Blockmate Ventures Announces Closing of Strategic Investment and Incentive Grant
Blockmate Ventures (TSX.V: MATE) (OTCQB: MATEF) has completed a strategic investment of $1.4 million, led by Antanas Guoga (Tony G). The company issued 14 million units at $0.10 per unit, with each unit comprising one common share and one warrant exercisable at $0.50 until December 2027.
The company has also granted 5,275,000 stock options, 1,200,000 restricted share units (RSUs), and 5,000,000 deferred share units (DSUs) under its incentive plan. Some options and all DSUs exceed the current plan capacity, requiring future shareholder approval.
Director Domenic Carosa received 5 million options and 5 million DSUs, potentially increasing his control to 19.8% of outstanding shares if all securities are exercised.
Blockmate Ventures (TSX.V: MATE) (OTCQB: MATEF) ha completato un investimento strategico di 1,4 milioni di dollari, guidato da Antanas Guoga (Tony G). L'azienda ha emesso 14 milioni di unità a $0,10 per unità, con ciascuna unità composta da un'azione comune e un warrant esercitabile a $0,50 fino a dicembre 2027.
L'azienda ha anche concesso 5.275.000 opzioni stock, 1.200.000 unità azionarie ristrette (RSU) e 5.000.000 unità azionarie differite (DSU) sotto il suo piano di incentivazione. Alcune opzioni e tutte le DSU superano la capacità attuale del piano, richiedendo l'approvazione futura degli azionisti.
Il direttore Domenic Carosa ha ricevuto 5 milioni di opzioni e 5 milioni di DSU, aumentando potenzialmente il suo controllo fino al 19,8% delle azioni in circolazione, se tutti i titoli vengono esercitati.
Blockmate Ventures (TSX.V: MATE) (OTCQB: MATEF) ha completado una inversión estratégica de 1.4 millones de dólares, liderada por Antanas Guoga (Tony G). La empresa emitió 14 millones de unidades a $0.10 por unidad, con cada unidad compuesta por una acción común y una garantía ejercitable a $0.50 hasta diciembre de 2027.
La empresa también ha otorgado 5,275,000 opciones sobre acciones, 1,200,000 unidades de acciones restringidas (RSU) y 5,000,000 unidades de acciones diferidas (DSU) bajo su plan de incentivos. Algunas opciones y todas las DSU superan la capacidad actual del plan, requiriendo la aprobación futura de los accionistas.
El director Domenic Carosa recibió 5 millones de opciones y 5 millones de DSU, aumentando potencialmente su control hasta el 19.8% de las acciones en circulación si se ejercen todos los valores.
Blockmate Ventures (TSX.V: MATE) (OTCQB: MATEF)는 140만 달러의 전략적 투자를 완료했으며, 이는 Antanas Guoga (Tony G)가 주도하였습니다. 회사는 유닛당 0.10달러에 1,400만 유닛을 발행하였고, 각 유닛은 하나의 보통주와 2027년 12월까지 0.50달러에 행사 가능한 하나의 워런트로 구성되어 있습니다.
회사는 또 5,275,000주의 스톡옵션, 1,200,000개의 제한주식단위(RSU), 5,000,000개의 유보주식단위(DSU)를 인센티브 계획에 따라 부여했습니다. 일부 옵션과 모든 DSU는 현재 계획 용량을 초과하여, 향후 주주 승인이 필요합니다.
이사 Domenic Carosa는 500만 개의 옵션과 500만 개의 DSU를 받았으며, 모든 증권이 행사될 경우 그의 지배력이 유통 주식의 19.8%로 증가할 수 있습니다.
Blockmate Ventures (TSX.V: MATE) (OTCQB: MATEF) a réalisé un investissement stratégique de 1,4 million de dollars, dirigé par Antanas Guoga (Tony G). La société a émis 14 millions d'unités au prix de 0,10 $ par unité, chaque unité comprenant une action ordinaire et un bon de souscription exerçable à 0,50 $ jusqu'en décembre 2027.
La société a également accordé 5.275.000 options d'achat d'actions, 1.200.000 unités d'actions restreintes (RSU) et 5.000.000 unités d'actions différées (DSU) dans le cadre de son plan d'incitation. Certaines options et toutes les DSU dépassent la capacité actuelle du plan, nécessitant une approbation future des actionnaires.
Le directeur Domenic Carosa a reçu 5 millions d'options et 5 millions de DSU, augmentant potentiellement son contrôle jusqu'à 19,8 % des actions en circulation si tous les titres sont exercés.
Blockmate Ventures (TSX.V: MATE) (OTCQB: MATEF) hat eine strategische Investition in Höhe von 1,4 Millionen Dollar abgeschlossen, angeführt von Antanas Guoga (Tony G). Das Unternehmen hat 14 Millionen Einheiten zu je 0,10 Dollar ausgegeben, wobei jede Einheit aus einer Stammaktie und einem bis Dezember 2027 ausübbaren Warrant zu 0,50 Dollar besteht.
