Blox, Inc. Extends Closing Date of Proposed Transaction and Corrects Third Party News Release
10 Febbraio 2014 - 3:01PM
Marketwired
Blox, Inc. Extends Closing Date of Proposed Transaction and
Corrects Third Party News Release
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 10, 2014) -
Blox, Inc. (OTCQB:BLXX) ("Blox" or the "Company") is pleased to
announce that pursuant to the Amalgamation Agreement with
International Eco Endeavors Corp. ("Eco Endeavors") announced on
June 24, 2013, the Company has entered into an amending agreement
to extend the closing date of the proposed transaction to March 31,
2014.
"We are pleased with our recent progress towards the closing of
the Eco Endeavors acquisition and view the proposed merger as a
significant step from which Blox can build a solid foundation as a
green mining company," said Ronald Renne, the Company's President
and CEO.
Additionally, the Company notes it was recently mentioned in a
news release by Mediterranean Resources Ltd. ("Mediterranean")
regarding a proposed merger between the Company and Mediterranean.
The Company wishes to confirm it has not had any discussions with
Mediterranean regarding a proposed merger or investment therein.
Further, Robert Abenante is not a current board member, officer, or
shareholder of Blox. Robert Abenante is a current director and
officer of Eco Endeavors, and the closing of the Amalgamation
Agreement with Eco Endeavors is conditional upon Mr. Abenante being
appointed as a director and officer of Blox on such closing
date.
"I have not spoken to anyone from Mediterranean about a proposed
merger or deal of any kind," said Mr. Renne. "Blox is currently
focused on closing the two previously announced acquisitions and
are very pleased with their progress."
FORWARD-LOOKING STATEMENTS
Statements contained herein that are not historical facts
may be forward-looking statements within the meaning of the
Securities Act of 1933, as amended. Forward-looking statements
include statements regarding the intent, belief or current
expectations of the Company and its management including progress
towards the closing of the Eco Endeavors acquisition and the view
that the merger is a significant step from which Blox can build a
solid foundation as a green mining company. Such statements are
estimates only and reflect management's current views which are
based on certain assumptions and involve risks and uncertainties.
Actual results, events, or performance may differ materially from
the above forward-looking statements due to a number of important
factors, and will be dependent upon a variety of factors,
including, but not limited to the Company's ability to obtain
additional financing and the ability to close the acquisition of
Eco Endeavors. Except as required by law, the Company undertakes no
obligation to publicly update these forward-looking statements to
reflect events or circumstances that occur after the date hereof or
to reflect any change in the Company's expectations with regard to
these forward-looking statements or the occurrence of unanticipated
events. Factors that may impact the Company's success are more
fully disclosed in the Company's most recent public filings with
the U.S. Securities and Exchange Commission.
Ronald RennePresident & CEO604-688-3899
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