Jan 3 (Reuters) - Block One Capital Inc BLOK.V :
* . ENTERS INTO DEFINITIVE AGREEMENT TO ACQUIRE 90% OF TG12 VENTURES INC.
* UNDER TERMS OF DEFINITIVE AGREEMENT COMPANY HAS FUNDED TG12 FOR US$2.9 MILLION
* MAY PROVIDE ADDITIONAL FUNDING AS NEEDED BASED ON CERTAIN MILESTONES OVER NEXT TWELVE MONTHS
* ENTERED INTO A DEFINITIVE AGREEMENT WITH TG12 VENTURES INC TO ACQUIRE UP TO 90%.