Blockchain

Codebase Ventures Inc. announces it has completed the final tranche of its non-brokered private placement . In the first tranche the Company raised proceeds of $687,000 through the sale of 13,740,000 Units. The second and final tranche the Company raised proceeds of $666,965 through the sale of 13,339,300 Units. The Company paid finders fees to qualified finders of $18,000 and issued 160,000 broker warrants in the ...

Codebase Ventures Inc. ("Codebase" or the "Company") (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) announces it has completed the final tranche of its non-brokered private placement (the "Financing"). In the first tranche the Company raised proceeds of $687,000 through the sale of 13,740,000 Units. The second and final tranche the Company raised proceeds of $666,965 through the sale of 13,339,300 Units. The Company paid finders fees to qualified finders of $18,000 and issued 160,000 broker warrants in the first tranche, and paid finders fees of $49,717.20 and issued 994,344 broker warrants on the final tranche, which are on the same terms as the warrants forming part of the units. Securities issued as a result of closing of this final tranche will be subject to a statutory hold period until April 22, 2021. The Company raised a total of $1,353,965

Pursuant to the terms of the Financing, each Unit consists of one common share in the equity of the Company and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional common share of the Company at a price of $0.075 per share for a period of two (2) years from the closing of the Financing, subject to the option of the Company to accelerate the expiry date in the event that its shares trade at $0.15 or more for 10 consecutive days.

The proceeds of the Financing will be used for general working capital and to fund future investments.

About Codebase Ventures Inc.

Codebase Ventures Inc. invests early in great ideas in sectors that have significant upside. We seek the innovators who are establishing tomorrow's standards. We invest early, supporting those innovators, helping to take their ideas to market.

For further information, please contact:

George Tsafalas - Ivy Lu
Investor Relations
Telephone: Toll-Free (877) 806-CODE (2633) or 1 (778) 806-5150
E-mail: IR@codebase.ventures

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) 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. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. 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, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. 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. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

SOURCE: Codebase Ventures Inc.



View source version on accesswire.com:
https://www.accesswire.com/621760/Codebase-Ventures-Inc-Closes-Non-Brokered-Private-Placement

News Provided by ACCESSWIRE via QuoteMedia

Banxa Announces November Record Transaction Volume of $245 Million

Banxa Announces November Record Transaction Volume of $245 Million

Highlights:

  • November Total Transaction Volume (TTV) of $245 million AUD [USD $173m]
  • Growth of 50% month-on-month
  • Year on Year increase of 642% for month of November
  • Signed 21 new partners in November
  • Currently Supports 50 coins/tokens

Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa" or "The Company"), the world's first public payment service provider (PSP) and compliance RegTech platform for the digital asset industry is pleased to announce the November 2021 TTV results are the largest ever recorded.

The business outlook remains positive, with the December quarter expected to set another record.

Banxa provides RegTech (Regulation Technology) services for cryptocurrency exchanges, DeFi platforms and digital asset wallets alongside its payment services, allowing users in the network to easily and securely convert fiat currency to cryptocurrencies and back again. With the regulatory focus squarely on the burgeoning digital asset industry in multiple jurisdictions, Banxa's service allows crypto platforms to focus on business growth. At the same time, the company brings the highest conversion rates and best experience to their users.

Holger Arians, CEO of Banxa said: "I am excited to see the result of the team's hard work over the past few months. We have increased our capacity and service levels to new heights. With a strong operational foundation, we are able to scale much more efficiently into the future. We firmly believe that we are still at the very beginning of our journey in this industry. We do see strong indicators for future growth on various fronts."

The approx FX rate between $AUD/$USD is AUD$1 = USD 0.71cents

LATEST COMPANY YOUTUBE VIDEOS

September 2021 Quarter earnings report: https://youtu.be/Ui97sAz1TUg

Keep reading... Show less
CoinAnalyst COO, Andrew Sazama, Featured on The Stock Day Podcast

CoinAnalyst COO, Andrew Sazama, Featured on The Stock Day Podcast

The Stock Day Podcast welcomed CoinAnalyst (CSE: COYX) ("the Company"), a company that provides an artificial intelligence-based big data analytics platform that enables investors in the digital asset sector and other industries detailed AI-powered analysis of market sentiment, fundamentals, and technical indicators. Chief Operating Officer and Director of the Company, Andrew Sazama, joined Stock Day host Everett Jolly.

