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Neptune Digital Assets Corp
Symbol NDA
Shares Issued 127,247,596
Close 2024-10-30 C$ 0.94
Market Cap C$ 119,612,740
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Neptune considers up to $25M (U.S.) in facilities

2024-10-31 14:40 ET - News Release

Mr. Cale Moodie reports

NEPTUNE EXPLORES CREDIT FACILITIES UP TO $25M USD TO MAXIMIZE SHAREHOLDER VALUE, EMBRACES MICROSTRATEGY PLAYBOOK

Neptune Digital Assets Corp. has commenced a process to explore, review and evaluate credit facilities to acquire additional bitcoin and other cryptocurrency-related assets, including establishing a strategic credit and trade relationship with a Swiss banking institution specializing in services for crypto-native companies.

In any credit financing transaction Neptune would seek to retain flexibility, with no minimum balance requirement and the ability to draw funds as needed, positioning it to quickly seize high-value opportunities in a rapidly evolving market without any dilution to shareholders.

"We share MicroStrategy's vision for the potential of digital assets and believe now is the right time to expand our holdings in bitcoin, solana and other key assets to further strengthen our income and balance sheet," commented Cale Moodie, Neptune's chief executive officer. "With the global digital asset market continuing to mature and institutional interest on the rise, Neptune is positioned to capture value from these trends. Our conservative risk management principles and disciplined approach to capital management, combined with this flexible, low-cost credit facility, allow us to scale our exposure in the digital asset market while protecting shareholder investments. This credit facility has a very low capital cost without any shareholder dilution. We're committed to maintaining a robust capital structure as we capture new growth avenues and continue to build on Neptune's foundation as a leader in blockchain and digital assets."

The company cautions that there are no assurances that the evaluation of potential credit facility options to maximize shareholder value will result in the approval or completion of any specific transaction or outcome. The company does not intend to comment further unless and until a specific transaction or credit relationship is finalized.

About Neptune Digital Assets Corp.

Neptune Digital Assets is one of the first publicly traded blockchain companies in Canada and is at the forefront of the cryptocurrency and blockchain landscape. Neptune engages in operations across the digital asset ecosystem including bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi) and other associated cutting-edge technology.

We seek Safe Harbor.

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