BlockchainK2 Announces Proposed Debt Settlement
BlockchainK2 (OTCQB: BIDCF; TSXV: BITK) announced a proposed debt settlement dated October 31, 2025 to settle $340,000 of outstanding indebtedness by issuing 4,857,142 common shares at $0.07 per share (the "Debt Settlement Shares").
The notice discloses that 928,571 shares will be issued to related parties and the company is relying on MI 61-101 exemptions from valuation and minority shareholder approval because the issuance is claimed to be under 25% of market capitalization. Closing is subject to TSX Venture Exchange approval. The release contains customary forward-looking cautionary language and refers investors to regulatory filings for additional risk details.
BlockchainK2 (OTCQB: BIDCF; TSXV: BITK) ha annunciato un presunto accordo di settlement debitorio datato 31 ottobre 2025 per risolvere 340.000 dollari di debito pendente mediante rilascio di 4.857.142 azioni ordinarie a 0,07 dollari per azione (le azioni di settlement del debito).
L'avviso indica che 928.571 azioni saranno emesse a parti correlate e la società si rifà alle esenzioni MI 61-101 da valutazione e approvazione degli azionisti di minoranza perché l'emissione viene dichiarata inferiore al 25% della capitalizzazione di mercato. La chiusura è soggetta all'approvazione della TSX Venture Exchange. Il comunicato contiene consueti avvertenze forward-looking e rinvia agli investitori ai documenti regolamentari per ulteriori dettagli sui rischi.
BlockchainK2 (OTCQB: BIDCF; TSXV: BITK) anunció un posible acuerdo de deuda fechado el 31 de octubre de 2025 para liquidar 340.000 dólares de deuda pendiente emitiendo 4.857.142 acciones comunes a 0,07 dólares por acción (las acciones de liquidación de deuda).
El aviso revela que se emitirán 928.571 acciones a partes relacionadas y la empresa se apoya en las exenciones MI 61-101 de valoración y aprobación de accionistas minoritarios porque la emisión se afirma que está por debajo del 25% de la capitalización de mercado. El cierre está sujeto a la aprobación de la TSX Venture Exchange. El comunicado contiene un lenguaje de advertencia prospectiva habitual y remite a los inversionistas a los archivos regulatorios para obtener detalles adicionales sobre los riesgos.
BlockchainK2 (OTCQB: BIDCF; TSXV: BITK)가 2025년 10월 31일자로 기한이 정해진 부채 정산을 발표했으며, 340,000 달러의 미지급 부채를 4,857,142 주의 보통주를 주당 0.07 달러에 발행해 상환할 예정입니다 (부채 정산 주식).
통지는 928,571 주식이 관계자에게 발행될 것이며, 회사는 평가 및 소액주주 승인을 위한 MI 61-101 면제에 의존하고 있다고 명시합니다. 이는 발행이 시가총액의 25% 미만이라고 주장하기 때문입니다. 종결은 TSX Venture Exchange의 승인을 조건으로 합니다. 발표에는 일반적인 미래지향적 주의 문구가 포함되어 있으며 추가 리스크 세부정보를 위해 규제 공시를 투자자들에게 참조하도록 합니다.
BlockchainK2 (OTCQB: BIDCF; TSXV: BITK) a annoncé un règlement de dette proposé daté du 31 octobre 2025 pour régler 340 000 dollars de dette en cours en émettant 4 857 142 actions ordinaires à 0,07 dollar par action (les actions de règlement de dette).
L'avis indique que 928 571 actions seront émises à des parties liées et que la société se fonde sur les exemptions MI 61-101 en matière d’évaluation et d’approbation des actionnaires minoritaires car l’émission est déclarée inférieure à 25 % de la capitalisation boursière. La clôture est soumise à l’approbation de la TSX Venture Exchange. Le communiqué contient un langage d’avertissement prospectif habituel et renvoie les investisseurs aux dépôts réglementaires pour des détails supplémentaires sur les risques.
BlockchainK2 (OTCQB: BIDCF; TSXV: BITK) gab eine vorgeschlagene Schuldenregulierung mit Datum vom 31. Oktober 2025 bekannt, um 340.000 USD an ausstehenden Verbindlichkeiten durch die Ausgabe von 4.857.142 Stammaktien zu je 0,07 USD pro Aktie zu begleichen (die sogenannten Debt Settlement Shares).
Die Mitteilung offenbart, dass 928.571 Aktien an verbundene Parteien ausgegeben werden und das Unternehmen sich auf MI 61-101-Ausnahmen von Bewertung und Zustimmung der Minderheitsaktionäre beruft, da die Emission angeblich unter 25% der Marktkapitalisierung liegt. Der Abschluss unterliegt der Genehmigung der TSX Venture Exchange. Die Pressemitteilung enthält übliche zukunftsgerichtete Warnhinweise und verweist Investoren auf regulatorische Unterlagen für zusätzliche Risikodetails.
BlockchainK2 (OTCQB: BIDCF; TSXV: BITK) أعلن عن تسوية دين مقترحة بتاريخ 31 أكتوبر 2025 لتسوية 340,000 دولار من الدين المستحق عن طريق إصدار 4,857,142 سهماً عاديًا بسعر 0.07 دولار للسهم (أسهم تسوية الدين).
توضح الإخطار أن 928,571 سهماً ستصدر لأطراف مرتبطة وأن الشركة تعتمد على استثناءات MI 61-101 من التقييم والموافقة من المساهمين الأقلية لأن الإصدار يُزعم أنه أقل من 25% من القيمة السوقية. الإغلاق خاضع لموافقة TSX Venture Exchange. يحتوي البيان على عبارات تحذيرية اتجاه المستقبل المعتادة ويشير المستثمرين إلى الملفات التنظيمية للحصول على تفاصيل مخاطر إضافية.
- Settles $340,000 of outstanding indebtedness
- Uses equity issuance instead of cash outflow
- Issues 4,857,142 new shares at $0.07 (potential dilution)
- Related parties receive 928,571 shares
- Deal is subject to TSX Venture Exchange approval
Vancouver, British Columbia--(Newsfile Corp. - October 31, 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 928,571 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/272706
FAQ
What did BlockchainK2 (BIDCF) announce on October 31, 2025?
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Is the BlockchainK2 (BIDCF) debt settlement final or conditional?
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