BlockchainK2 Announces Proposed Debt Settlement
BlockchainK2 Corp. (OTCQB: BIDCF) has announced a proposed debt settlement plan to resolve outstanding indebtedness of $317,098.37 through the issuance of 5,765,425 common shares at $0.055 per share.
The transaction includes a related party component, with 3,191,923 shares being issued to company insiders. BlockchainK2 is utilizing exemptions from valuation and minority shareholder approval requirements under MI 61-101, as the fair market value of the debt settlement shares is below 25% of the company's market capitalization. The completion of this debt settlement remains subject to TSX Venture Exchange approval.
BlockchainK2 Corp. (OTCQB: BIDCF) ha annunciato un piano di composizione del debito proposto per risolvere l'indebitamento pendente di $317.098,37 mediante l'emissione di 5.765.425 azioni ordinarie a $0,055 per azione.
La transazione comprende una componente con parti correlate, con 3.191.923 azioni emesse agli insider della società. BlockchainK2 sta utilizzando esenzioni da requisiti di valutazione e di approvazione degli azionisti di minoranza ai sensi di MI 61-101, poiché il valore equo di mercato delle azioni per la composizione del debito è inferiore al 25% della capitalizzazione di mercato della società. Il completamento di questa composizione del debito resta soggetto all'approvazione della TSX Venture Exchange.
BlockchainK2 Corp. (OTCQB: BIDCF) ha anunciado un plan propuesto de liquidación de deudas para resolver la deuda pendiente de $317.098,37 mediante la emisión de 5.765.425 acciones ordinarias a $0,055 por acción.
La transacción incluye una componente de parte relacionada, con 3.191.923 acciones emitidas a los insiders de la empresa. BlockchainK2 está utilizando exenciones de valoración y aprobación de accionistas minoritarios bajo MI 61-101, ya que el valor razonable de mercado de las acciones de liquidación de deuda está por debajo del 25% de la capitalización de mercado de la empresa. La finalización de esta liquidación de deuda queda sujeta a la aprobación de la TSX Venture Exchange.
BlockchainK2 Corp. (OTCQB: BIDCF)가 미상환 채무를 해결하기 위한 제안된 부채 상환 계획을 발표했습니다. 317,098.37달러의 채무를 주당 0.055달러에 발행하는 5,765,425주의 보통주를 통해 해결합니다.
거래에는 관련 당사자 구성요소가 포함되어 있으며, 3,191,923주가 회사 내부자에게 발행됩니다. BlockchainK2는 평가 및 소액주주 승인 요건 면제를 MI 61-101에 따라 활용하고 있는데, 부채 상환 주식의 공정가치가 회사의 시가총액의 25% 미만이기 때문입니다. 이 부채 상환의 완료는 TSX Venture Exchange의 승인을 받아야 합니다.
BlockchainK2 Corp. (OTCQB : BIDCF) a annoncé un plan de règlement de dette proposé pour résorber l'endettement en souffrance de 317 098,37 $ par l'émission de 5 765 425 actions ordinaires à 0,055 $ par action.
L'opération comprend une composante de partie liée, avec 3 191 923 actions émises aux initiés de la société. BlockchainK2 utilise des exemptions de valorisation et d'approbation des actionnaires minoritaires en vertu du MI 61-101, car la juste valeur marchande des actions de règlement de dette est inférieure à 25% de la capitalisation boursière de la société. L'achèvement de ce règlement de dette reste soumis à l'approbation de la TSX Venture Exchange.
BlockchainK2 Corp. (OTCQB: BIDCF) hat einen vorgeschlagenen Schuldenvergleich angekündigt, um die ausstehende Verbindlichkeit in Höhe von 317.098,37 $ durch die Ausgabe von 5.765.425 Stammaktien zu je 0,055 $ pro Aktie zu lösen.
Die Transaktion umfasst eine mit der Gesellschaft verbundene Komponente, wobei 3.191.923 Aktien an Unternehmensinsider ausgegeben werden. BlockchainK2 nutzt Ausnahmen von Bewertungs- und Minderheitenbeteiligungsanforderungen gemäß MI 61-101, da der beizulegende Zeitwert der Schuldenvergleichsaktien unter 25% der Marktkapitalisierung des Unternehmens liegt. Der Abschluss dieses Schuldenvergleichs bleibt der Genehmigung der TSX Venture Exchange vorbehalten.
BlockchainK2 Corp. (OTCQB: BIDCF) أعلنت عن خطة تسوية ديون مقترحة لحل الدين المستحق البالغ 317,098.37 دولاراً من خلال إصدار 5,765,425 سهماً عادياً بسعر $0.055 للسهم.
تتضمن الصفقة مكوناً من طرف ذي صلة، حيث سيُصدر 3,191,923 سهماً للمطلعين من داخل الشركة. تستخدم BlockchainK2 استثناءات من متطلبات التقييم وموافقة المساهمين الأقلية وفق MI 61-101، لأن القيمة العادلة لسهم التسوية الدين تسد 25% من رأسمال الشركة السوقي. لا يزال إتمام هذه التسوية للديون خاضعاً لموافقة TSX Venture Exchange.
BlockchainK2 Corp. (OTCQB: BIDCF) 已宣布拟议的债务和解计划，通过发行 5,765,425 股普通股、每股 $0.055 来解决 $317,098.37 的未清偿债务。
该交易包括一项关联方成分，向公司内部人士发行 3,191,923 股。BlockchainK2 正在根据 MI 61-101 利用估值和少数股东批准豁免，因为债务和解股的公允市场价值低于公司市值的 25%。此债务和解的完成仍需获得 TSX Venture Exchange 的批准。
- None.
- 55.4% of settlement shares going to related parties, indicating significant insider involvement
- Potential dilution for existing shareholders
- Share issuance at $0.055 may indicate current market weakness
Vancouver, British Columbia--(Newsfile Corp. - September 15, 2025) - BlockchainK2 Corp. (TSXV: BITK) (OTCQB: BIDCF) (FSE: KRL2) (the "Company") announces that the Company proposes to settle outstanding indebtedness totaling
A portion of the above-described transaction constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transaction ("MI 61-101") as 3,191,923 Debt Settlement Shares are being issued to related parties of the Company. The Company is relying on exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the Debt Settlement Shares does not exceed
Closing of the debt settlement is subject to the approval of the TSX Venture Exchange.
BlockchainK2 Corp.
Sergei Stetsenko
CEO
Phone: +971502806737
Email: s.serge@gmail.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSX-V. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the business plans for the Company as described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which are available at www.sedarplus.ca
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266370
FAQ
How much debt is BlockchainK2 (BIDCF) settling through share issuance?
What is the price per share for BIDCF's debt settlement transaction?
How many shares are being issued to related parties in BlockchainK2's debt settlement?
What regulatory approvals does BlockchainK2 need for this debt settlement?
Why doesn't BlockchainK2's debt settlement require minority shareholder approval?