Jolly began the interview by commenting on a recent press release detailing the Company's strategic partnership with Yieldster. "Yieldster is a fantastic partner; they are looking to use the big data and artificial intelligence pieces that we develop in our platform to help augment and improve their vault system, as well as allow us to have our own option to share copy trading."

Keep reading... Show less
Banxa Signs Top 20 Crypto Derivatives Exchange Deribit

Banxa Signs Top 20 Crypto Derivatives Exchange Deribit

Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa" or "The Company"), the world's first public payment service provider (PSP) and compliance RegTech platform for the digital asset industry, is excited to announce the launch of a partnership with Deribit, the institutional-grade Top 20 crypto derivatives platform (Source: coinmarketcap.com). This partnership gives Deribit customers access to the Banxa Network, with the broadest range of payment options using Banxa's secure, managed service.

Deribit provides a professional, fully dedicated cryptocurrency futures and options trading platform, now supported by Banxas' payments service. Deribits' focus on integrity and quality combined with Banxas' provision of Anti-Money Laundering (AML) and Know Your Customer (KYC) compliant payments solutions empowers Deribit traders with a long-term sustainable solution for derivative and crypto trading. In addition, the partnership between Deribit and Banxa allows traders access to the same standards as the conventional derivatives market.

Keep reading... Show less
CoinSmart Achieves Record Monthly Revenue of $1.8 Million in October

CoinSmart Achieves Record Monthly Revenue of $1.8 Million in October

Record Cash of 18MM and Crypto Assets of 3MM for a total of $21 Million ($0.35 per share) on Balance Sheet

Toronto, Ontario--(Newsfile Corp. - November 30, 2021) - CoinSmart Financial Inc. (NEO: SMRT) (FSE: IIR) ("CoinSmart"), a leading Canadian headquartered crypto asset trading platform, today announced record preliminary unaudited monthly revenue in October 2021 of approximately $1.8 million[1]. This represents a 24% increase compared to September 2021 and was primarily driven by increased trading volume.

Keep reading... Show less

Prophecy DeFi Announces Amended Terms of Brokered Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Prophecy DeFi Inc. (" Prophecy DeFi ", " PDFI " or the " Company ") (CSE: PDFI) announces that further to its press release dated November 15, 2021 it is amending the terms of the previously announced brokered private placement financing.  Under the amended terms Canaccord Genuity Corp. (the " Lead Agent ") on behalf of a syndicate of agents including INFOR Financial Inc. (collectively, the " Agents ") will act as agents for the Company to offer for sale, on a commercially reasonable efforts private placement basis, up to C$10,000,000 aggregate principal amount of convertible debenture units of the Company (the " Debenture Units ") at an issue price of C$1,000 per Debenture Unit (the " Offering ").  Each Debenture Unit will be comprised of $1,000 principal amount of 10.0% unsecured convertible debentures of the Company (the " Convertible Debentures ") and 1,250 common share purchase warrants of the Company (the " Warrants ").  Each Convertible Debenture will be convertible on the terms described below and each Warrant will be exercisable into one common share of the Company (" Common Shares ") at a price of C$1.25 per Common Share for a period of thirty-six (36) months from the closing date, subject to the right of the Company to accelerate the expiry date of the Warrants if, at any time following the date that is four months and one day following the closing date of the Offering, the daily volume weighted average trading price of the Common Shares on the Canadian Securities Exchange (the " CSE ") is greater than $2.50 for 10 consecutive trading days.

Keep reading... Show less
CoinAnalyst Plans Roll Out of Enhanced Sentiment Analysis for NFTs

CoinAnalyst Plans Roll Out of Enhanced Sentiment Analysis for NFTs

CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) ("CoinAnalyst" or the "Company"), a company that provides an artificial intelligence-based big data analytics platform which delivers detailed AI-powered analysis of market sentiment, fundamentals, and technical indicators to investors in the digital asset sector and other industries, announced today its plans to roll out an enhanced Sentiment Analysis for passion-based NFTs.

"2021 has seen the meteoric rise of the non-fungible token (NFT). The data we collect shows a strong correlation between passion and investment, which is especially true with NFTs. As passion grows for a particular art, the price increases. Adding these indicators will allow our sentiment analysis to evolve in a big way as Web 3.0 emerges," said Andrew Sazama, COO of CoinAnalyst.

Keep reading... Show less

Top News

Related News