codebase ventures stock price

Codebase Ventures Inc. Closes Non-Brokered Private Placement

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

The Conversation (0)
Cypher Metaverse

Cypher Metaverse

Investing Expertise and Capital in Blockchain Technologies

Pile of shiny gold Bitcoin coins in clear cases.

Crypto Market Update: Corporate Bitcoin Treasuries Jump to US$117 Billion

Here's a quick recap of the crypto landscape for Wednesday (October 15) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure:... Keep Reading...
Crystal ball over financial charts and graphs, with glasses beside.

What are Prediction Markets? The Future of Real-time Trading and Forecasting

Polymarket’s decentralized forecasting has caught Wall Street’s eye.The New York Stock Exchange’s parent, Intercontinental Exchange (NYSE:ICE), made a headline-grabbing US$2 billion investment last week, signaling that decentralized forecasting is stepping onto the global financial stage. In an... Keep Reading...
Hand holding Bitcoin and Ether coins, chart in background.

Crypto Market Update: Sector Rebounds After US$20 Billion Liquidation Shock

Here's a quick recap of the crypto landscape for Monday (October 13) as of 9:00 a.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure: I,... Keep Reading...
Bitcoin overlaid on fluctuating financial chart background.

Crypto Market Update: Bitcoin Price Takes Hit Heading into Weekend

Here's a quick recap of the crypto landscape for Friday (October 10) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrency market news.Don't forget to follow us @INN_Technology for real-time news updates!Securities Disclosure: I,... Keep Reading...
Canadian flag with geometric patterns overlaid.

3 Best-performing Canadian Crypto Mining Stocks of 2025

Canadian crypto stocks offer investors exposure to the booming cryptocurrency market. Cryptocurrencies are digital currencies that are independent of traditional banking systems. They exist on a blockchain, a secure and immutable transaction record shared among many computer nodes in a... Keep Reading...
Torrent Capital Reports Preliminary Q3 2025 Financial Results and Portfolio Update

Torrent Capital Reports Preliminary Q3 2025 Financial Results and Portfolio Update

Torrent Capital Ltd., (TSXV: TORR,OTC:TRRPF), ("Torrent" or the "Company") today announced its preliminary financial results for its third quarter ended September 30, 2025, along with an initial update on portfolio performance. As of September 30, 2025, Torrent reports a Net Asset Value ("NAV")... Keep Reading...

Latest Press Releases

Related News