Bitcoin Well Announces Closing of $1.4 Million Non-Brokered Private Placement

EDMONTON, Alberta, Sept. 01, 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, is pleased to announce it has closed a non-brokered private placement offering (the “Offering”) of 23,291,985 units of Bitcoin Well (the “Units”) at a price of $0.06 per Unit for aggregate gross proceeds of $1,397,519.24. Each Unit is 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”) exercisable into one Common Share at a price of $0.18 per share for a period of three years from closing.

Read more at globenewswire.com