Bitcoin Well Announces Bitcoin Purchase and Brokered Private Placement Offering of Up to $2.0 Million of Convertible Debenture Units Led by Haywood Securities Inc. with $500,000 of Insider Participation

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Last update: Dec 2, 2024

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EDMONTON, Alberta, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Bitcoin Well Inc. (“Bitcoin Well” or the “Company”) (TSXV: BTCW; OTCQB: BCNWF), the non-custodial bitcoin business on a mission to enable independence, is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”) to act as lead agent and sole bookrunner, together with a syndicate of agents (the “Agents”), in connection with a best-efforts private placement of up to approximately $2,000,000 convertible debenture units (the “Debenture Units”) at a price of $1,000 per Debenture Unit (the “Offering”). Each Debenture Unit shall consist of: (i) one 8% $1,000 principal amount unsecured convertible debenture (each, a ”Debenture”); and (ii) 4,347 common share purchase warrants of the Company (each, a “Warrant”).