Belgravia Hartford Capital Inc. Unveils $10 Million Bitcoin Investment Plan
Toronto, Ontario – Belgravia Hartford Capital Inc. (CSE: BLGV) (OTC: BLGVF) (FSE: ECA) has announced a significant initiative to raise up to CAD 10 million through a private placement. This strategic move aims to bolster the company’s Bitcoin treasury, reflecting its ongoing commitment to cryptocurrency investment. The company gears up to issue 40,000,000 units at $0.25 CAD per unit, each consisting of one regular share and half a warrant for additional shares.
Accelerated Warrant Exercise Clause
The warrants included in the unit offering have an accelerated exercise clause. They can be pre-emptively exercised if the regular shares trade above $0.75 CAD on the CSE for ten consecutive trading days. This feature allows for earlier liquidity and heightened shareholder value realization options.
100% Proceeds for Bitcoin Acquisition
Belgravia confirmed that all funds from this offering will be directed towards the purchase of Bitcoin. This aligns with the company’s strategic goal of creating a strong Bitcoin treasury, a move widely anticipated by analysts in the financial and cryptocurrency sectors.
Insider Participation and Regulatory Compliance
Certain insiders, as defined by the company’s policies, may participate in the offering. This represents a “transaction with connected parties” under Multilateral Instrument 61-101. The market value does not exceed 25% of the company’s market capitalization, which ensures compliance.
No Placement Fees and Stock Exchange Approval
Notably, no placement fees are involved in this offer. The company awaits the necessary official and stock exchange approvals before proceeding. All securities issued are subject to legal holding periods of four months and one day.
Future Plans and Strategic Positioning
Belgravia Hartford Capital Inc. aims to enhance its market position through this investment. By focusing on Bitcoin, a leading cryptocurrency, the company anticipates accelerated growth and value, keeping pace with the rapidly evolving digital economy.
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