Spirit Blockchain Announces Strategic Partnership with Valour; Valor to participate in private placement of CSE:SPIR.

Toronto, March 02, 2023 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. (the “Company” or “Spirit”) (CSE: SPIR ), a Canadian company offering shareholders diversified exposure to the Blockchain and Digital Asset Industry, is pleased to to announce that they have agreed to enter into a strategic partnership in the short term. As part of this strategic partnership, Valor will participate, as main order, in the private placement currently being carried out by the company.

Valor is a publicly traded (NEO:DEFI; OTC:DEFTF; FRA:MB9) Blockchain-focused technology company that bridges traditional capital markets, Web3 and DeFi. Valor has three main business lines: Valor Asset Management, Valor Ventures and Valor Infrastructure. Thanks to its reliable, simple and secure Exchange Traded Products (ETP), Valor Asset Management enables private and institutional investors to gain exposure to digital assets and decentralized finance. Valour’s suite of ETPs tracks the performance of leading digital assets with listings across leading European exchanges, including Euronext (Paris and Amsterdam), the Frankfurt Stock Exchange and the Nordic Growth Market. Valour’s early-stage research-based venture arm supports ambitious founders and high-potential projects and networks across Layer 2 scaling solutions, DeFi and Web 3, with a focus on pre-seed to Series A ventures. Its third line of business, Valor Infrastructure, provides independent governance for decentralized networks to run independent nodes that will validate transactions.

Valor CEO and co-founder, Olivier Rossy Newton, is a highly successful entrepreneur with extensive experience in the blockchain industry. He previously founded and served as president of HIVE Blockchain Technologies (NASDAQ: HIVE ), the first publicly traded crypto miner. He is also a partner in Latent Capital, an investment fund focused on cutting-edge technologies in blockchain, finance and bioinformatics. He currently sits on the board of SEBA Bank AG.

In order to align the interests of all parties and help Spirit achieve its goals, Valour’s CEO, Newton, Olivier Roussy Newton intends to seek a seat on the Spirit Board after the closing of the private placement. In addition, Spirit CEO Lewis Bateman will, after the completion of the private placement, join the board of Valor and guide Valor in product development. Over the next six months, the two firms will also establish objectives, key results and key indicators for the strategic partnership and execute definitive agreements reflecting the partnership.

“Valour is a great company to work with and the partnership will be the foundation for great opportunities and growth for both companies.” “This is just the beginning,” said Spirit CEO Lewis Bateman.

“We are thrilled to have the opportunity to work with Spirit Blockchain as a partner,” said Valour CEO Olivier Roussy Newton. “This partnership symbolizes Valour’s commitment to building the leading decentralized digital asset management firm in the world.” Lewis Bateman has extensive experience with exchange-traded product solutions and capital formation in both traditional and digital markets and was the strategic leader in mergers and acquisitions at former public companies.

About Spirit Blockchain Capital Inc.


Spirit is listed on the Canadian Securities Exchange (CSE) under the symbol SPIR.CN.

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 is centered on four complementary financial units:

• Structured products, royalties and flows 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.

To learn more about Spirit, go to:

www.spiritblockchain.com

Media contact:


Lewis Bateman, Managing Director

Email:

[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: the strategic partnership between the company and Valor Inc.; Valor Inc. participating in the private placement of the company; Mr. Bateman being nominated to the board of directors of Valor Inc. after the closing of the private placement; Mr. Roussy Newton will be nominated to the board of the company after the conclusion of the private placement. Actual results may differ materially from those currently expected due to a number of factors and risks. Factors that may significantly affect such forward-looking information are described under the heading “Risk Factors” in the company’s long-form 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.‎