Mr. Timothy Burgess reports
TOKENWELL PLATFORMS ANNOUNCES CONVERTIBLE DEBENTURE FINANCING
Tokenwell Platforms Inc. has arranged a non-brokered private placement of unsecured convertible debentures for proceeds of up to $350,000.
The debentures will bear interest at a rate of 8.00 per cent per annum, calculated monthly and accrued, and are repayable in cash on the date that is 12 months from the issue date, or may, at any time on or before the maturity date, be converted into common shares of the company at the option of the debentureholder, based on a five-day volume-weighted average price (VWAP) as of the conversion date and subject to a minimum price of five cents.
The company intends to use the net proceeds from the offering for general working capital purposes.
The offering has been approved by the board of directors of the company and is expected to close on or before June 30, 2026, or such other date as the company may determine, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals.
In connection with the closing of the offering, the company may pay finders' fees to eligible parties who have assisted in introducing subscribers to the offering. Completion of the offering remains subject to regulatory approval. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable securities laws.
About Tokenwell Platforms Inc.
Tokenwell is a publicly listed cutting-edge cryptocurrency platform dedicated to making digital assets accessible, secure and efficient for users worldwide. With a focus on innovation and user-centric design, Tokenwell empowers individuals and businesses to engage with the crypto economy confidently.
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