BCSC Cease Trade Order

Citation: 2020 BCSECCOM 115

Cease Trade Order

Blok Technologies Inc.

Section 164 of the Securities Act, R.S.B.C. 1996, c. 418

¶ 1 BLOK Technologies Inc. (BLOK) is a reporting issuer in British Columbia.

¶ 2 Financial statements filed under National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) must be prepared in accordance with National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards (NI 52-107).

¶ 3 Sec. 3.2 of NI 52-107 requires financial statements be prepared in accordance with Canadian GAAP applicable to publicly accountable enterprises.

¶ 4 BLOK has filed the interim financial report for the period ended September 30, 2019 (the Interim Financial Report).

¶ 5 BLOK's Interim Financial Report does not comply sec. 3.2 of NI 52-107 with respect to the measurement and disclosure of the investment in VR Eyes Technology Corp.

¶ 6 BLOK has not filed a Form 51-102F4 Business Acquisition Report related to the significant acquisition of VR Eyes Technology Corp. required by Part 8 of NI 51-102 (the required record).

¶ 7 Under 164(1) of the Act, the Executive Director orders that all trading in the securities of BLOK cease until:

1. it files the Interim Financial Report, completed in accordance with the Act and rules;

2. it files the required record, completed in accordance with the Act and rules; and

3. the Executive Director revokes this order.

¶ 8 Despite this order, a beneficial shareholder of BLOK who is not, and was not at the date of this order, an insider or control person of BLOK, may sell securities of BLOK acquired before the date of this order, if:

1. the sale is made through a market outside of Canada, and

2. the sale is made through an investment dealer registered in British Columbia.

¶ 9 April 20, 2020

Allan Lim, CPA, CA
Manager, Corporate Disclosure
Corporate Finance

Original