Member Info for nico869

Nothing to say this can’t go up a little bit with the low £20 million market cap...

In fact it is a dead cert that it will with the drilling campaign starting – those companies where things rather go to pieces when the drilling starts and maybe even drop on an oil strike are always ones who have a much much higher market cap than this.

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Cannabis Licence Acquisition

Block Commodities is pleased to announce that the Company and Century
Cobalt Corporation ("CCOB"), together the "Acquiring Parties", have
entered into an option agreement to acquire a 70% interest (the
"Acquisition") in a Medicinal Cannabis licence granted to Magnus Cannabis
Group (Private) Limited ("Magnus") by the government of Zimbabwe. The
Acquiring Parties will each hold 35%. CCOB is a publicly traded (OTCQB:
CCOB) cobalt exploration and development company headquartered in Los
Angeles, California. The stake in the Magnus licence, will secure supply
of medicinal grade cannabis for the production of Nutraceuticals.

The option is for an exclusivity period of 90 days to complete the
Acquisition. The proposed terms of the Acquisition are as follows:

• Payment of an Option fee of £50,000, to be apportioned equally between
the Acquiring Parties, and

• Payment by BLCC of GBP 1.5m through the issue of 2,142,857,142 fully
paid ordinary shares in BLCC (calculated at 0.07p per share) upon
exercise of the option, and contemporaneously the payment by CCOB of
GBP1.5m of CCOB fully paid ordinary shares price based on a 30day VWAP
(using the US$:GB£ closing middle market exchange rate published by
the Bloomberg on the day immediately prior to completion).

Greenbelt Update

The Company is no longer pursuing the acquisition of Greenbelt Company
Limited, pursuant to an option agreement date 27 March 2019, as the
relevant Cannabis legislation is no longer under consideration by the
Sierra Leone government.

The Directors of the Company accept responsibility for the content of this
announcement.

For further information, please contact:

Block Commodities Limited
Ian Tordoff 1 nc@blockcommodities.com

Aquis Exchange Corporate Adviser:
First Sentinel Corporate Finance Limited +44 7876 888 011
Brian Stockbridge

Gabrielle Cordeiro

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ISIN: GG00B4QYTJ50
Category Code: ACQ
TIDM: BLCC
LEI Code: 2138001KNTXRAZTFKU51
OAM Categories: 2.2. Inside information
Sequence No.: 95568
EQS News ID: 1175778

End of Announcement EQS News Service

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