Belgravia Hartford Announces Proposed Private Placement and Corporate Changes
Belgravia Hartford Capital (CSE: BLGV) has announced a non-brokered private placement offering to raise up to $500,000 through the issuance of up to 16,666,666 units at $0.03 per unit. Each unit includes one common share and half a warrant, with each full warrant allowing purchase of one additional share at $0.08 within 12 months.
The company will use proceeds for working capital and administrative expenses, with potential finder's fees of up to 6%. The offering is expected to close around December 12, 2024, subject to regulatory approvals.
Additionally, the company announced Andy Le as new CFO, replacing Paul Kania, and appointed Jaclyn M. Rosenthal to the Advisory Board as Director of Media Relations & Corporate Affairs to support their focus on innovative growth sectors.
Belgravia Hartford Capital (CSE: BLGV) ha annunciato un'offerta di collocamento privato non intermediato per raccogliere fino a $500.000 attraverso l'emissione di fino a 16.666.666 unità a $0,03 per unità. Ogni unità include una azione comune e metà di un warrant, con ogni warrant intero che consente l'acquisto di un'ulteriore azione a $0,08 entro 12 mesi.
L'azienda utilizzerà i proventi per il capitale circolante e le spese amministrative, con potenziali commissioni per i trovatori fino al 6%. Si prevede che l'offerta si chiuda intorno al 12 dicembre 2024, soggetta ad approvazioni regolatorie.
Inoltre, la società ha annunciato Andy Le come nuovo CFO, sostituendo Paul Kania, e ha nominato Jaclyn M. Rosenthal nel Consiglio Consultivo come Direttore delle Relazioni Media e Affari Aziendali per supportare il loro focus sui settori di crescita innovativa.
Belgravia Hartford Capital (CSE: BLGV) ha anunciado una oferta de colocación privada no intermediada para recaudar hasta $500,000 mediante la emisión de hasta 16,666,666 unidades a $0.03 por unidad. Cada unidad incluye una acción común y medio warrant, con cada warrant completo que permite la compra de una acción adicional a $0.08 dentro de 12 meses.
La empresa utilizará los ingresos para capital de trabajo y gastos administrativos, con posibles honorarios de intermediarios de hasta el 6%. Se espera que la oferta cierre alrededor del 12 de diciembre de 2024, sujeta a aprobaciones regulatorias.
Adicionalmente, la empresa anunció a Andy Le como nuevo CFO, reemplazando a Paul Kania, y nombró a Jaclyn M. Rosenthal en la Junta Asesora como Directora de Relaciones Mediáticas y Asuntos Corporativos para apoyar su enfoque en sectores de crecimiento innovador.
벨그라비아 하트포드 캐피탈 (CSE: BLGV)는 중개인 없는 사모 배급 공모를 통해 최대 $500,000을 조달하기 위한 제안을 발표했습니다. 최대 16,666,666 단위를 단가 $0.03에 발행할 예정입니다. 각 단위는 하나의 보통주와 반 개의 워런트를 포함하며, 각 전체 워런트는 12개월 이내에 $0.08에 추가 주식을 구매할 수 있게 합니다.
회사는 수익금을 운영 자본과 관리 비용에 사용할 것이며, 최대 6%의 중개 수수료가 발생할 수 있습니다. 이 공모는 2024년 12월 12일경에 마감될 것으로 예상되며, 규제 승인이 필요합니다.
또한, 회사는 Andy Le를 새로운 CFO로 임명하며 Paul Kania를 대체하고, Jaclyn M. Rosenthal을 미디어 관계 및 기업 업무 책임자로 자문위원회에 임명하여 혁신 성장 분야에 대한 집중을 지원합니다.
Belgravia Hartford Capital (CSE: BLGV) a annoncé une offre de placement privé non rémunéré pour lever jusqu'à 500 000 $ par l'émission de jusqu'à 16 666 666 unités à 0,03 $ par unité. Chaque unité comprend une action ordinaire et la moitié d'un bon de souscription, chaque bon de souscription complet permettant d'acheter une action supplémentaire à 0,08 $ dans les 12 mois.
La société utilisera les recettes pour le fonds de roulement et les dépenses administratives, avec des frais de courtage potentiels pouvant atteindre 6 %. On s'attend à ce que l'offre se termine autour du 12 décembre 2024, sous réserve des approbations réglementaires.
De plus, la société a annoncé la nomination de Andy Le en tant que nouveau CFO, remplaçant Paul Kania, et a nommé Jaclyn M. Rosenthal au conseil consultatif en tant que Directrice des relations avec les médias et des affaires d'entreprise pour soutenir leur attention sur les secteurs de croissance innovants.
