VANCOUVER, British Columbia, Sept. 13, 2022 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. (the “Company” or “Spirit”), a Canadian company that offers shareholders diversified exposure to the Blockchain and Digital Asset Industry, is pleased to announce that the common shares of the company’s capital (“Stock”) will begin trading on the Canadian Stock Exchange (“CSE”) under the ticker “SPIR” on 14 September 2022.
“This marks a very important milestone for the company” said Spirit’s founder and CEO, Erich Perroulaz. “Our shareholders who supported us on this journey invested in us and in the long-term value of this ecosystem. We believe there is a very bright future in this sector, for the company and our shareholders.” continued Mr. Perroulaz.
The company will further leverage the positive momentum from this IPO and will continue to drive towards achieving major milestones, including streaming and royalties expansion, and staking.
Antony Turner, COO, noted “Going public strengthens our offering to the market and gives our customers and investors confidence that we are able to deliver on our strategy.”
As stated in the final prospectus of the Company dated August 8, 2022 (“Prospectus“), the company has granted a total of 5,721,133 incentive stock options (“Alternatives“) and allocated a total of 2,860,567 limited share units (“RSUpp“). The options and RSUs were granted to certain directors, officers and consultants of the Company pursuant to the Company’s stock compensation plan (“Plan“). The options have an exercise price of $0.125 per share and are exercisable on or before July 31, 2026 unless terminated in accordance with the terms of the plan. The RSUs will vest in stages over a period of two years from the listing date. Before listing on the CSE, the company has issued a total of 900,183 shares for vested RSUs. The options, RSUs and any shares issued upon exercise thereof will be subject to a holding period of four months and one day ending on the date that is four months and one day from the grant date.
The securities referred to in this press release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of. of US persons lacking registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction where such offer, solicitation or sale would be illegal.
About Spirit Blockchain Capital Inc.
Spirit is a Canadian-Swiss group operating in the blockchain and digital asset sectors with the primary objective of creating value in a fast-growing environment through recurring cash flows and capital growth.
Spirit gives investors direct exposure to the sector, without the technical complexity or limitations of buying and holding the underlying crypto assets. Spirit’s strategy is based on management’s belief that the blockchain and digital asset ecosystem will provide significant growth and outperform traditional asset classes in the medium to long term.
The company’s strategy focuses on four complementary financial units:
- Royalties & Streams by lending capital to blockchain ecosystem participants, where repayment of the nominal and interest occurs in the form of crypto-assets;
- Consultancy and research services;
- Treasury management through investment in large crypto-assets with cold storage in Switzerland; and
- Deliver IT solutions to the sector within the areas of Compliance, AML, Forensics and Risk Reporting.
For further information, please contact:
Erich Perroulaz, founder and CEO
[email protected]
Forward-looking statements
This press release contains forward-looking statements and forward-looking information in accordance with applicable securities legislation. The use of the words “expect”, “anticipate”, “continue”, “estimate”, “target”, “may”, “will”, “project”, “should”, “believe”, “plan”, “have to intent” and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information deal with future events and conditions, they inherently involve inherent risks and uncertainties. Forward-looking information in this press release includes, among other things: listing of the company’s securities on the CSE and proposed listing time; Spirit’s ability to raise capital, create partnerships and execute its broader business strategy; the potential streaming and royalty transaction with a North American Bitcoin Miner; the company is launching its own Validator Node on the Avalanche network; comments related to prices in the crypto market; and the success and long-term trajectory of the blockchain and crypto industry more generally. Actual results may differ materially from those currently expected due to a number of factors and risks. Factors that can significantly affect such forward-looking information are described under the heading “Risk factors” in the company’s long prospectus dated August 8, 2022, which is available on the company’s profile on SEDAR at www.sedar.com.
The company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Readers are therefore advised not to rely on forward-looking statements or information.
CSE has not reviewed, approved or disapproved the contents of this press release.
