On June 15, 2023, Ether Capital Corporation (“Ether Capital” or “the Company”) announced that it had received regulatory approval to commence a Normal Course Issuer Bid (“NCIB”). The Company also announced its intention to purchase up to 2,566,662 of its common shares, representing 7.5% of its total issued and outstanding common shares. On June 29, 2023, Ether Capital entered into an agreement with a Canadian dealer for an Automated Securities Purchase Plan. Such agreement will permit the Canadian dealer to purchase the Company’s shares on pre-arranged terms during periods that the Company adheres to a trading blackout for its employees.
Trading blackout periods commence on the first day of a fiscal quarter, such as July 1, 2023 and end two business days after the Company announces its quarterly or annual financial results.
About Ether Capital Corporation
Ether Capital (NEO: ETHC) is a public company that invests its balance sheet in Ethereum’s native utility token “Ether” as a core strategic asset while generating yield through staking the majority of its Ether balance with the primary goal of being a net-accumulator of Ether. It develops unique intellectual property in its pursuit to maximize profits and optimize total return from staking. Ether Capital’s management team and Board of Directors is composed of crypto natives, leading venture capitalists and traditional finance experts, which uniquely positions the company to identify and capitalize on opportunities in the digital asset ecosystem. For more information, visit http://ethcap.co.
The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement, or public offering of securities. No securities commission or similar regulatory authority has reviewed this document and any representation to the contrary is an offence. Information in this press release is current only as of the date provided and Ether Capital is under no obligation to update this information, other than in accordance with applicable securities laws.
Forward-Looking Information
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. The Company cautions the reader not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Generally, but not always, forward-looking information can be identified by the use of forward-looking terminology such as “targeting”, “projected”, “plans,” “expects” or “does not expect,” “is expected,” “budget,” “scheduled,” “estimates,” “forecasts,” “intends,” “on pace,” “anticipates,” or “does not anticipate,” “believes,” and similar expressions or state that certain actions, events or results “may,” “could,” “would,” “should,” “might,” or “will” be taken, occur or be achieved.
Forward-looking statements are based on information available to management at the time they are made, management’s current plans, estimates, assumptions, judgments and expectations, including management’s expectations about its ability to implement anticipated cost reductions as a result of the anticipated reduction of workforce and related expenses, anticipated reduction in spending related to marketing, business development and professional services, and changes made to internalize staking costs and related implementation costs, and its ability to implement such cost reductions within its expected timeframe. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, shareholder returns, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to the overall macroeconomic environment and specifically the digital asset market, including volatility in the price of Ether; potential fluctuations and declines in the yield generated from staking Ether; potential fluctuations in consulting fee revenue which is linked to the future price of Bitcoin and Ether; differences between the projected and actual costs of staking Ether; the ability to achieve anticipated cost savings due to unforeseen events; the ability to achieve desired outcomes in executing the NCIB program; as well as the risk factors discussed in the Company’s Annual Information Form dated March 23, 2023, the Risk Factors section in its most recently filed Management Discussion and Analysis and its other filings available online at www.sedar.com. Although the forward-looking information contained in this press release is based on assumptions that the Company believes to be reasonable at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. In addition, the Company cautions the reader that information provided in this press release is provided to give context to the nature of some of the Company’s future plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking information, except in accordance with applicable securities laws.
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