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Green Block Mining Corp. — Capital/Financing Update 2021
Aug 4, 2021
47735_rns_2021-08-03_741745db-9f3a-4eac-8c25-e6773801f7bd.pdf
Capital/Financing Update
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51-102F3 MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Link Global Technologies Inc. (the “ Company ”) Suite 1430, 800 West Pender Street Vancouver, BC, V6C 2V6
Item 2 Date of Material Change
August 3, 2021
Item 3 News Release
The news release dated August 3, 2021 was disseminated via Accesswire.
Item 4 Summary of Material Change
On August 3, 2021, the Company announced the signing of a definitive agreement with Alumina Partners (Ontario) Ltd. (“ Alumina ”) for a commitment to purchase up to $18,000,000 of common stock of the Company (the “ Facility ”), in a series of private placements offerings (the “ Offerings ”).
Under the proposed terms of the Facility, the Company, at its discretion, may elect to drawdown in $1,000,000 increments of the Facility as a new Offering. The terms of each Offering will be determined subject to market conditions at the time of the drawdown. There are no penalties for not drawing on the Facility and no upfront fees or interest associated with the use of this Facility.
The Facility’s sole purpose is to allow the Company to continue its growth strategy with complete financial flexibility and freedom. At the discretion of the Company, the Facility enables the accessing of funds when necessary to meet capital infrastructure demands while protecting shareholder value.
Item 5 Full Description of Material Change
- 5.1 Full Description of Material Change
The material change is fully described in Item 4 above and in the news release which has been filed on SEDAR.
5.1 Disclosure for Restructuring Transactions
N/A
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
N/A
Item 7 Omitted Information
None
Item 8 Executive Officer
Stephen Jenkins, Chief Executive Officer Telephone: 1-877-770-6545
Item 9 Date of Report
August 3, 2021