Spirit Blockchain Capital Completes Second Tranche of Private Placement

Not for distribution in the United States

Spirit Blockchain Capital Inc. is excited to announce the completion of the second tranche of its non-brokered private placement. This step follows the previously disclosed Offering.

Details of the Offering

As part of this second tranche, Spirit Blockchain Capital has successfully issued 883,009 units at a price of $0.165 per unit, bringing in total gross proceeds of $145,696.49. Each unit includes one common share of the company and half of a common share purchase warrant. A full warrant permits the holder to purchase an additional common share at an exercise price of $0.255 within a 24-month period from issuance.

Use of Proceeds

The net proceeds from this Offering are intended to be utilized for various strategic efforts including revenue expansion, strengthening investor relations, and supporting general corporate activities. All securities distributed through this Offering are subject to a mandatory hold period of four months and one day post-issuance.

Partnership and Collaboration

Spirit Blockchain Capital is actively engaging with key global investors, which highlights their strong belief in the company's vision and strategies. Although there might be some delays in the investment process due to regulatory issues and settlement concerns, both parties are keen on completing the transactions. This ongoing partnership signals the confidence placed in the leadership and long-term prospects of Spirit Blockchain Capital.

Company Overview

Spirit Blockchain Capital is a prominent player in the blockchain investment sector. Their operational and asset management business lines offer investors a range of capital appreciation opportunities. With a commitment to innovation, strategic investments, and operational excellence, the company is well-positioned to take full advantage of the emerging digital economy.

Media Inquiries

For further media inquiries, please reach out to Lewis Bateman at [email protected].

Forward-Looking Statements

This announcement includes forward-looking statements that involve expectations and assumptions concerning future events. The use of terms like “expect,” “anticipate,” and “may” indicates such statements. These can include expected investments and the planned use of proceeds. It is crucial to understand that actual results may differ due to various risks and uncertainties, as described in the Company’s prospectus.

Regulatory Note

The Canadian Securities Exchange (CSE) has not evaluated, approved, or disapproved the content of this announcement.

capital, investment, blockchain