Blockchain Venture Capital Inc. Announces Closing of Shares for Services

Executive Summary of Latest Release

• Blockchain Venture Capital Inc. (BVCI) issued 608,666 common shares to settle outstanding debts totaling CAD $182,600 related to consulting, advisory, and accounting services.
• Shares were issued at a deemed price of $0.30 per share.
• Recipients include Lenny Wong (200,000 shares), Quying Cui (333,333 shares), and Oriental Sources Inc. (75,333 shares).
• Issuance is subject to Canadian Securities Exchange (CSE) approval and statutory hold periods.

Dilution and Cash Flow Implications

• The issuance of ~609k shares represents approximately 1.5% dilution to the existing share base (~41.2M outstanding), which is consistent with previous service-based issuances in April and December 2025.
• Settling $182,600 in debt via equity rather than cash confirms a lack of liquidity to meet operational obligations, reinforcing the negative sentiment from the May 1st filing delay.
• The deemed price of $0.30 is significantly higher than the current trading price of $0.20 (May 26 close), indicating management values the debt settlement at a premium or reflects previous financing terms rather than current market reality.

Business Model

• BVCI operates in blockchain infrastructure, digital asset wallet services (BVCPay), and stablecoin issuance (CADT, CUSD).
• Flagship initiatives include the BVCChain proprietary technology and plans for Real World Asset (RWA) tokenization.