Bitcoin Well Announces $2.5 Million Non-Brokered Private Placement

EDMONTON, Alberta, July 18, 2023 (GLOBE NEWSWIRE) -- Bitcoin Well Inc. (“Bitcoin Well” or the “Company”) (TSXV:BTCW; OTCQB:BCNWF), the non-custodial fintech business which future-proofs money by making bitcoin useful to everyday people, announces its intention to complete a non-brokered private placement offering (the "Offering") of up to 41,666,667 units of Bitcoin Well (the “Units”) at a price of $0.06 per Unit for aggregate gross proceeds of up to $2,500,000. The minimum Offering size is $1,000,000, being 16,666,667 Units. Each Unit will be comprised of one common share in the Company (each, a "Common Share" and collectively “Common Shares”) and one common share purchase warrant (each, a "Warrant" and collectively “Warrants”) being exercisable into one Common Share at a price of $0.18 per share for a period of three (3) years from closing.

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