Closing of private placement TSX.V Symbol: BITK
BLOCKCHAINK2 ANNOUNCES CLOSING OF PRIVATE PLACEMENT OFFERING
Vancouver, BC/ February 6, 2024 BlockchainK2 Corp. (TSX-V: BITK) (OTCQB: BIDCF) (FSE: KRL2)
(the "Company") is pleased to announce that it has closed its non-brokered private placement offering of
5,000,000 common shares of the Company (“Common Shares”) at a price of $0.105 per Common Share
for aggregate gross proceeds of $525,000 (the “Offering”).
Insiders participated purchasing 1,809,523 shares. The Insider Participation is exempt from the formal
valuation and minority shareholder approval requirements of MI 61-101 by virtue of the exemption
contained in section 5.5(b) as the Company’s shares are not listed on a specified market and from the
minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section
5.7(a) of MI 61-101 in that the fair market value of the consideration of the securities issued to the related
parties did not exceed 25% of the Company’s market capitalization.
All Common Shares issued pursuant to the Offering are subject to a fourmonth statutory hold period.
The net proceeds of the Offering will be used for general working capital purposes.
BlockchainK2 Corp.
Sergei Stetsenko
CEO and Director
Phone: +971502806737
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Forward-looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain “forward-looking information” within the
meaning of applicable securities law. Forward-looking information is frequently characterized by words such as
“plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that
certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and
estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from those anticipated in the forward-looking
statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.
There are no assurances that the business plans for the Company as described in this news release will come into
effect on the terms or time frame described herein. The Company undertakes no obligation to update forwardlooking information if circumstances or management’s estimates or opinions should change except as required by
law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information
identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with
Canadian securities regulators, which are available at www.sedar.com