The BC Bud Co Announces a Private Placement, the Purchase of XRP and a Market-Making Agreement with Red Cloud Securities
The BC Bud (BCBCF) has announced multiple strategic initiatives. The company is launching a non-brokered private placement aiming to raise up to $1,000,000 through the sale of 13,333,333 units at $0.075 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.15 per share for 24 months.
The company has also begun accumulating XRP cryptocurrency through a Coinsquare account using its cash reserves. Additionally, BCBCF has engaged Red Cloud Securities Inc. for market-making services starting January 15th, 2025, at a monthly fee of $5,000. The agreement aims to maintain reasonable bid-offer spreads and improve share liquidity on the Canadian Securities Exchange.
BC Bud (BCBCF) ha annunciato numerose iniziative strategiche. L'azienda sta lanciando un collocamento privato non intermedia che mira a raccogliere fino a 1.000.000 dollari tramite la vendita di 13.333.333 unità a 0,075 dollari ciascuna. Ogni unità comprende una azione comune e un warrant, con warrants esercitabili a 0,15 dollari per azione per 24 mesi.
L'azienda ha anche iniziato ad accumulare criptovaluta XRP tramite un conto su Coinsquare utilizzando le proprie riserve di cassa. Inoltre, BCBCF ha ingaggiato Red Cloud Securities Inc. per servizi di market-making a partire dal 15 gennaio 2025, per una tariffa mensile di 5.000 dollari. L'accordo mira a mantenere spread di offerta e domanda ragionevoli e migliorare la liquidità delle azioni nella Borsa valori canadese.
BC Bud (BCBCF) ha anunciado múltiples iniciativas estratégicas. La empresa está lanzando una colocación privada no intermediada que busca recaudar hasta 1,000,000 de dólares a través de la venta de 13,333,333 unidades a 0.075 dólares por unidad. Cada unidad incluye una acción ordinaria y una opción, con opciones ejercitables a 0.15 dólares por acción durante 24 meses.
La empresa también ha comenzado a acumular criptomoneda XRP a través de una cuenta de Coinsquare utilizando sus reservas de efectivo. Además, BCBCF ha contratado a Red Cloud Securities Inc. para servicios de formador de mercado a partir del 15 de enero de 2025, con una tarifa mensual de 5,000 dólares. El acuerdo tiene como objetivo mantener márgenes de oferta y demanda razonables y mejorar la liquidez de las acciones en la Bolsa de Valores de Canadá.
BC Bud (BCBCF)는 여러 전략적 이니셔티브를 발표했습니다. 이 회사는 0.075달러에 13,333,333개의 유닛 판매를 통해 최대 1,000,000달러를 모으려는 비중개 사모 펀드를 출시하고 있습니다. 각 유닛은 하나의 보통주와 하나의 워런트를 포함하며, 워런트는 24개월 동안 주당 0.15달러에 실행할 수 있습니다.
회사는 또한 현금 준비금을 사용하여 Coinsquare 계좌를 통해 XRP 암호화폐를 축적하기 시작했습니다. 게다가, BCBCF는 2025년 1월 15일부터 월 5,000달러의 수수료로 Red Cloud Securities Inc.와 시장 조성 서비스 계약을 체결했습니다. 이 계약은 합리적인 매수-매도 스프레드를 유지하고 캐나다 증권 거래소에서 주식 유동성을 개선하는 것을 목표로 합니다.
BC Bud (BCBCF) a annoncé plusieurs initiatives stratégiques. L'entreprise lance un placement privé non intermédié visant à lever jusqu'à 1.000.000 $ par la vente de 13.333.333 unités à 0,075 $ l'unité. Chaque unité comprend une action ordinaire et un bon de souscription, ces derniers étant souscrits à 0,15 $ par action pendant 24 mois.
L'entreprise a également commencé à accumuler des cryptomonnaies XRP via un compte Coinsquare en utilisant ses réserves de trésorerie. De plus, BCBCF a engagé Red Cloud Securities Inc. pour des services de création de marché à partir du 15 janvier 2025, moyennant des frais mensuels de 5.000 $. L'accord vise à maintenir des spreads acheteur-vendeur raisonnables et à améliorer la liquidité des actions sur la Bourse canadienne.
