VANCOUVER, British Columbia, Nov. 10, 2022 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. (the “Company” or “Spirit“) (CSE: SPIR), a Canadian company offering shareholders diversified exposure to the Blockchain and Crypto Industry, is pleased to announce the appointment of Lewis Bateman as the company’s new CEO.
An experienced business manager, Lewis Bateman, will succeed Erich Perroulaz and assume his responsibilities. Mr. Perroulaz will remain as President and Founder of Spirit Blockchain. Mr. Perroulaz comments: “We are extremely fortunate to have Lewis with us as CEO, to lead this organization into the future. He has extensive experience in both public and private blockchain organizations, as well as in traditional capital markets.”
Mr. Bateman has managed the day-to-day operations of digital asset providers, asset management firms and primary exchanges. He has a significant amount of C-level knowledge. With buy-side, sell-side and price execution organization experience, Mr. Bateman has a comprehensive understanding of the trading industry. He has previously worked as a regulatory manager and strategic advisor. During more than 20 years, he has been responsible for both traditional capital market companies and innovative organizations for digital asset management.
The Spirit Team expects blockchain innovations to drive future developments in computing and the Web3, and believes in the potential of digital assets to restore faith and pave the way for new forms of governance where communities make critical choices about the future of their networks, the types of behavior that are rewarded , and distribution of wealth.
“When I spoke with Lewis, it was clear that our goals of creating value in a rapidly growing digital ecosystem through recurring cash flows and capital growth were aligned.” said Raymond O’Neill, Spirit’s chairman.
Sphere Investment Management and CoinCapital Investment Management were both founded by Mr. Bateman, who also served as CEO. Previously, he held management positions at Horizons ETFs Management Inc. and First Asset (CI Financial). He was a director at the Toronto Stock Exchange (TMX Group), responsible for attracting new foreign participating trading members to the Canadian market, as well as safeguarding the interests of the exchange’s clients, both domestic and international, in the placement of structured products distributors.
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:
- 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 may significantly affect such forward-looking information are described under the heading “Risk factors” in the company’s 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.
