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Blockchain Venture Capital Inc. Announces Closing of 2025 Fundraising
TMX Newsfile· 2025-12-23 23:07
Group 1 - Blockchain Venture Capital Inc. has completed its non-brokered private placement, raising a total of C$470,000 from arm's-length investors [2][8] - The company issued 1,566,667 common shares at a price of C$0.30 per share and 1,566,667 common share purchase warrants, each exercisable at C$0.35 per share [8] - The net proceeds from the private placement will be utilized for general working capital and repayment of prior accounts payable, including accrued interest on outstanding loans [2] Group 2 - The company has settled certain outstanding consulting fees through the issuance of common shares, including C$50,000 in fees settled with ZTBY Consulting and Advisory Ltd. through 333,333 common shares at a deemed price of C$0.15 per share [8] - Additionally, Ms. Wenhong Fan's outstanding consulting services were settled through the issuance of 20,000 common shares at a deemed price of C$0.15 per share [8] - All securities issued are subject to applicable statutory hold periods and Canadian Securities Exchange acceptance [3] Group 3 - Blockchain Venture Capital Inc. is registered as a Money Services Business (MSB) with FINTRAC and provides blockchain-based financial infrastructure [4] - The company is developing CADT, a Canadian dollar-backed stablecoin intended for payments, settlements, digital-asset issuance, and ledger services, pending necessary regulatory approvals [4] - Other services offered by the company include BVC Chain, a proprietary blockchain platform, BvcPay, a mobile wallet for digital transactions, and Trillium Coin, a bitcoin OTC trading service [8]