GlobalBlock Announces Termination of Proposed Reverse Takeover (RTO); Management Transition
GlobalBlock Digital Asset Trading has announced the termination of its planned reverse takeover (RTO) transaction with RTC Merchants. The decision came after challenges in completing required financing due to turbulent market conditions.
In a significant management change, Rupert Williams is stepping down as CEO and director, with Angus Campbell appointed as the new Chief Executive Officer and director effective immediately. Campbell, who will lead the company's pursuit of new strategic transactions, brings extensive experience from London's financial sector, including roles in hedge funds, retail broking, and PR communications.
Campbell's background includes founding Nominis Advisory, a boutique PR firm, and serving as Director of TSX Venture Exchange listed Prestwick Capital Corporation. The company is now actively evaluating other acquisition opportunities to establish a new operating business.
GlobalBlock Digital Asset Trading ha annunciato la cancellazione della prevista operazione di reverse takeover (RTO) con RTC Merchants. La decisione è stata presa a seguito delle difficoltà nel completare il finanziamento necessario a causa delle condizioni di mercato turbolente.
In un importante cambiamento dirigenziale, Rupert Williams si dimette da CEO e direttore, mentre Angus Campbell è stato nominato nuovo Amministratore Delegato e direttore con effetto immediato. Campbell, che guiderà la ricerca di nuove operazioni strategiche per l'azienda, porta con sé una vasta esperienza nel settore finanziario londinese, con ruoli in hedge fund, brokeraggio retail e comunicazioni PR.
Il percorso professionale di Campbell include la fondazione di Nominis Advisory, una boutique di PR, e la carica di Direttore presso Prestwick Capital Corporation, quotata alla TSX Venture Exchange. L'azienda sta ora valutando attivamente altre opportunità di acquisizione per costituire una nuova attività operativa.
GlobalBlock Digital Asset Trading ha anunciado la cancelación de su planeada operación de reverse takeover (RTO) con RTC Merchants. La decisión se tomó tras enfrentar dificultades para completar el financiamiento requerido debido a las condiciones turbulentas del mercado.
En un cambio significativo en la dirección, Rupert Williams renuncia a su cargo como CEO y director, y Angus Campbell ha sido nombrado nuevo Director Ejecutivo y director con efecto inmediato. Campbell, quien liderará la búsqueda de nuevas transacciones estratégicas para la empresa, aporta una amplia experiencia del sector financiero de Londres, incluyendo roles en fondos de cobertura, corretaje minorista y comunicaciones de relaciones públicas.
El historial de Campbell incluye la fundación de Nominis Advisory, una firma boutique de relaciones públicas, y su cargo como Director en Prestwick Capital Corporation, que cotiza en la TSX Venture Exchange. La empresa está evaluando activamente otras oportunidades de adquisición para establecer un nuevo negocio operativo.
GlobalBlock 디지털 자산 거래는 RTC Merchants와 계획했던 역인수(RTO) 거래를 종료한다고 발표했습니다. 이는 불안정한 시장 상황으로 인해 필요한 자금 조달을 완료하는 데 어려움을 겪은 결과입니다.
중대한 경영진 변화로 루퍼트 윌리엄스가 CEO이자 이사직에서 물러나고, 앵거스 캠벨이 즉시 효력을 발휘하는 새로운 최고경영자(CEO) 및 이사로 임명되었습니다. 캠벨은 회사의 새로운 전략적 거래 추진을 이끌며, 런던 금융권에서 헤지펀드, 소매 중개, PR 커뮤니케이션 등 다양한 경험을 갖추고 있습니다.
캠벨은 PR 부티크 회사인 Nominis Advisory를 설립했으며, TSX 벤처 거래소 상장사인 Prestwick Capital Corporation의 이사로도 활동한 경력이 있습니다. 회사는 현재 새로운 운영 사업을 구축하기 위해 다른 인수 기회를 적극적으로 검토하고 있습니다.
GlobalBlock Digital Asset Trading a annoncé l'annulation de sa transaction de prise de contrôle inversée (RTO) prévue avec RTC Merchants. Cette décision fait suite à des difficultés rencontrées pour finaliser le financement nécessaire en raison de conditions de marché instables.
Dans un changement important de direction, Rupert Williams démissionne de son poste de PDG et de directeur, tandis que Angus Campbell est nommé nouveau Directeur Général et directeur avec effet immédiat. Campbell, qui conduira la recherche de nouvelles transactions stratégiques pour la société, apporte une vaste expérience du secteur financier londonien, incluant des rôles dans des fonds spéculatifs, le courtage de détail et les communications en relations publiques.
