Mr. Richard Zhou reports
BLOCKCHAIN VENTURE CAPITAL INC. ANNOUNCES CLOSING OF 2025 FUNDRAISING
Blockchain Venture Capital Inc. has closed its previously announced non-brokered private placement financings, together with the settlement of certain outstanding consulting fees through the issuance of common shares.
Closing of 2025 private placement
As previously announced on Jan. 13, 2025, and subsequently updated on Aug. 5, 2025, the company has completed multiple closings of its non-brokered private placement, raising aggregate gross proceeds of $470,000 from arm's-length investors.
In connection with the closings, the company issued an aggregate of:
- 1,566,667 common shares at a price of 30 cents per common share; and
- 1,566,667 common share purchase warrants, each exercisable at 35 cents per share, subject to applicable securities laws and Canadian Securities Exchange acceptance.
The net proceeds of the private placement will be used for general working capital purposes and for the repayment and/or refund of prior accounts payable, including accrued interest on outstanding loans.
Consulting service debt settlements
The company also announces the settlement of certain outstanding consulting fees through the issuance of common shares:
- ZTBY Consulting and Advisory Ltd., founded by Neil Cui, agreed to settle $50,000 in outstanding consulting fees through the issuance of 333,333 common shares at a deemed price of 15 cents per share.
- Wenhong Fan agreed to settle outstanding consulting services in the West Coast through the issuance of 20,000 common shares at a deemed price of 15 cents per share.
All securities issued in connection with the private placement and the debt settlements are subject to applicable statutory hold periods and CSE acceptance.
About Blockchain Venture Capital Inc.
Blockchain Venture is an Ontario-incorporated company registered as a money service business with FINTRAC. The company provides blockchain-based financial infrastructure, including:
- BVC Chain, a proprietary blockchain and distributed-ledger platform;
- BvcPay, a mobile wallet enabling digital transactions using bitcoin, ethereum and the CADT stablecoin;
- Trillium Coin, a bitcoin over-the-counter trading service.
CADT, BVCI's native digital currency, is intended to be a Canadian-dollar-backed stablecoin designed for payments, settlements, digital-asset issuance and ledger services. Unless and until BVCI obtains all necessary regulatory approvals or qualifies for exemptions, there is no assurance that it will be able to proceed with its CADT-related initiatives.
We seek Safe Harbor.
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