Blockmate Ventures Announces Closing of Strategic Investment and Incentive Grant - Blockmate Ventures (OTC:MATEF)
Summary
TORONTO, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc. (TSX.V: MATE) MATEF 8MH ("Blockmate" or the "Company") is pleased to announce that it has closed its strategic investment (the "Offering") involving a group of strategic investors led by Antanas Guoga (Tony G) for gross proceeds of $1,400,000.This strategic funding supports Blockmates pursuit of industry leadership in blockchain innovation and underscores our commitment to sustainable and transformative technology.In connection with completion of the Offering, the Company has issued 14,000,000 units (each, a "Unit") at a price of $0.10 per Unit. No finders fees or commissions were paid by the Company in connection with completion of the Offering.The Company also announces that it has granted 5,275,000 incentive stock options (the "Options"), 1,200,000 restricted share units (the "RSUs") and 5,000,000 deferred share units (the "DSUs") in accordance with its omnibus incentive plan (the "Incentive Plan") adopted by shareholders at the annual general and special meeting held on November 23, 2023.625,000 of the Options vest immediately and are exercisable at a price of $0.21 for a period of thirty-six months. Carosa has acquired the securities for investment purposes and in connection with his compensation as a director of the Company and, as disclosed in the accompanying Early Warning Report, may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.A copy of the Early Warning Report filed with the applicable securities regulators regarding the above acquisition will be available under the profile for the Company on SEDAR+ (www.sedarplus.ca).About Blockmate Ventures Inc.Blockmate is a venture creator focussing on building fast-growing technology businesses relating to cutting edge sectors such as blockchain and renewable energy. Learn more about being a Blockmate at: .Blockmate welcomes investors to join the Companys mailing list for the latest updates and industry research by subscribing at .ON BEHALF OF THE BOARD OF DIRECTORSNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this releaseForward-Looking InformationThis news release contains "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws.