Blox, Inc.

OTCQB : BLXX


February 10, 2014 09:01 ET

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.

Contact Information

  • Ronald Renne
    President & CEO
    604-688-3899