Canadian venture capital firm NextBlock Global has withdrawn its public listing on the Toronto Stock Exchange after misleading investors by claiming well - known industry experts were part of the advisory board when then knew nothing of the company . The company was seeking to raise CAD100 m ( $ 78 m ) after having already netted CAD20 m in a private offering . CEO Alex Tapscott said the company would refund investors " their capital in full " and have them participate in any profits . He added that NextBlock Global will also seek to " rebuild the trust of those we have disappointed " .
Cryptocurrency venture capital firm NextBlock Global has cancelled its public listing on the Toronto Stock Exchange after misleading investors by claiming well-known industry experts were part of the advisory board when then knew nothing of the project. The company was seeking to raise CAD100m ($78m) after having already netted CAD20m in a private offering. CEO Alex Tapscott said the company would refund investors "their capital in full" and have them participate in any profits. He added that NextBlock Global will also seek to "rebuild the trust of those we have disappointed".