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BlockchainK2 ( (TSE:BITK) ) has issued an announcement.
BlockchainK2 Corp. has announced a proposed debt settlement involving the issuance of 4,857,142 common shares at $0.07 per share to settle $340,000 of outstanding debt. This transaction includes a related party component, but the company is exempt from certain regulatory requirements due to the transaction’s size relative to its market capitalization. The completion of this settlement is contingent upon approval from the TSX Venture Exchange.
More about BlockchainK2
BlockchainK2 Corp. operates in the blockchain industry, focusing on leveraging blockchain technology to provide innovative solutions and services. The company is publicly traded on the TSX Venture Exchange under the symbol BITK, and also listed on OTCQB and FSE.
Average Trading Volume: 58,342
Technical Sentiment Signal: Sell
Current Market Cap: C$2.33M
For detailed information about BITK stock, go to TipRanks’ Stock Analysis page.