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Global Blockchain Technologies (OTC:BLKCF) completes X2 Games acquisition

Tony Zerucha

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Global Blockchain Technologies (OTC:BLKCF) has acquired all of the issued and outstanding shares of X2 Games by way of a three-cornered amalgamation. The deal introduced the leadership of Atari co-founder Nolan Bushnell and Hollywood creative director and VFX visionary Zai Ortiz to BLOC’s operations, as BLOC pivots to focus on gaming-related projects.

Global Blockchain Technologies issued 330,519,541 common shares at $0.15 per share in exchange for all of the issued and outstanding X2 Games Shares, for an aggregate purchase price of $49,577,931.15.

X2 Games merged with a wholly-owned Global Blockchain Technologies subsidiary, 1183493 B.C. Ltd.  Following the closing, the subsidiary became X2 Games Corp. All intellectual property rights to X2 Games’ current game projects became Global Blockchain Technologies property, including four digital interactive games for Amazon Alexa. One of these games, titled St. Noire, has a pre-release date set for Q1 2019, with three other Amazon Alexa games set to be launched later in 2019. A trailer of St. Noire can be seen here.

“As a result of this transaction, we will have delivered three prosperous lines of business to our shareholders in just over a year’s time,” Global Blockchain Technologies CEO and president Shidan Gouran said. “Bringing Nolan and Zai, as well as their creative works into BLOC, enables us to build a stronger footing in the ever-growing interactive gaming space. Then, with expanded operations for FORK, and continued developments with our exchange operations in the Spinout, we have a wide range of business interests in our family of companies. We expect things to go well with each of these companies before 2018 is out, with some very exciting prospects on the horizon for 2019.”

The transaction was the approved by the shareholders of X2 Games at a special meeting Dec. 14 where 74.1 per cent  of eligible shares were represented in person or by proxy, with all votes cast in favor.

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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