Birchtree Investments Ltd. (CNSX:BRCH) entered into a share exchange agreement to acquire 16.38% stake in Valkyrie Specialty Corporation for CAD 0.58 million on March 23, 2024. Pursuant to a share exchange agreement, Birchtree has agreed to issue 5,000,000 common shares of Birchtree at a deemed price of CAD 0.115 per share, in exchange for 425,926 common shares of Valkyrie at a deemed price of CAD 1.35 per share. As conditions to closing, scheduled for March 29, 2024, Birchtree will subscribe for an additional 370,000 common shares of Valkyrie at a price of CAD 1.35 per share for gross proceeds of CAD 499,500, and Valkyrie will grant Birchtree the right to appoint a director of Valkyrie for as long as Birchtree owns or controls at least 500,000 of the issued and outstanding shares of Valkyrie.

Subsequent to the transactions contemplated by the SEA, Birchtree will hold, on a non-diluted basis, 30.6% of the issued and outstanding shares of Valkyrie, and Valkyrie will hold, on a non-diluted basis, 6.0% of the issued and outstanding shares of Birchtree.