BlockchainK2 Closes Debt Settlement

Core Viewpoint - BlockchainK2 Corp. has successfully closed a debt settlement, resolving outstanding indebtedness of $232,098.37 through the issuance of 4,219,970 common shares at a price of $0.055 per share [1] Group 1: Debt Settlement Details - The debt settlement involved settling a total of $317,098.37 of outstanding indebtedness through the issuance of 5,765,425 common shares [1] - A portion of the transaction is classified as a "related party transaction," with 1,646,469 Debt Settlement Shares issued to related parties [2] - The company is relying on exemptions from certain requirements of Multilateral Instrument 61-101, as the fair market value of the Debt Settlement Shares does not exceed 25% of the company's market capitalization [2] Group 2: Shareholder Information - Sergei Stetsenko acquired 1,646,469 shares for $90,555.77 as part of the debt settlement [4] - Prior to the debt settlement, Stetsenko owned or controlled 4,941,228 shares, representing approximately 16.3% of the issued shares on a non-diluted basis [5] - After the debt settlement, Stetsenko's ownership increased to 6,587,697 shares, representing approximately 19.1% of the issued shares on a non-diluted basis [6] Group 3: Future Intentions - Stetsenko holds the securities for investment purposes and may acquire additional securities or sell them depending on market conditions and other relevant factors [7] - An early warning report regarding Stetsenko's holdings will be available on the company's profile on SEDAR+ [8]