VANCOUVER, British Columbia, Aug. 27, 2021 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. (the “Company” or “Spirit”), a private BC company, is pleased to announce that it has filed a preliminary long form prospectus (the “Preliminary Prospectus”) with the securities regulatory authorities in the provinces of British Columbia and Ontario.
The Preliminary Prospectus qualifies the distribution of 347,000 common shares of the Company issuable upon the deemed exercise of 347,000 special warrants of the Company (the “Special Warrants”). The Special Warrants were issued on May 6, 2021 at a price of $0.05 per Special Warrant for gross proceeds of $17,350. Subject to the terms and restrictions contained in the certificates representing the Special Warrants, each Special Warrant entitles the holder to acquire, without payment of any consideration, one common share in the capital of the Company (each, a “Common Share”).
The Company will also apply to list the Common Shares (the “Listing”) on the Canadian Securities Exchange (the “CSE”). Listing will be subject to the Company fulfilling all of the listing requirements and conditions of the CSE, including prescribed distribution and financial requirements. There can be no assurance that the Company will successfully achieve a listing as planned.
The Preliminary Prospectus contains important information relating to the Company and is subject to completion and / or amendment.
About Spirit Blockchain Capital Inc.
Spirit is a Canadian Swiss group operating specifically in the Blockchain and Digital Asset sectors with the primary goal of creating value in a rapidly growing environment through recurring cash flows and capital appreciation.
Spirit provides investors with direct exposure to the sector, without the technical complexity or constraints of purchasing the underlying crypto assets. Spirit’s strategy is based upon management’s conviction that the Blockchain and Digital Asset ecosystem will register significant growth and outperform traditional asset classes over the medium to long-term.
The Company’s strategy focuses on three complimentary economic units:
- Royalties & Streams by providing capital to blockchain ecosystem participants, where repayment of the notional and interest takes place in the form of crypto assets.
- Advisory & Research Services for Institutional and private Investors to a global blockchain and digital assets investment product.
- Treasury management through investment in major crypto assets with cold storage in Switzerland.
ON BEHALF OF THE BOARD OF DIRECTORS:
Director and CEO
For further information, please contact:
Erich Perroulaz, Director & CEO