Blockchain Venture Capital Inc. announced a non-brokered private placement of up to 320,000 shares at an issue price of CAD 2.50 per share for gross proceeds of CAD 800,000 on August 22, 2022. All securities issued under the transaction will be subject to a hold period expiring four months and one day from the date of issuance. The transaction may be completed in multiple tranches.

The transaction is subject to receipt of executed subscription agreements and funds as well as certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.