Birchcliff Energy closes $860,000 private placement

Executive Summary

• Birchcliff Energy Ltd. completed a non‑brokered private placement, raising $860,000 by issuing 43 million common shares at $0.02 per share.
• Net proceeds will be used for potential new investments, working capital and general corporate purposes, with an emphasis on expanding participation in the cryptocurrency, Web3, digital‑asset and tokenization ecosystem.
• The issued shares are subject to a four‑month‑plus‑one‑day hold period, and no finders’ fees were paid in connection with the offering.

Key Details

• Offering Size: $860,000 gross proceeds.
• Shares Issued: 43,000,000 common shares at $0.02 per share (non‑brokered).
• Use of Proceeds: Potential new investments, working capital, general corporate purposes; specifically targeting research, evaluation, and strategic investments in digital assets, tokenization technologies, and real‑world asset opportunities within the broader cryptocurrency/Web3 ecosystem.
• Hold Period: Shares subject to a lock‑up of four months and one day from closing date.
• Fees: No finders’ fees were paid.

Notable Quotes

(No direct quotes provided in the release.)