DAK Investments Corp. Acquires Shares of Blackline Safety Corp.

EDMONTON, ALBERTA -- (Marketwired) -- 06/24/16 -- DAK Investments Corp. ("DAK") announces that it has acquired 1,143,000 units ("Units") of Blackline Safety Corp. ("Blackline") at a price of $1.75 per Unit pursuant to a non-brokered private placement of Units completed by Blackline on June 22, 2016 (the "Offering"). Each Unit is comprised of one common share in the capital of the Corporation (a "Common Share") and one half of a Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one Common Share on or before February 18, 2018 at an exercise price of $2.00 per Common Share.

The 1,143,000 Common Shares acquired by DAK pursuant to the Offering represents approximately 4.01% of the outstanding Common Shares, on a non-diluted basis, after giving effect to the Offering. If the Warrants acquired pursuant to the Offering are exercised in full, the 571,500 Common Shares issued, together with the initial 1,143,000 Common Shares acquired in connection with the Offering, would total 1,714,500 Common Shares, representing approximately 5.90% of the outstanding Common Shares of Blackline, after giving effect to the Offering (assuming no other Common Shares, other than the Common Shares issuable on exercise of the Warrants owned by DAK, are issued from the date hereof).

As a result of the acquisition of Common Shares and Warrants, DAK, has ownership of 7,673,782 Common Shares (8,245,282 assuming exercise of the Warrants in full) representing 26.94% (28.17% assuming exercise of the Warrants in full) of the outstanding Common Shares, on a non-diluted basis. DAK also beneficially owns and controls an additional 1,304,348 warrants (the "Other Warrants") to purchase Common Shares and 250,000 options ("Options") to purchase Common Shares. If the Warrants, Other Warrants and Options owned or controlled by DAK were exercised in full, DAK would beneficially own and control an aggregate of 9,799,630 Common Shares, representing approximately 32.02% of the then outstanding Common Shares (assuming no other Common Shares, other than the Common Shares issuable on exercise of the Warrants, Other Warrants and Options owned by DAK are issued from the date hereof).

DAK acquired the securities of Blackline referred to herein for investment purposes and may, in the future, increase or decrease its ownership of securities of Blackline, directly or indirectly, from time to time depending upon, among other things, the business and prospects of Blackline and future market conditions.

Except as set forth herein, the issuance of this news release is not an admission that an entity or individual named herein owns or controls any described securities or is a joint actor with another named entity or individual.

Contacts:
DAK Investments Corp.
1702 - 10104 103 Avenue
Edmonton, Alberta T5J 0H8
(780) 990-0505

Source: DAK Investments Corp.

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