Financing Type:
non-brokered private placement
Gross cash proceeds: $6,618,459.82
Offering:
64,886,861 units with 64,886,861 warrants attached
Offering price: 10.2 cents per unit
Warrant exercise terms: 18.75 cents per listed share for a two-year period
The TSX Venture Exchange has also accepted for filing documentation the letter agreements and subscription agreements between the company and a group of arm's-length parties (investors). Pursuant to the terms of agreements, the company has acquired a 37.31 bitcoin from the investors having an approximate value of $5,873,621.11 based on a price of $157,427.53 per bitcoin as of the date of closing. As payment for the acquisition of bitcoin, the company has issued an aggregate of 57,584,519 units to the investors at a deemed price of 10.2 cents per unit.
For further information, please refer to the company's news releases dated Sept. 29, 2025, Oct. 31, 2025, and Jan. 1, 2026.
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