Belgravia Hartford's Wholly-Owned Subsidiary NodeVest IO Inc. Increases Investment in Sui Coin & Announces Addition of Robert De Jaray as Advisor & Consultant
Belgravia Hartford Capital (CSE: BLGV, OTC: BLGVF) has announced two significant developments. First, Robert De Jaray, VP and Head of Sales & Trading at Coinsquare Capital Markets , has joined NodeVest IO Inc. (Belgravia's wholly-owned subsidiary) as a consultant and advisor. Second, the company has increased its investment in Sui Blockchain by USD$50,000, representing a 50% increase in its existing stake.
The investment is managed by NodeVest through an exclusive partnership with Karrier One, Inc., Canada's only Sui staking infrastructure. Additionally, the company has agreed to settle $1,135,500 in short-term debt through the issuance of 7,570,000 common share purchase warrants, exercisable at $0.15 per share for up to one year.
Belgravia Hartford Capital (CSE: BLGV, OTC: BLGVF) ha annunciato due sviluppi significativi. In primo luogo, Robert De Jaray, VP e Responsabile delle Vendite e del Trading di Coinsquare Capital Markets, è entrato a far parte di NodeVest IO Inc. (sussidiaria interamente controllata di Belgravia) come consulente e advisor. In secondo luogo, l'azienda ha aumentato il proprio investimento in Sui Blockchain di 50.000 USD, rappresentando un incremento del 50% della propria partecipazione esistente.
L'investimento è gestito da NodeVest attraverso una partnership esclusiva con Karrier One, Inc., l'unica infrastruttura di staking Sui in Canada. Inoltre, l'azienda ha concordato di liquidare 1.135.500 dollari in debito a breve termine tramite l'emissione di 7.570.000 warrant per l'acquisto di azioni ordinarie, esercitabili a 0,15 dollari per azione per un massimo di un anno.
Belgravia Hartford Capital (CSE: BLGV, OTC: BLGVF) ha anunciado dos desarrollos significativos. Primero, Robert De Jaray, VP y Jefe de Ventas y Trading en Coinsquare Capital Markets, se ha unido a NodeVest IO Inc. (subsidiaria de propiedad total de Belgravia) como consultor y asesor. En segundo lugar, la empresa ha aumentado su inversión en Sui Blockchain en 50,000 USD, lo que representa un aumento del 50% en su participación existente.
La inversión es gestionada por NodeVest a través de una asociación exclusiva con Karrier One, Inc., la única infraestructura de staking Sui en Canadá. Además, la empresa ha acordado saldar $1,135,500 en deuda a corto plazo mediante la emisión de 7,570,000 warrants para la compra de acciones ordinarias, que se pueden ejercer a $0.15 por acción durante un año como máximo.
벨그라비아 하트포드 캐피탈 (CSE: BLGV, OTC: BLGVF)는 두 가지 중요한 발전을 발표했습니다. 첫째, 로버트 드 자레이가 코인스퀘어 캐피탈 마켓의 영업 및 거래 담당 부사장으로서 NodeVest IO Inc. (벨그라비아의 전액 출자 자회사)에 컨설턴트이자 고문으로 합류했습니다. 둘째, 회사는 Sui 블록체인에 대한 투자를 50,000 USD 증가시켜 기존 지분의 50% 증가를 나타냅니다.
이 투자는 NodeVest가 캐나다 유일의 Sui 스테이킹 인프라인 Karrier One, Inc.와 독점 파트너십을 통해 관리합니다. 또한, 회사는 $1,135,500의 단기 부채를 0.15달러의 발행 가격으로 7,570,000주 일반주식 구매 청구권 발행을 통해 정산하기로 합의했습니다.
Belgravia Hartford Capital (CSE: BLGV, OTC: BLGVF) a annoncé deux développements significatifs. Premièrement, Robert De Jaray, VP et Responsable des Ventes et du Trading chez Coinsquare Capital Markets, a rejoint NodeVest IO Inc. (filiale entièrement détenue de Belgravia) en tant que consultant et conseiller. Deuxièmement, la société a augmenté son investissement dans Sui Blockchain de 50 000 USD, représentant une augmentation de 50 % de sa participation existante.
