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BlockchainK2 Corp
Symbol BITK
Shares Issued 21,326,414
Close 2024-02-05 C$ 0.175
Market Cap C$ 3,732,122
Recent Sedar Documents

BlockchainK2 closes $525,000 private placement

2024-02-06 16:12 ET - News Release

Mr. Sergei Stetsenko reports

BLOCKCHAINK2 ANNOUNCES CLOSING OF PRIVATE PLACEMENT OFFERING

BlockchainK2 Corp. has closed its non-brokered private placement offering of five million common shares of the company at a price of 10.5 cents per common share for aggregate gross proceeds of $525,000.

Insiders participated purchasing 1,809,523 shares. The insider participation is exempt from the formal valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 by virtue of the exemption contained in Section 5.5(b) as the company's shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(a) of MI 61-101 in that the fair market value of the consideration of the securities issued to the related parties did not exceed 25 per cent of the company's market capitalization.

All common shares issued pursuant to the offering are subject to a four-month statutory hold period. The net proceeds of the offering will be used for general working capital purposes.

We seek Safe Harbor.

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