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Spirit Blockchain Capital Updates on Non-Brokered Private Placement Progress
Spirit Blockchain Capital’s Fundraising Update
Spirit Blockchain Capital Inc. Provides Insights on Ongoing Private Placement
Spirit Blockchain Capital Inc. shared a progress update on its non-brokered private placement initiative, which was initially announced in September 2024. The company aims to raise up to $2,500,000 through this Offering, consisting of both Units and convertible promissory Notes. With a price of $0.05 per Unit, the Offering is expected to reach its full commitment within five business days.
Utilization of Proceeds
Spirit Blockchain Capital Reveals Plans for Raised Funds
Upon completion of the Offering, Spirit intends to allocate the net proceeds towards general and administrative expenses, as well as the settlement of accounts payable. The securities issued as part of the Offering will be subject to a standard hold period of four months and one day.
About Spirit Blockchain Capital
Overview of Spirit Blockchain Capital’s Role in the Industry
Spirit Blockchain Capital is a forward-thinking investment company engaged in the blockchain sector. With a focus on innovation, strategic investments, and operational excellence, the company offers investors opportunities for capital appreciation. Through its operational and asset management arms, Spirit Blockchain Capital aims to unlock the potential of the digital economy.
For more details on Spirit Blockchain Capital, visit their official website at Spiritblockchain.com.
Forward-Looking Statements Disclaimer
Risks and Considerations for Interested Parties
It’s essential to note that the forward-looking statements and information provided in this update are subject to certain risks and uncertainties. While Spirit Blockchain Capital is optimistic about the Offering’s completion and its proposed use of proceeds, factors beyond their control could impact the outcome. Interested parties are encouraged to review the Company’s long-form prospectus for a comprehensive understanding of the associated risks.
The Canadian Securities Exchange (CSE) has not reviewed or approved the contents of this press release.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
