Blockchain Venture closes private placement

Executive Summary

• Blockchain Venture Capital Inc. has closed its previously announced non-brokered private placement financings, raising aggregate gross proceeds of $470,000 from arm's-length investors.
• The company also settled outstanding consulting fees totaling $50,000 by issuing common shares to ZTBY Consulting and Advisory Ltd. and individual consultant Wenhong Fan.
• Net proceeds from the private placement are designated for general working capital and the repayment/refund of prior accounts payable, including accrued interest on outstanding loans.

Key Details

• Private Placement Gross Proceeds: $470,000.
• Shares Issued (Private Placement): 1,566,667 common shares.
• Price per Share (Private Placement): $0.30 CAD.
• Warrants Issued: 1,566,667 common share purchase warrants.
• Warrant Exercise Price: $0.35 CAD per share.
• Use of Proceeds: General working capital and repayment/refund of prior accounts payable (including accrued interest on outstanding loans).
• Debt Settlement - ZTBY Consulting and Advisory Ltd.: Settlement of $50,000 in outstanding consulting fees via issuance of 333,333 common shares at a deemed price of $0.15 per share.
• Debt Settlement - Wenhong Fan: Settlement of outstanding consulting services via issuance of 20,000 common shares at a deemed price of $0.15 per share.
• Regulatory Status: All securities are subject to applicable statutory hold periods and Canadian Securities Exchange (CSE) acceptance.
• Previous Announcements: Closings were previously announced on Jan. 13, 2025, and updated on Aug. 5, 2025.

Notable Quotes

• None provided in the text.