L'investissement est géré par NodeVest grâce à un partenariat exclusif avec Karrier One, Inc., la seule infrastructure de staking Sui au Canada. De plus, la société a convenu de régler 1 135 500 $ de dettes à court terme par l'émission de 7 570 000 bons de souscription d'actions ordinaires, pouvant être exercés à 0,15 $ l'action pendant une durée maximale d'un an.
Belgravia Hartford Capital (CSE: BLGV, OTC: BLGVF) hat zwei bedeutende Entwicklungen bekannt gegeben. Erstens ist Robert De Jaray, VP und Leiter Sales & Trading bei Coinsquare Capital Markets, als Berater und Ratgeber zu NodeVest IO Inc. (vollständige Tochtergesellschaft von Belgravia) gestoßen. Zweitens hat das Unternehmen seine Investition in Sui Blockchain um 50.000 USD erhöht, was eine Steigerung von 50% seiner bestehenden Beteiligung bedeutet.
Die Investition wird von NodeVest über eine exklusive Partnerschaft mit Karrier One, Inc., der einzigen Sui-Staking-Infrastruktur in Kanada, verwaltet. Darüber hinaus hat das Unternehmen zugestimmt, 1.135.500 USD an kurzfristigen Schulden durch die Emission von 7.570.000 Kaufwarrants für Stammaktien zu tilgen, die innerhalb eines Jahres zu einem Preis von 0,15 USD pro Aktie ausgeübt werden können.
- Strategic addition of experienced crypto executive Robert De Jaray as advisor
- 50% increase in Sui Blockchain investment with USD$50,000 additional stake
- Debt reduction of $1,135,500 through warrant issuance, improving balance sheet
- Potential future dilution if warrants are exercised at $0.15 per share
Toronto, Ontario--(Newsfile Corp. - January 20, 2025) - BELGRAVIA HARTFORD CAPITAL INC. (CSE: BLGV) (OTC Pink: BLGVF) ("Company" or "Belgravia") is pleased to announce the addition of Robert De Jaray as a consultant and advisor to NodeVest IO Inc. ("NodeVest"), a wholly-owned subsidiary of Belgravia. Mr De Jaray is currently the VP, Head of Sales & Trading at, CIRO-regulated, Coinsquare Capital Markets Ltd. Also, Mr De Jaray's most frequent guest contribution was at The Toronto Money Show®.
Along with Dr. Cook, Mr. De Jaray brings experience to NodeVest, assisting NodeVest in relation to navigating crypto market trends and strategic insight and leadership.
Dr. Cook stated: "We are very happy to welcome Rob, as true 'bench-strength' is key to a strong and consistent staking strategy. Rob has proven himself over the years building relationships, managing teams and systems for maximum efficiency to create value."
Increase Investment in Sui Coin
The Company is also pleased to announce a
Dr. Victor Cook, CTO and President of NodeVest stated: "We are very pleased with our initial investment in Sui and are looking to increase this position as we move into what we feel is a new crypto-friendly regulatory environment."
Dr. Cook continued: "NodeVest has chosen Sui as our first staking choice because Sui has succeeded in solving a critical blockchain engineering challenge: mempool optimization. By setting reliable communication between nodes, all Sui block builders see the same pending transactions. Along with reliability, Sui nodes are high throughput. Therefore transactions can be processed fairly and without delay, in contrast to chains that use hidden sequencers or negotiate with separate block builders."
"My peer-reviewed work on blockchain mempools goes back to 2018 and I believe Sui is an engineering marvel."
Above-Market Debt Settlement
Subject to regulatory approval, the Company and certain arm's length and non-arm's length parties have agreed to settle some certain short-term debt and current liabilities in the aggregate amount of
Mehdi Azodi, CEO of the Company stated: "We have determined the issuance of the Warrants for debt is in the best interests of Belgravia and its shareholders as any exercise of Warrants, and resulting issuance of common shares, will only be effected following: (i) a significant increase in share value; combined with (ii) a potential
All securities issued under the debt settlement will be subject to a hold period expiring four months and one day from their date of issuance.
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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.
Neither CSE nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.
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.
Neither CSE nor its Regulation Services accepts responsibility for the adequacy or accuracy of this 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 structure of the Investment, anticipated risk mitigation strategies, Mr. Cook's planned appearance on TraderTV, 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
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237824
FAQ
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