APP - Global Compliance Applications Corp. Announces Extension of Warrants
(TheNewswire)
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Vancouver, British Columbia, Canada – TheNewswire- September 11, 2023 – Global Compliance Applications Corp.(“ GCAC ” or the “ Company ”) (CSE:APP ) ( FSE:2FA ) ( OTC:FUAPF) announces that itintends to extend the expiry date of an aggregate of 19,556,819 commonshare purchase warrants (the “ Warrants ”) by six months to March 25, 2023.
The Warrants were originally issued on September 25, 2020 and arecurrently set to expire on September 25, 2023. Each Warrant entitlesthe holder thereof to acquire one common share in the capital of theCompany at a price of $0.05 per common share. Of the 19,556,819Warrants outstanding, 13,636,365 are held by insiders of the Company.All other terms of the Warrants, including the exercise price, willremain unchanged.
About GCAC
GCAC is a global leader in designing and developing innovativeblockchain technologies and machine learning solutions to improvereal-world businesses. GCAC's leading solution is Efixii, an EthereumLayer 2 blockchain and EVM programming functionality that is on parwith other Layer- 2’s, such as Polygon. GCAC can quickly connecteach participant from product producers, distributors, manufacturersand retailers through a series of value chain dApps that allows fordata connectivity to drive better consumer experiences and sales. GCACcreated clearESG to assist businesses in communicating theirsustainability goals and earned attributes on the blockchain through aseries of ESG (Environmental, Social & Governance) merit badges.As an interconnected supply chain solution, the Efixii solution paystokens for attesting to a product’s value, or truthness, through areward program. GCAC works in many agricultural industries providing avalue-added blockchain offering through a cost-effective SaaSlicensing model.
For more Company information, please visit www.gcac.tech or review itsprofiles on sedarplus.ca and on the Canadian Securities Exchange’swebsite www.thecse.com.
Press Contact
Phone: +1 (800) 409-5679
Email: info@cannappscorp.com
Forward-Looking Information
The Canadian Securities Exchange hasneither approved nor disapproved the contents of this news release.
The securities of the Companyreferred to in this news release have not been and will not beregistered under the United States Securities Act of 1933, as amended(the “ U.S. Securities Act ” ), or any statesecurities laws. Accordingly, the securities of the Company may not beoffered or sold within the United States unless registered under theU.S. Securities Act and applicable state securities laws or pursuantto an exemption from the registration requirements of the U.S.Securities Act and applicable state securities laws. This news releasedoes not constitute an offerto sell or a solicitation of any offer to buy any securities of theCompany in any jurisdiction in which such offer, solicitation or salewould be unlawful.
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