Belgravia Hartford Announces 100% Bitcoin Directed $10M CAD Private Placement Financing to Accelerate Growth of Bitcoin Treasury Holdings
Rhea-AI Summary
Belgravia Hartford Capital (OTC:BLGVF) has announced a non-brokered private placement offering to raise up to CAD $10 million through the issuance of 40 million units at C$0.25 per unit. Each unit includes one common share and half a warrant, with each full warrant exercisable at C$0.50 for 12 months.
The company plans to use 100% of the proceeds to purchase Bitcoin, aligning with its strategic objective of building a Bitcoin treasury. The warrants include an acceleration clause triggered if the stock price exceeds C$0.75 for 10 consecutive trading days. Company insiders may participate in the offering, which will be subject to a four-month statutory hold period.
Positive
- 100% of proceeds dedicated to Bitcoin purchases, showing clear strategic focus
- Potential for warrant acceleration if share price exceeds C$0.75, indicating upside potential
- No finder's fees assigned, reducing offering costs
Negative
- Significant dilution through issuance of 40 million new units
- High concentration risk by allocating all proceeds to Bitcoin
- Related party transaction through insider participation may raise governance concerns
News Market Reaction
On the day this news was published, BLGVF gained 47.20%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Toronto, Ontario--(Newsfile Corp. - June 24, 2025) - BELGRAVIA HARTFORD CAPITAL INC. (CSE: BLGV) (OTC Pink: BLGVF) (FSE: ECA) ("Company" or "Belgravia") is pleased to announce a non-brokered private placement of up to 40,000,000 units of the Company (each a "Unit") at a price of C
Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of C
There are no finders fees assigned to this offering.
It is expected that certain Insiders (as such term is defined under the policies of the CSE of the Company may participate in the Offering. The participation by Insiders in the Offering will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under subsections 5.5(a) and 5.7(a) of MI 61-101 on the basis that as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Offering, insofar as it involves related parties, will exceed
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For more information, legal disclaimer and about Belgravia Hartford please visit www.belgraviahartford.com
For More Information, Please Contact:
Mehdi Azodi, President & CEO
Belgravia Hartford Capital Inc.
(416) 779-3268
mazodi@blgv.ca
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/256612