Le parcours de Campbell comprend la fondation de Nominis Advisory, une société de relations publiques boutique, ainsi que son mandat de directeur chez Prestwick Capital Corporation, cotée à la TSX Venture Exchange. La société évalue désormais activement d'autres opportunités d'acquisition afin d'établir une nouvelle activité opérationnelle.
GlobalBlock Digital Asset Trading hat die geplante Reverse-Takeover-Transaktion (RTO) mit RTC Merchants abgesagt. Die Entscheidung erfolgte aufgrund von Schwierigkeiten bei der Finanzierung, bedingt durch turbulente Marktbedingungen.
In einer bedeutenden Managementänderung tritt Rupert Williams als CEO und Direktor zurück, während Angus Campbell mit sofortiger Wirkung zum neuen Chief Executive Officer und Direktor ernannt wurde. Campbell wird die Suche nach neuen strategischen Transaktionen des Unternehmens leiten und bringt umfangreiche Erfahrungen aus dem Finanzsektor Londons mit, darunter Tätigkeiten in Hedgefonds, Retail-Brokerage und PR-Kommunikation.
Campbells Hintergrund umfasst die Gründung von Nominis Advisory, einer Boutique-PR-Firma, sowie seine Tätigkeit als Direktor der an der TSX Venture Exchange gelisteten Prestwick Capital Corporation. Das Unternehmen prüft nun aktiv weitere Akquisitionsmöglichkeiten, um ein neues operatives Geschäft aufzubauen.
- New CEO Angus Campbell brings extensive financial markets and PR experience
- Company actively pursuing new strategic acquisition opportunities
- Failed reverse takeover transaction with RTC Merchants due to financing challenges
- CEO Rupert Williams stepping down from role and board position
- Turbulent market conditions affecting company's ability to raise required financing
- Company currently lacks operating business
Calgary, Alberta--(Newsfile Corp. - April 28, 2025) - GlobalBlock Digital Asset Trading Limited (TSXV: BLOK.H) (OTC Pink: BLVDF) (FSE: BD4) (the "Company") announces termination of its previously announced reverse takeover transaction (the "Transaction") with RTC Merchants Ltd. The Transaction contemplated a concurrent financing and raising the target sum was crucial to the Transaction succeeding. Unfortunately, turbulent market conditions have made completion of that financing challenging at this time and it has not been possible to execute a definitive agreement within the deadline, even following an extension, and the Transaction has been terminated.
The Corporation is now evaluating other acquisition opportunities with a view to acquiring or combining with a new business.
In addition, the Company announces that Mr. Rupert Williams is stepping down from his role as Chief Executive Officer of the Company and as a director, as he shifts his focus toward the other companies and ventures he is actively involved with. Effective immediately, Mr. Angus Campbell has been appointed Chief Executive Officer of the Company and as a director of the Company, and will lead the Company as it pursues a strategic transaction that will result in the Company having an operating business.
The Board thanks Mr. Williams for his contributions to the Company during his tenure and is grateful that he will remain available to the Company in an advisory capacity as needed as it seeks to complete a strategic transaction.
Mr. Campbell commenced his career in a London based hedge fund before moving into retail broking where he led a sales desk at one of London's leading retail financial services providers. He progressed to becoming a recognised market analyst appearing regularly on Bloomberg, CNBC and Sky News before moving into PR and communications. In 2018, he established the boutique PR firm Nominis Advisory, serving both private and publicly listed companies across a broad range of sectors including financial services, technology and natural resources, including firms listed in both Canada and the UK.
He has previously served as a Director of TSX Venture Exchange listed Prestwick Capital Corporation, which is now called Legacy Gold Mines Ltd (LEGY:TSXV), following completion of its Qualifying Transaction to become a gold exploration and development company.
Mr. Campbell graduated from the University of Exeter with a BA Hons in Business and Accounting with European Study in 2001.
For further information, please contact:
GlobalBlock Digital Asset Trading Limited
Angus Campbell, CEO
Telephone: +44 7881 625098
Email: ajmcampbell@gmail.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 ability of the Company to successfully identify and complete the acquisition of or combination with a new business. 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, 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.sedarplus.ca, 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250064
FAQ
Why did GlobalBlock (BLVDF) terminate its reverse takeover transaction with RTC Merchants?
Who replaced Rupert Williams as CEO of GlobalBlock (BLVDF) in April 2025?
What is GlobalBlock's (BLVDF) strategy after the failed RTO transaction?
What experience does new GlobalBlock (BLVDF) CEO Angus Campbell bring to the company?
What are the trading symbols for GlobalBlock's stock?
