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BLOCKCHAINK2 CORP.
March 21, 2024
TSX.V Symbol: BITK
BLOCKCHAINK2 ANNOUNCES PROPOSED PRIVATE PLACEMENT OFFERING
Vancouver, BC/ March 21, 2024 BlockchainK2 Corp. (TSX-V: BITK) (OTCQB: BIDCF) (FSE: KRL2) (the "Company") announces that the Company plans to offer, on a private placement basis, up to 1,886,793 units (each a "Unit") at a price $0.265 (USD$0.195) per Unit for total proceeds of up to $500,000 (the "Offering"). Each Unit is comprised of one common share in the capital of the Company and one half of one whole common share purchase warrant of the Company. Each whole warrant is exercisable at a price of $0.40 (USD$0.30) per share for a two year period from the date of issuance.
All securities issued in connection with the Offering will be subject to a four-month statutory hold period. The Company may pay a finder's fee may in cash and or share purchase warrants in accordance with the rules of the TSX Venture Exchange.
The proceeds of the Offering will be used for general working capital purposes.
Closing of the proposed Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the TSX Venture Exchange.
BlockchainK2 Corp.
Sergei Stetsenko
CEO
Phone: +971502806737
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSX-V. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedar.com.
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