Update: Spirit Blockchain Capital Closes Second Tranche of Private Placement

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Spirit Blockchain Capital Inc. is excited to share that it has successfully completed the second tranche of its non-brokered private placement. This funding round marks a significant step for the company, which is dedicated to advancing its influence within the blockchain sector.

In this latest tranche, Spirit Blockchain Capital issued a total of 883,009 units at a price of $0.165 each, resulting in gross proceeds of approximately $145,696.49. Each unit consists of one common share and one-half of a common share purchase warrant. Holders of the warrants may purchase additional common shares at a price of $0.255 within a 24-month period from the issuance date.

The funding received from this offering will be allocated to various strategic initiatives. These include accelerating revenue growth, improving communication with investors, and general corporate operations. It is important to note that all securities issued in the offering will be subject to a statutory hold period lasting four months and one day from the issuance date.

Spirit Blockchain Capital remains dedicated to its partnerships with international investors, who show strong support for the company's vision and strategic direction. Despite potential delays caused by regulatory requirements, both parties are fully committed to concluding the investment process. This collaboration underlines trust in the leadership and long-term viability of Spirit Blockchain Capital.

We prioritize transparency and compliance with regulations, positioning ourselves to create long-term value for shareholders. As we finalize this key investment, Spirit Blockchain Capital reinforces its commitment to innovation in the blockchain and digital asset landscape, contributing to growth and advancement in tokenized finance.

About Spirit Blockchain Capital

Spirit Blockchain Capital is a prominent investment firm in the blockchain industry. Through its operational and asset management services, Spirit Blockchain provides a variety of investment opportunities aimed at capital appreciation. Focused on innovation and strategic investments, the firm is well-placed to explore the potential of the digital economy.

For any media inquiries, please contact:

Lewis Bateman
Chief Executive Officer
[email protected]

Forward-Looking Statements

This release contains forward-looking statements as defined by securities laws. Words like “expect”, “anticipate”, “believe”, “plan”, and similar terms suggest forward-looking information. These statements involve assumptions about future events and conditions, which inherently carry risks. Actual outcomes may differ significantly from those anticipated due to various factors including delays in receiving investments from international sources. A detailed discussion of risks is available in the company's long form prospectus on SEDAR.

Note: The CSE has not reviewed or approved the content of this press release.

blockchain, capital, investment