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BlockchainK2 ( (TSE:BITK) ) has issued an announcement.
BlockchainK2 Corp. has announced a proposed debt settlement plan to address outstanding indebtedness amounting to $317,098.37 by issuing 5,765,425 common shares at $0.055 per share. This transaction includes a related party component, with 3,191,923 shares being issued to related parties, and is subject to TSX Venture Exchange approval. The company is utilizing exemptions from certain regulatory requirements due to the transaction’s value being below 25% of its market capitalization.
More about BlockchainK2
BlockchainK2 Corp. operates in the blockchain industry and is listed on the TSX Venture Exchange under the symbol BITK. The company focuses on leveraging blockchain technology to provide innovative solutions and services.
YTD Price Performance: -33.33%
Average Trading Volume: 57,660
Technical Sentiment Signal: Sell
Current Market Cap: C$2.03M
For a thorough assessment of BITK stock, go to TipRanks’ Stock Analysis page.