Canadian-listed company Belgravia Hartford Capital raises CAD 10 million in private placement, with all proceeds to be used for Bitcoin purchases
Foresight News reports that Canadian listed company Belgravia Hartford Capital has announced a C$10 million private placement with 100% of reserves allocated to Bitcoin. The company will issue up to 40 million units through a non-brokered private placement, at a price of C$0.25 per unit, for a total value of up to C$10 million.
Each unit consists of one common share of the company and one-half of a common share purchase warrant (each whole warrant, referred to as a "warrant"). Each warrant entitles the holder to purchase one additional common share at an exercise price of C$0.50 per share. The company stated that all proceeds from this offering will be exclusively used to purchase Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Euro drifts toward the bottom of its range as US rate bets climb
Investors reportedly offering Anthropic allocation shares at premiums of up to 5% ahead of its IPO
According to reports, the trading firm JonesTrading is marketing up to $500 million worth of stock shares on behalf of some investors, at a 3% to 5% premium over the IPO issue price. This indicates that investors are already transferring their anticipated IPO allotted shares before the IPO is officially issued.
Crypto prices
More