Das Unternehmen hat außerdem 5.275.000 Aktienoptionen, 1.200.000 beschränkte Aktieneinheiten (RSUs) und 5.000.000 aufgeschobene Aktieneinheiten (DSUs) im Rahmen seines Anreizplans gewährt. Einige Optionen und alle DSUs übersteigen die aktuelle Kapazität des Plans, was die zukünftige Genehmigung der Aktionäre erforderlich macht.
Direktor Domenic Carosa erhielt 5 Millionen Optionen und 5 Millionen DSUs, wodurch sich sein Anteil potenziell auf 19,8 % der ausstehenden Aktien erhöhen könnte, wenn alle Wertpapiere ausgeübt werden.
- Secured $1.4 million in strategic investment
- Tony G voluntarily agreed to 12-month lock-up period for his 10 million units
- No finders' fees or commissions paid for the offering
- Portion of granted options and DSUs exceed incentive plan limits, requiring future shareholder approval
- Significant potential dilution from new units, options, RSUs, and DSUs
- Risk of options and DSUs cancellation if shareholders don't approve plan increase
TORONTO, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”) is pleased to announce that it has closed its strategic investment (the “Offering”) involving a group of strategic investors led by Antanas Guoga (Tony G) for gross proceeds of
This strategic funding supports Blockmate’s pursuit of industry leadership in blockchain innovation and underscores our commitment to sustainable and transformative technology.
In connection with completion of the Offering, the Company has issued 14,000,000 units (each, a “Unit”) at a price of
All securities issued in connection with the Offering are subject to statutory restrictions on resale until April 24, 2025, in accordance with applicable securities laws. In addition, Tony G has voluntarily agreed to restrict resale of the 10,000,000 Units he acquired in the Offering until December 23, 2025. No finders’ fees or commissions were paid by the Company in connection with completion of the Offering.
Incentive Grant
The Company also announces that it has granted 5,275,000 incentive stock options (the “Options”), 1,200,000 restricted share units (the “RSUs”) and 5,000,000 deferred share units (the “DSUs”) in accordance with its omnibus incentive plan (the “Incentive Plan”) adopted by shareholders at the annual general and special meeting held on November 23, 2023.
625,000 of the Options vest immediately and are exercisable at a price of
2,725,000 of the Options and all of the DSUs exceed the available room under the Incentive Plan. The Company intends to seek approval of shareholders to increase the size of the Incentive Plan at the next annual general meeting and will at that time seek ratification from shareholders for the additional Options and the DSUs. Until such time as shareholder ratification has been received, the additional Options and DSUs will not vest and will not be eligible for exercise or settlement. In the event shareholders elect not to ratify the grant, and room within the Incentive Plan is not available at the time, the additional Options and DSUs will be cancelled.
Early Warning Disclosure
In connection with the incentive grant, Domenic Carosa, a director of the Company, has been issued 5,000,000 Options and 5,000,000 DSUs. Prior to the grant, Mr. Carosa controlled 17,252,400 common shares, 1,500,000 incentive stock options, and 3,000,000 common share purchase warrants, of the Company, all of which are held by Carosa Corporation B.V., a holding company controlled by Domenic Carosa. The common shares controlled by Mr. Carosa prior to the grant represent approximately
Following the grant, Mr. Carosa has control and direction over 17,252,400 common shares, 6,500,000 Options, 3,000,000 common share purchase warrants and 5,000,000 DSUs of the Company. Assuming the exercise and conversion of all of the Options, share purchase warrants and DSUs controlled by Mr. Carosa, he would have control and direction over 31,752,400 common shares of the Company representing approximately
Mr. Carosa has acquired the securities for investment purposes and in connection with his compensation as a director of the Company and, as disclosed in the accompanying Early Warning Report, may in the future acquire or dispose of securities of the Company, through the market, privately or otherwise, as circumstances or market conditions warrant.
A copy of the Early Warning Report filed with the applicable securities regulators regarding the above acquisition will be available under the profile for the Company on SEDAR+ (www.sedarplus.ca).
About Blockmate Ventures Inc.
Blockmate is a venture creator focussing on building fast-growing technology businesses relating to cutting edge sectors such as blockchain and renewable energy. Working with prospective founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations and advice to accelerate the incubation of projects towards monetization. Recent projects include Hivello (download our free passive income app at www.hivello.com) and Sunified, digitising solar energy.
The leadership team at Blockmate have successfully founded successful tech companies from the Dotcom era through to the social media era. Learn more about being a Blockmate at: www.blockmate.com/.
Blockmate welcomes investors to join the Company’s mailing list for the latest updates and industry research by subscribing at https://www.blockmate.com/subscribe.
ON BEHALF OF THE BOARD OF DIRECTORS
Justin Rosenberg, Chief Executive Officer
Blockmate Ventures Inc.
justin@blockmate.com
(+1-580-262-6130)
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Forward-Looking Information
This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. 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. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.
FAQ
How much did Blockmate Ventures (MATEF) raise in its strategic investment?
What are the terms of MATEF's unit offering in December 2023?
How many incentive securities did MATEF grant in December 2023?
What is the lock-up period for Tony G's investment in MATEF?
What percentage could Domenic Carosa control in MATEF after exercising all securities?
