Canadian-listed company Belgravia Hartford Capital raises CAD 10 million in private placement, with all proceeds to be used for Bitcoin purchases

Foresight News reports that Canadian listed company Belgravia Hartford Capital has announced a C$10 million private placement with 100% of reserves allocated to Bitcoin. The company will issue up to 40 million units through a non-brokered private placement, at a price of C$0.25 per unit, for a total value of up to C$10 million.

Each unit consists of one common share of the company and one-half of a common share purchase warrant (each whole warrant, referred to as a "warrant"). Each warrant entitles the holder to purchase one additional common share at an exercise price of C$0.50 per share. The company stated that all proceeds from this offering will be exclusively used to purchase Bitcoin.