Vancouver, Jan. 16, 2025 (GLOBE NEWSWIRE) — Spirit Blockchain Capital (SBC or Company) (CSE: SPIR), is pleased to announce the successful closing of the second tranche of its previously announced non-brokered private placement ( Offer).
Within this second tranche, SBC issued 883,009 units (units) at a price of $0.165 per unit, raising gross revenue of $145,696.49. Each unit consists of one SBC common share (a Sharing together) and half of one ordinary share purchase order (a Order). Each full Warrant entitles the holder to acquire an additional common share at an exercise price of $0.255 for a period of 24 months from the date of issuance.
The net proceeds from this Offering will be strategically deployed to accelerate revenue growth opportunities, enhance investor relations and support general corporate operations. All securities issued under the Offer are subject to a statutory holding period of four months and one day from the date of issue.
Spirit Blockchain Capital continues to work closely with our key international investors, reflecting their strong confidence in our vision and strategy. While the investment process faces delays due to regulatory frameworks and settlement requirements, both parties remain fully committed to finalizing the transaction. This strategic partnership underscores the confidence in the leadership and long-term potential of Spirit Blockchain Capital.
Our commitment to transparency and regulatory compliance ensures that we are well positioned to deliver sustainable shareholder value. As we complete this significant investment, Spirit Blockchain Capital continues to strengthen its role as a trusted innovator in the blockchain and digital asset space, driving growth and innovation in tokenized finance.
About Spirit Blockchain Capital
Spirit Blockchain Capital is a leading investment firm at the forefront of the blockchain industry. Through our operational business line and asset management business, we provide investors with a number of opportunities to increase capital value. With a strong focus on innovation, strategic investment and operational excellence, Spirit Blockchain is poised to unlock the potential of the digital economy.
For media inquiries, please contact:
Lewis (JO:) Bateman
Chief Executive Officer
info@spiritblockchain.com
Forward-looking statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words expect, anticipate, continue, estimate, target, may, will, project, should, believe, plan, intends and similar expressions are intended to identify forward-looking information or statements. Forward-looking statements in this press release include the Company’s expectations of additional investments by international subscribers and the timeline for the completion of those investments, the Company’s proposed use of proceeds from the Offering and the Company’s business plans. Forward-looking statements and information are based on certain key expectations and assumptions of the Company. Although the Company believes that the expectations and assumptions underlying such forward-looking statements and information are reasonable, undue reliance should not be placed on forward-looking statements and information because the Company cannot guarantee that they will prove to be correct. Because forward-looking statements and information relate to future events and conditions, by their nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, the risk that the Company may not receive additional subscriptions from international subscribers on time or at all, and that even if such subscriptions are received, they may not be in expected quantities. Factors that could materially affect such forward-looking information are described under the heading Risk Factors in the Company’s long-form prospectus dated August 8, 2022, which is available on the Company’s profile on SEDAR at www.sedar.com. The Company undertakes no obligation to update any forward-looking information, except as required by applicable law. Such forward-looking information represents management’s best judgment based on currently available information. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
CSE has not reviewed, approved or rejected the content of this press release.
Source: Spirit Blockchain Capital Inc.
