VANCOUVER, British Columbia, Aug. 24, 2022 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. (the “Company” Where “Spirit”), a Canadian company that provides its shareholders with diversified exposure to the blockchain and crypto industry, is pleased to announce that it has filed its long form prospectus dated August 8, 2022, which has been endorsed by the British Columbia Securities Commission and the Ontario Securities Commission on August 9, 2022. The common shares of Spirit (the “Shares”) have been approved for listing on the Canadian Securities Exchange (“CSE“), subject to the usual listing conditions.
The Company expects the Shares to begin trading in September 2022 and will update the market pending confirmation of a listing date by the CSE.
Spirit’s CSE listing is a key strategic objective for the company and should enhance Spirit’s ability to raise capital, build partnerships and execute its broader business strategy.
“I am delighted that the company has been approved by the CSE and I look forward to growing the business as a public company, with all the opportunities that brings,” said Spirit Founder and CEO Erich Perroulaz. “Getting listed will provide more opportunities in the fast-growing Blockchain industry. Decentralized digital assets are still relatively new and will change the process of how people and businesses interact. There is a bright future ahead of us in this sector,” continued M. Perroulaz.
The company will capitalize on this momentum and continue to make progress towards achieving major milestones, including securing a streaming and royalty agreement with a North American Bitcoin miner and launching its own validator node on the network. Avalanche.
Antony Turner, Chief Operating Officer, said: “We look forward to public disclosure as global markets and the ecosphere begin their recovery. We are confident that the crypto market has bottomed out and we are optimistic about reaching new highs over the next 12 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. United States or to, or on behalf of or for the benefit of U.S. persons absent from registration or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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 rapidly growing environment through recurring cash flow and capital appreciation.
Spirit offers investors direct exposure to the sector, without the technical complexity or constraints 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 over the medium to long term.
The Company’s strategy focuses on four complementary business units:
Royalties & Streams by lending capital to participants in the blockchain ecosystem, where repayment of notional and interest takes place in the form of crypto assets;
Consulting and research services;
Cash management by investing in major crypto assets with cold storage in Switzerland; and
Providing IT solutions to the industry in the areas of compliance, anti-money laundering, forensics and risk reporting.
For more information, please contact:
Erich Perroulaz, Founder & CEO
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. Use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “goal”, “may”, “will”, “project”, “should”, “believe “, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. 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, undue reliance should not be placed on forward-looking statements and information as the Company cannot give any assurance that they will prove to be correct. . Because forward-looking statements and information relate to future events and conditions, they, by their very nature, involve inherent risks and uncertainties. Forward-looking information contained in this press release includes, among other things: the listing of the Company’s securities on the CSE and the proposed listing schedule; Spirit’s ability to raise capital, form partnerships and execute its broader business strategy; the potential streaming and royalty transaction with a North American Bitcoin miner; the Company launching its own Validator Node on the Avalanche Network; crypto market price commentary; and the success and long-term trajectory of blockchain and the crypto industry more generally. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Factors that could materially 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 any forward-looking information except as required by applicable law. This 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. Accordingly, readers are cautioned not to place undue reliance on any forward-looking statements or information.
The CSE has not reviewed, approved or disapproved of the contents of this press release.