Cayenne Capital Corp. announced that it has entered into a definitive amalgamation agreement dated May 7, 2018 with BlockTech Ventures Inc. Pursuant to the Definitive Agreement, BlockTech will amalgamate with a newly established subsidiary of the Company, and the resulting entity will become a wholly-owned subsidiary of the Company. The parties also anticipate that in conjunction with and upon closing of the Transaction, the board of directors of the Company will be reconstituted to consist of four directors to be nominated by BlockTech.

It is also anticipated the company's management will be reconstituted such that Dean Sutton will be appointed as Chief Executive Officer, William McGraw as President and Chief Operating Officer and Bal Bhullar as Chief Financial Officer.