Belgravia Hartford Capital (CSE: BLGV) hat ein nicht vermittelte Privatplatzierung angekündigt, um bis zu 500.000 $ durch die Ausgabe von bis zu 16.666.666 Einheiten zu einem Preis von 0,03 $ pro Einheit zu beschaffen. Jede Einheit umfasst eine Stammaktie und ein halbes Warrant, wobei jedes volle Warrant den Kauf einer zusätzlichen Aktie zu einem Preis von 0,08 $ innerhalb von 12 Monaten ermöglicht.
Das Unternehmen wird die Einnahmen für Betriebskapital und Verwaltungsausgaben verwenden, wobei eine mögliche Findergebühr von bis zu 6% anfallen kann. Es wird erwartet, dass das Angebot voraussichtlich um den 12. Dezember 2024 abgeschlossen wird, vorbehaltlich regulatorischer Genehmigungen.
Zudem gab das Unternehmen die Ernennung von Andy Le zum neuen CFO bekannt, der Paul Kania ersetzt, und bestellte Jaclyn M. Rosenthal in den Beratungsausschuss als Direktorin für Medienbeziehungen und Unternehmensangelegenheiten zur Unterstützung ihres Fokus auf innovative Wachstumssektoren.
- Raising up to $500,000 in new capital for working capital purposes
- Strategic appointment of experienced internal CFO with company knowledge since 2017
- Addition of new Advisory Board member with tech-finance sector connections
- Potential shareholder dilution through issuance of up to 16,666,666 new units
- Low unit pricing at $0.03 indicates possible undervaluation
- Additional dilution possible through warrant exercise at $0.08
Toronto, Ontario--(Newsfile Corp. - December 4, 2024) - BELGRAVIA HARTFORD CAPITAL INC. (CSE: BLGV) ("Belgravia Hartford" or the "Company"), is pleased to announce its intention to complete a non-brokered private placement of units of the Company (the "Units") for aggregate gross proceeds of up to
The Offering will consist of up to 16,666,666 Units. Each Unit will be priced at
The proceeds from the Offering will be used for general working capital purposes and general and administrative expenses.
The Company may pay cash finder's fees in connection with the Offering to certain qualified arm's-length finders of up to
The Offering is expected to close on or about December 12, 2024, or on any other date or dates as the Company may determine. Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all required regulatory approvals including the approval of the Canadian Securities Exchange (the "CSE"). The securities issued under the Offering will be subject to a statutory hold period of four months and one day following the date of issuance.
The Company also annouces that Andy Le has been appointed as Chief Financial Officer effective December 4, 2024. Mr. Le, is a Chartered Professional Accountant and has been with the Company since 2017 as CFO of Belgravia Hartford Estates Corp., a subsidiary of Belgravia Hartford in the United States. This follows the resignation of Paul Kania as Chief Financial Officer. The board of directors of Belgravia thank Mr. Kania for his dedicated service and are pleased to confirm his continued support as a seasoned strategic advisor to the Company.
Belgravia has also appointed Ms. Jaclyn M. Rosenthal to the Advisory Board and as Director of Media Relations & Corporate Affairs. Ms. Rosenthal's significant rolodex in the tech-finance sector will be a key driver of the Company's new marketing strategy.
Mehdi Azodi, President & CEO stated "as set out in our August 15 press release, Belgravia is focusing on innovate growth sectors and investigating current macro trends, for focused investment and monetization. The addition of Mr. Le as CFO is a great step forward due to his deep knowledge of the tech and finance sectors as well as his experience with the historical events and structure of the Company. The addition of Ms. Rosenthal with her caliber and experience to join Belgravia at this junction is an exciting shift.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the "United States" or to "U.S. persons" (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About Belgravia Hartford
Belgravia Hartford Capital Inc. is an investment issuer, listed for trading on the Canadian Securities Exchange, focused on the tech and finance sectors of the worldwide economy. The Company's focus, as set out in its 2018 Investment Policy, specifies cryptocurrencies, artificial intelligence, media and digital streaming opportunities. Belgravia invests in a portfolio of private and public companies located in jurisdictions governed by the rule of law. It takes a multi-sector investment approach with emphasis in the resources and commodities sector. Belgravia and its investments are considered high risk holdings and it may expose shareholders to significant volatility and losses.
For more information, please visit www.belgraviahartford.com
The CSE has not reviewed, approved or disapproved the content of this news release.
Forward-Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking statements include, without limitation, statements regarding the timing for completion of the Offering, the anticipated use of proceeds of the Offering, and other statements that are not historical facts. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, changes in market trends, the completion, results and timing of research undertaken by the Company, risks associated with resource assets, the impact of general economic conditions, commodity prices, industry conditions, dependence upon regulatory, environmental, and governmental approvals, and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
For More Information, Please Contact:
Mehdi Azodi, President & CEO
Belgravia Hartford Capital Inc.
(416) 779-3268
mazodi@blgv.ca
Not for distribution to U.S. newswire services or dissemination in the United States.
All dollar amounts are in Canadian dollars unless otherwise indicated.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/232456
FAQ
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