BlockchainK2 Announces Proposed Private Placement Offering

BlockchainK2 plans a small private placement financing with regulatory approval conditions and a four-month hold period on new shares.

Rhea-AI Summary

BlockchainK2 (BIDCF) plans a non-brokered private placement of up to 1,857,143 common shares at $0.07 per share for gross proceeds of up to $130,000. The company has decided not to proceed with a previously announced private placement from February 26, 2026. All securities issued will be subject to a four-month statutory hold period, and a finder’s fee in cash and/or warrants may be paid under TSX Venture Exchange rules. Closing is subject to corporate and regulatory approvals, including TSX Venture Exchange approval, and proceeds are earmarked for general working capital.

Positive

• Up to $130,000 in gross proceeds planned for working capital
• Financing terms set at $0.07 per share with defined share count cap

Negative

• Offering may issue up to 1,857,143 new shares, implying equity dilution
• Closing of the offering is conditional on regulatory and corporate approvals

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - September 22, 2026) - BlockchainK2 Corp. (TSXV: BITK) (OTCQB: BIDCF) (FSE: KRL2) (the "Company") announces that the Company plans to offer, on a private placement basis, up to 1,857,143 common shares at a price of $0.07 per share for total proceeds of up to $130,000 (the "Offering"). The Company has elected not to proceed with the previously announced private placement on February 26, 2026.

All securities issued in connection with the Offering will be subject to a four‐month statutory hold period. The Company may pay a finder's fee in cash and or share purchase warrants in accordance with the rules of the TSX Venture Exchange.

The proceeds of the Offering will be used for general working capital purposes.

Closing of the proposed Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including approval from the TSX Venture Exchange.

BlockchainK2 Corp.
Sergei Stetsenko
CEO
Phone: 604 630-8746

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/315391

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares could be issued in BlockchainK2’s proposed private placement and at what price?

The proposed private placement contemplates issuing up to 1,857,143 common shares at a price of $0.07 per share.

What is the maximum amount BlockchainK2 expects to raise from this offering?

The company plans to raise up to $130,000 in total gross proceeds from the proposed private placement.

What will BlockchainK2 use the proceeds of the proposed private placement for?

The company states that the proceeds of the offering will be used for general working capital purposes.

What are the restrictions on the securities issued in this BlockchainK2 offering?

All securities issued in connection with the proposed offering will be subject to a four-month statutory hold period.

Is the BlockchainK2 private placement already finalized?

No. Closing of the proposed offering is subject to several conditions, including receipt of all necessary corporate and regulatory approvals, such as TSX Venture Exchange approval.

What happened to BlockchainK2’s previously announced private placement from February 26, 2026?

The company has elected not to proceed with the private placement that was previously announced on February 26, 2026.

Can BlockchainK2 pay a finder’s fee in connection with this offering?

The company may pay a finder’s fee in cash and/or share purchase warrants in accordance with TSX Venture Exchange rules.