Digital Commodities closes bitcoin facility drawdown

Executive Summary

• Digital Commodities Capital Corp. closed a drawdown under its bitcoin purchase facility with VanCrypto Tech Ltd., acquiring 0.317 BTC.
• The company issued 714,285 units to VanCrypto as consideration, valued at a deemed price of $0.07 per unit.
• The company also granted 4 million stock options to directors, officers, and consultants, exercisable at $0.075 per share.

Key Details

• Bitcoin Acquisition:
  • Received 0.317 bitcoin from VanCrypto Tech Ltd.
  • Total treasury holdings now stand at 10.880 bitcoin.
  • Bitcoin is held as a liquid cash alternative and hedge against inflation.
• Transaction Consideration & Structure:
  • Issued 714,285 units to VanCrypto.
  • Deemed price: $0.07 per unit.
  • Each unit consists of one common share and one common share purchase warrant.
  • Warrant terms: Exercisable into one common share at $0.10 per share for a period of two years from issuance.
  • Hold periods: Securities are subject to a statutory hold period of four months and one day, plus a concurrent four-month hold period under Canadian Securities Exchange policies.
• Stock Option Grant:
  • Granted an aggregate of 4,000,000 stock options.
  • Recipients: Certain directors, officers, and consultants.
  • Exercise price: $0.075 per common share.
  • Vesting: Immediate.
  • Term: 24 months from the date of grant.

Notable Quotes

• None provided in the text.