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Blockmate Ventures Inc
Symbol MATE
Shares Issued 151,570,601
Close 2026-06-22 C$ 0.055
Market Cap C$ 8,336,383
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Blockmate arranges $750,000 private placement

2026-06-22 18:32 ET - News Release

Mr. Justin Rosenberg reports

BLOCKMATE ANNOUNCES $750,000 PRIVATE PLACEMENT TO ADVANCE WYOMING AI DATA CENTRE OPPORTUNITY

Blockmate Ventures Inc. intends to complete a non-brokered private placement financing for gross proceeds of up to $750,000.

The offering is expected to consist of up to 15 million units of the company at a price of five cents per unit. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at a price of 7.5 cents for a period of 24 months from the date of issuance.

The company has received commitments for the offering from members of the board of directors and an external shareholder, Gleneagle Securities, an investment bank and fund manager. The company may accept oversubscriptions of up to an additional $250,000, for potential aggregate gross proceeds of up to $1-million.

The net proceeds of the offering are expected to be used to advance the company's Wyoming AI (artificial intelligence) data centre opportunity, including engineering, surveying, site planning, local engagement, fibre, and power-related diligence and related development work, as well as for general working capital.

No finders' fees are payable in connection with the offering.

The company anticipates that insiders of the company will participate in the offering. The issuance of units to such insiders will be considered a related party transaction pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the offering as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the offering, insofar as it involves the insiders, is anticipated to exceed 25 per cent of the company's market capitalization.

Closing of the offering is subject to customary conditions, including receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. All securities issued pursuant to the offering will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities laws.

Domenic Carosa, chairman of Blockmate, commented:

"This placement strengthens Blockmate's working capital position and supports the next phase of work on our Wyoming AI data centre opportunity, including engineering, site planning and related infrastructure diligence. It also supports our broader AI, bitcoin and digital infrastructure strategy."

Corporate deck

The company has prepared an updated Blockmate corporate presentation to reflect its current strategic focus. The presentation is available on-line.

About Blockmate Ventures Inc.

Blockmate Ventures is a venture builder focused on AI, bitcoin and digital infrastructure. The company builds and supports early stage businesses and projects across these themes, with a portfolio approach that includes infrastructure-linked opportunities and operating ventures. Blockmate's strategy is to identify high-upside assets and partners, support execution, and create long-term value through disciplined development, strategic relationships and clear market communication.

We seek Safe Harbor.

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