Belgravia Hartford Completes USD$1M Second Tranche Drawdown of Credit Facility from Round13 Digital Asset Fund LP, to Further Expand Fast Increasing Bitcoin Treasury
Belgravia Hartford Capital (OTC:BLGVF) has completed a second tranche drawdown of USD$1 million from Round13 Digital Asset Fund LP, as part of a larger USD$5 million credit facility.
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Rhea-AI Summary
Belgravia Hartford Capital (OTC:BLGVF) has completed a second tranche drawdown of USD$1 million from Round13 Digital Asset Fund LP, as part of a larger USD$5 million credit facility. The funds will be exclusively used to purchase Bitcoin through Coinsquare's regulated OTC trading desk.
The total amount advanced under the facility now stands at USD$1.5 million. The company will pay a 6% finder's fee through the issuance of 327,733 common shares at C$0.251 per share to qualified placement agents. Future finder's fees will be based on the 5-day volume-weighted average trading price on the CSE.
Positive
- Access to significant funding with USD$5 million total credit facility
- Strategic expansion of Bitcoin treasury through regulated OTC trading desk
- USD$1.5 million already secured from total facility
Negative
- 6% finder's fee resulting in share dilution
- Variable interest rate tied to Bank of Canada prime rate creates interest rate risk
- Exposure to Bitcoin price volatility risk
Details
News Market Reaction – BLGVF
The recorded move for BLGVF in the trading session of this news was -12.26%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - June 26, 2025) - BELGRAVIA HARTFORD CAPITAL INC. (CSE: BLGV) (OTC: BLGVF) (FSE: ECA) ("Company" or "Belgravia") is pleased to announce it has completed a second tranche drawdown of USD
All amounts advanced under the Facility, including Tranche Two, are to be used exclusively to purchase Bitcoin via Coinsquare's regulated OTC trading desk. Following the completion of Tranche Two, Round 13 DAF will have advanced under the Facility a current aggregate of USD
In connection with the Facility, and as consideration for facilitating the financing, the Company has agreed to pay qualified placement agents arm's length to the Company a finder's fee equal to six percent (
The issuance of the Finder's Shares is subject to acceptance by the CSE and compliance with all applicable securities laws, including any required hold periods.
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/256926
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