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BlockchainK2 Corp
Symbol BITK
Shares Issued 30,232,578
Close 2025-04-02 C$ 0.075
Market Cap C$ 2,267,443
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BlockchainK2 shares to be reinstated for trading

2025-08-06 20:36 ET - News Release

Mr. Sergei Stetsenko reports

BLOCKCHAINK2 ANNOUNCES TRADING REINSTATEMENT

BlockchainK2 Corp.'s common shares will be reinstated for trading on the TSX Venture Exchange. The company was delayed in filing its annual audited financial statements for the fiscal year ended Sept. 30, 2024, which were due on Jan. 30, 2025, and its interim financial statements for the period ended Dec. 31, 2024. As a result, the BCSC Securities Commission issued a cease trade order on April 2, 2025. The annual audited financial statements, interim financial statements, accompanying management's discussion and analyses, and officer certifications were completed shortly thereafter, and the CTO was revoked on May 14, 2025. The company then entered the TSX Venture Exchange's standard reinstatement review process.

Marketing arrangements

The company also announces it engaged Orsus Consult GmbH to provide on-line marketing, advertising and analyst coverage for the company for a term of six months that commenced April 1, 2024, at price of 55,000 euros, which was paid up front. The contract was not renewed and has expired. Neither Orsus nor its principal Sascha Opel received any securities in connection with the services provided. Orsus and Mr. Opel are arm's length to the company.

Working capital deficiency

The company's March 31, 2025, interim financial statements reflect a working capital deficiency of $1,222,197. The largest components of this deficiency is $1,236,453 of accounts payable and accrued liabilities and short-term loans payable of $177,978. Following the reinstatement of the company's common shares for trading, the company plans to complete a private placement of common shares to improve its working capital deficiency.

We seek Safe Harbor.

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