Graph Blockchain Acquires Babbage Mining Corp.

January 26, 2021

Graph Blockchain Inc. entered into a definitive share exchange agreement to acquire all issued and outstanding securities of Babbage Mining Corp. for an aggregate deemed purchase price of $4.8 million, satisfied by issuing 60 million units of Graph. The acquisition is expected to close on or before February 1, 2021 and is subject to customary closing conditions; Graph also announced a concurrent non-brokered private placement to raise up to $2.0 million.

Buyers
Graph Blockchain Inc.
Targets
Babbage Mining Corp.
Sellers
Shareholders of Babbage Mining Corp.
Industry
IT Services
Location
Canada
Transaction Type
Buyout

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