Spirit Blockchain Capital Inc. Announces Shares for Services Issuance and Provides Technology Commercialization Update
Spirit Blockchain Capital approved the issuance of 4,300,300 common shares at a deemed price of $0.05 per share to settle approximately $215,015 in outstanding service liabilities. The issuance includes 600,000 shares to a non-arm's-length party and 3,700,300 shares to arm's-length contractors, strengthening the balance sheet by reducing current liabilities without cash outlay.
Key figures
- Offering Price
- 0.05
- Shares Offered
- 4300300
- Settlement value
- 215015
- Arm length shares
- 3700300
- Related party shares
- 600000
AI analysis
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