Spirit Blockchain Capital Inc. announces conditional approval for public listing on the Canadian Stock Exchange.
VANCOUVER, British Columbia, Aug. 24, 2022 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. (the “Company” or “Spirit”), a Canadian company that offers shareholders diversified exposure to the Blockchain and crypto industries, is pleased to announce that it has filed its long-form prospectus dated August 8, 2022, which was received by the British Columbia Securities Commission and the Ontario Securities Commission on 9 . August 2022. Spirit’s common stock (“Stock“) has been approved for listing on the Canadian Securities Exchange (“CSE“), subject to normal listing conditions.
The company expects the shares to begin trading in September 2022 and will update the market pending confirmation of a listing date from the CSE.
The listing of Spirit on the CSE is a key strategic objective for the company and is expected to enhance Spirit’s ability to raise capital, create partnerships and execute its broader business strategy.
“I am pleased that the company has been approved by the CSE, and look forward to growing the business as a public company, with all the opportunities that presents” stated Spirit’s founder and CEO, Erich Perroulaz. “Getting listed will provide more opportunities in the rapidly growing Blockchain industry. Decentralized digital assets are still relatively new and will change the process of how people and companies interact with each other. There is a bright future in this sector.” continued Mr. Perroulaz.
The company will capitalize on this momentum and continue to push towards achieving major milestones, including closing a streaming and royalty deal with a North American Bitcoin Miner and launching its own Validator Node on the Avalanche network.
Antony Turner, COO, noted “We look forward to going public as global markets and the ecosphere begin to recover. We are confident that the crypto market has bottomed out and are positive that new highs will be seen in the next 12 the months.”
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:
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Royalties & Streams by lending capital to blockchain ecosystem participants, where repayment of the nominal and interest occurs in the form of crypto-assets;
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Consultancy and research services;
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Treasury management through investment in large crypto-assets with cold storage in Switzerland; and
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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.
