HyperBlock Inc. (CNSX:HYPR) announced a non-brokered private placement of 140,000,000 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 7,000,000 on December 17, 2018. Each unit will include one common share and one whole common share purchase warrant. Each warrant has a term of 24 months and is exercisable at a price of CAD 0.15 per warrant. The transaction is subject to stock exchange approval. The transaction will include participation from Sean Walsh; Chief Executive Officer of the company for a minimum of CAD 2,010,000.