Foresight News reports that the Canadian listed company Belgravia Hartford Capital announced a 100% Bitcoin reserve-directed private placement financing of 10 million Canadian dollars. The company will issue up to 40 million units through a non-brokered private placement, with an issue price of 0.25 Canadian dollars per unit, with a total value of up to 10 million Canadian dollars.
Each unit consists of one common share of the company and half of a common share purchase warrant (each full purchase warrant, referred to as a "warrant"). Each warrant grants the holder the right to subscribe to one additional common share at an exercise price of 0.50 Canadian dollars per share. The company stated that all proceeds from this issuance will be specifically used to purchase Bitcoin.
