15:14:48 EDT Sat 22 Jun 2024
Enter Symbol
or Name

Login ID:
BlockchainK2 Corp
Symbol BITK
Shares Issued 28,210,851
Close 2024-05-21 C$ 0.295
Market Cap C$ 8,322,201
Recent Sedar Documents

BlockchainK2 to issue 1.7 million shares for debt

2024-05-21 17:07 ET - News Release

Mr. Sergei Stetsenko reports


BlockchainK2 Corp. is proposing to settle outstanding indebtedness totalling $511,071.47 through the issuance of 1,703,571 common shares at a price of 30 cents per share.

A portion of the above-described transaction constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transaction, as 1,703,571 debt settlement shares are being issued to related parties of the company. The company is relying on exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the debt settlement shares does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

Closing of the debt settlement is subject to the approval of the TSX Venture Exchange.

We seek Safe Harbor.

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