BC Bud (BCBCF) hat mehrere strategische Initiativen angekündigt. Das Unternehmen startet eine nicht vermittelte Privatplatzierung, die darauf abzielt, bis zu 1.000.000 USD durch den Verkauf von 13.333.333 Einheiten zu einem Preis von 0,075 USD pro Einheit zu beschaffen. Jede Einheit enthält eine Stammaktie und ein Warrant, wobei die Warrants für 24 Monate zu 0,15 USD pro Aktie ausgeübt werden können.
Das Unternehmen hat auch begonnen, XRP-Kryptowährung über ein Coinsquare-Konto mit seinen Barreserven zu akkumulieren. Darüber hinaus hat BCBCF Red Cloud Securities Inc. mit Markt-Making-Dienstleistungen ab dem 15. Januar 2025 beauftragt, gegen eine monatliche Gebühr von 5.000 USD. Ziel der Vereinbarung ist es, angemessene Geld-Brief-Spannen aufrechtzuerhalten und die Liquidität von Aktien an der kanadischen Börse zu verbessern.
- Raising up to $1,000,000 through private placement to strengthen cash position
- Market making agreement with Red Cloud Securities to improve stock liquidity
- Dilutive effect of private placement on existing shareholders
- Using cash reserves to invest in volatile cryptocurrency assets (XRP)
- Additional monthly expenses of $5,000 for market-making services
Vancouver, British Columbia--(Newsfile Corp. - January 9, 2025) - The BC Bud Corporation (CSE: BCBC) (OTC Pink: BCBCF) (FSE: W04) ("The BC Bud Co" or the "Company"), announces a proposed non-brokered private placement (the "Placement") to raise up to
Each Unit will be comprised of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at a price of
No finder's fees are expected to be paid on any portion of the Placement.
The Company expects to use the net proceeds of the Placement for general and administrative purposes and the Placement is expected to close in around January 24th, 2025.
Additionally, further to the news release dated December 3, 2024, the Company is pleased to announce that it has opened an account with Coinsquare and has been starting to accumulate XRP with its cash reserves.
Engagement of Market Maker
The Company is also pleased to announce that it has entered into a market stabilization and liquidity services agreement (the "Agreement") with Red Cloud Securities Inc. ("RCSI") to provide market-making services in accordance with the policies of the Canadian Securities Exchange ("CSE"). RCSI will trade the Company's shares on the CSE for the purposes of maintaining reasonable bid and offer spreads and improving the liquidity of the Company's shares (the "Services"). RCSI will begin providing the Services on January 15th, 2025, and will continue to provide the Services on a monthly basis for a cash fee of
RCSI will not receive shares or options as compensation for its services, however RCSI or its clients may have or may acquire a direct interest in the securities of the Company. The Company and RCSI are unrelated and unaffiliated entities. RCSI is a member of the Canadian Investment Regulatory Organization (CIRO) and can access all Canadian stock exchanges and alternative trading systems.
RCSI has a business address at 120 Adelaide Street West, Suite 1400, Toronto, ON M5H 1T1 and can be reached by email at info@redcloudsecurities.com.
About The BC Bud Co.
The B.C. Bud Co. is a house of brands created by industry professionals who are passionate about the user experience.
On behalf of the board of directors of The BC Bud Co.
Brayden Sutton
Chief Executive Officer and Director
Investor Relations
Phone: 1-(778)-656-0377
Email: info@thebcbc.com
Web: www.thebcbc.com
Disclaimer
Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the completion of the Placement, the terms of the Placement, that no finder's fees are expected to be paid on the Placement, the anticipated use of the net proceeds of the Placement and the expected closing date for the Placement. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.
In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company will complete the Placement on the terms and conditions expected, that the Company will receive the required corporate approvals for the Placement, that the Company will use the net proceeds of the Placement as currently anticipated, that no finder's fees will be paid in connection with the Placement, and that the Placement will close within the time frame expected.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that the Company will not receive the required corporate approvals for the completion of the Placement, that the Company will fail to complete the Placement on the terms disclosed, or at all, that the Company will not use the net proceeds of the Placement as currently anticipated, that the Company will be required to pay finder's fees in connection with the closing of the Placement, and that the Placement will not close within the time frame expected.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236644
FAQ
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