Codebase Ventures will seek out early investment opportunities where emerging, innovative technology has the potential to upend and usurp traditional institutions.
VANCOUVER, BC, CANADA (February 15, 2019) – 360 Blockchain Inc. ("360" or the "Company") (CSE: CODE – FWB: C5B – OTC: BKLLF) announces its name change to Codebase Ventures Inc. The renamed company broadens its mission to invest in emerging technologies that will deliver high returns to shareholders. The Company’s new website is codebase.ventures.
“Technology is always evolving, which can present challenges, but this means there’s always an early opportunity,” said George Tsafalas, Codebase’s CEO. “As hands-on investors looking for the greatest returns, it made sense to expand our focus beyond blockchain so our team can identify these openings before anyone else.”
Jeff Koyen will assume the role of Chief Strategy Officer at Codebase Ventures Inc. Koyen was formerly Strategic Advisor at 360 Blockchain Inc. and the CEO of 360 Blockchain USA. He will continue to manage the Company’s portfolio companies while also looking at new investments.
“We remain confident that blockchain technology will radically transform how business is conducted, and we expect our current investments to deliver value to our shareholders,” Koyen said. “But if we expect to find the most exciting innovations in tech, we must expand our scope and mission.”
The Company recently closed a CAD $1 million round of financing. This capital is largely allocated to making new investments under the Codebase name.
The company’s current portfolio includes:
The company’s trading symbols remain the same:
Coinciding with this reorganization, operations at SV CryptoLab have been suspended due to the flat cryptocurrency market. If prices recover, operations are expected to resume in a new location where energy costs are lower.
Trading on the CSE is expected to commence under the new name on Monday, February 18, 2019.
About Codebase Ventures Inc.
Codebase Ventures Inc. seeks early-stage investments in sectors that have significant upside. We seek innovators who are establishing tomorrow’s standards. We support those innovators and help take their ideas to market.
For further information, please contact:
George Tsafalas - Ivy Lu
Telephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
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