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Blockchain Venture Capital Inc. announced that it expects to receive CAD 0.711 million in funding

Writer's picture: BVC PayBVC Pay

November 16, 2023


Blockchain Venture Capital Inc announced a non-brokered private placement of up to 1,422,000 units at a price of CAD 0.50 per Unit for aggregate gross proceeds of up to CAD 711,000 on November 17, 2023. Each Unit is comprised of one Common Share and one half non-transferable Share purchase warrant, with two half warrants entitling the holder to purchase one additional Share at a price of CAD 0.75 for a period of 24 months from the date of closing of the Offering. All securities issued under the Private Placement will be subject to a hold period expiring four months and one day from the date of issuance.


Unless and until BVCI the necessary regulatory approvals or unless it can rely on an exemption from the prospectus and registration requirements in furtherance of the issuance and trading of CADT, there is no assurance BVCI will be able to pursue its proposed CADT business or any related BvcPay business that relies on CADT.


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