
Where applicable, the Transaction cannot close until the required shareholder approval is obtained. Forward looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and disinterested shareholder approval. In such case, however, there can be restrictions when using our website. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing risk factors and other uncertainties and potential events. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. Investors are cautioned against attributing undue certainty to forward-looking statements.
However, should the company become aware of legal violations, the corresponding external will be deleted without delay. The unauthorized reproduction or transfer of some or all content is not permissible and is subject to criminal prosecution. The Company is currently looking at other opportunities within the private blockchain space. Glance Technologies is the owner of Glance Pay and Glance PayMe, a pair of complementary smartphone payment applications that enable merchants to provide their customers with quick secure payments, digital rewards, and a better customer experience. The Company also issued share purchase warrants to the finders entitling them to purchase up to 1,328,057 common shares equal to 7. Glance has patent-pending technology to prevent fraud, remove payment friction and create a seamless experience for the consumer and merchant. When used in this press release, the words 'estimate', 'project', 'belief', 'will', 'anticipate', 'intend', 'expect', 'plan', 'predict', 'may' or 'should' and the negative of these words or such variations or comparable terminology are intended to identify forward-looking statements and information.
Glance cautions investors that any forward-looking information provided by Glance is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking statements. Copies of the management information circular, the updated material change report and the Agreement are available at www. Effective November 15, 2017, the subscription receipts were automatically exchanged for 17,707,428 common shares of the Company for no additional consideration and the gross proceeds of the Financing were released from escrow to the Company. Such factors include, among others, the following risks: risks associated with the completion of the Transaction and matters relating thereto; and risks associated with the marketing and sale of securities, the need for additional financing, reliance on key personnel, the potential for conflicts of interest among certain officers or directors, and the volatility of the Company's common share price and volume. Jack Saba Jack Saba co-founded Day One Investments and Day One Consulting to aid international economic development by bringing the Blockchain to emerging markets.
Gary Bahre Gary Bahre is an experienced entrepreneur who owned, operated and sold the New Hampshire Motor Speedway. Each time a block gets completed, a new one is generated. Halifax, Nova Scotia-- Newsfile Corp. A seasoned executive and passionate entrepreneur, Haileab has over 20 years of experience building highly effective teams - driving operating efficiencies and growth in the businesses that he has been involved with. Alexei Dulub, lead front-end programmer in the development of PeerPlays, will be a key member of eXeBlock's senior management team. The number of organizations interested in the specific assets is very limited.