Belgravia notes jury trial dates for Polynatura dispute

Executive Summary

• Belgravia Hartford Capital provided a corporate update highlighting its continued holding of 83 Bitcoin, a scheduled jury trial against Polynatura Corp. in February 2026, and a new short-term financing arrangement involving insider loans convertible into equity.
• The company confirmed it holds a $12.2-million U.S. royalty from the 2017 sale of the Ochoa asset, which is central to the ongoing litigation with Polynatura Corp.
• Insiders may sell shares to provide short-term loans to the company for working capital, accruing 3% interest and potentially convertible into common shares at a minimum of five cents per share, subject to CSE approval.

Key Details

• Bitcoin Holdings: The company continues to hold 83 Bitcoin, consistent with the news release dated Oct. 31, 2025.
• Litigation Update:
  • Case: Belgravia Hartford Capital versus Polynatura Corp.
  • Nature: Audit and inspection dispute.
  • Trial Date: Jury trial set for Tuesday, Feb. 17, 2026, and Wednesday, Feb. 18, 2026.
  • Venue: U.S. District Court District of New Mexico.
  • Asset in Dispute: Belgravia holds the $12.2-million (U.S.) royalty from the sale of the Ochoa asset in 2017.
  • Previous Update: A press release was issued on May 1, 2025, regarding the case and royalty.
• Short-Term Financing & Insider Transactions:
  • Mechanism: Certain insiders may sell common shares in the open market to provide the company with short-term loans for working capital needs.
  • Purpose: To support working capital while allowing the company to maintain its current Bitcoin position.
  • Interest Rate: 3 per cent per annum.
  • Conversion Terms: Loans may be convertible into common shares at a conversion price of a minimum of five cents per share or the prevailing market price (as permitted by CSE policies), subject to CSE approval.
  • Current Insider Loan: Year-to-date, CEO Mehdi Azodi has advanced $123,000 for working capital, accruing interest at 3 per cent per annum.
  • Final Terms: Principal amount, maturity date, security, and conversion mechanics will be determined at the time of the loan and announced in a subsequent release.
  • Disclaimers: No assurance that insiders will sell shares, that financing will be advanced, or that CSE will approve the convertible features.

Notable Quotes

• "Belgravia confirms that it continues to hold 83 bitcoin, consistent with the company's news release dated Oct. 31, 2025."
• "The Polynatura matter relates to an audit and inspection dispute."
• "Any such loan is expected to be made on terms that are no less favourable to the company than those that could be obtained from arm's-length parties and would accrue interest at 3 per cent per annum, subject to final documentation and Canadian Securities Exchange approval."