GlobalBlock Files 2021 Audited Financial Statements

London, United Kingdom and Vancouver, British Columbia - GlobalBlock Digital Asset Trading Limited (TSXV: BLOK) (OTC Pink: BLVDF) (FSE: BD4) (the "Company" or "GlobalBlock") announces that the preparation and audit of its annual financial statements, management's discussion and analysis, and related certifications for the fiscal year ended December 31, 2021 (collectively, the "Annual Filings") are now complete, the Annual Filings have been filed and are now available for viewing on the System for Electronic Document Analysis and Retrieval (SEDAR), link https://www.sedar.com/.


Further to the Company’s April 28, 2022 press release, Mr. Amaan Jalwa’s appointment as CFO and Corporate Secretary of the Company is effective as of May 31, 2022.


Rufus Round, CEO of GlobalBlock, said:


“Aggregating and synthesizing disparate data sources from multiple trading counterparties, exchanges and custodial venues in this exciting new asset class is no mean feat and led to the delay in reporting our 2021 annal financials. The lessons learned will streamline our operations and reporting functions and crucially are instrumental in building a unique, scalable multi-layered service offering as a service driven digital asset broker.”

ABOUT THE COMPANY


GlobalBlock Digital Asset Trading Limited is a publicly traded holding company (TSX Venture: BLOK) whose subsidiary, GlobalBlock Europe, UAB (https://www.globalblock.eu), is a European Union based digital asset broker that provides a personalised telephone brokerage service, trading platform and mobile app. Established by an experienced team of financial services professionals, GlobalBlock Europe, UAB acts as a trusted agent serving the digital asset needs of individuals, corporations, institutional financial firms and intermediaries, providing best execution trading and safe custody of digital assets. At this time, clients or customers based in Lithuania and the UK can be onboarded to its digital asset broker and trading services.


For further information please contact the Company at:


Rufus Round, CEO

c/o 65 Curzon Street, London, W1J 8PE, United Kingdom

Tel. +44 20 3307 3795

info@globalblockdigital.com


https://globalblock.eu/ and http://www.globalblockdigital.com/

https://twitter.com/Globalblocknews

https://www.linkedin.com/company/globalblock/


Media Contact

Angus Campbell

Citigate Dewe Rogerson

Angus.Campbell@citigatedewerogerson.com


CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS


Certain information set out in this news release constitutes forward-looking statements or information. Forward looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things: the lifting of the Management Cease Trade Order currently in place; the continued and successful development of the businesses and technologies of each of the Company and its subsidiaries, the ability of the Company and its subsidiaries to obtain the applicable regulatory approvals to continue to conduct its business and other information concerning the intentions, plans, future action and future successes of the Company, and its businesses, technologies and products described herein. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company's most recent management's discussion and analysis, a copy of which is filed on SEDAR at www.sedar.com, and readers are cautioned that the risk factors disclosed therein should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.