Home Blockchain Blockchain Venture Capital Inc. Receives Final Listing Approval and Announces Commencement of Trading on the Canadian Securities Exchange

Blockchain Venture Capital Inc. Receives Final Listing Approval and Announces Commencement of Trading on the Canadian Securities Exchange

Blockchain Venture Capital Inc. Receives Final Listing Approval and Announces Commencement of Trading on the Canadian Securities Exchange

TORONTO, August 10, 2022 /CNW/ – Blockchain Venture Capital Inc. (the “Company” Where “BVCI“) is pleased to announce that it has received final listing approval from the Canadian Securities Exchange (the “CSE“). The ordinary shares of the Company will begin trading on the CSE under the symbol “BVCI” at the opening of the market on August 12, 2022.

The Company’s listing follows the successful reverse takeover with Flexwork Properties Ltd. (formerly Reliant Gold Corp.) by way of amalgamation. At the time of listing, the Company will have outstanding 25,699,179 common shares on a non-diluted basis and 26,613,797 on a fully diluted basis. For further information regarding the Company, please refer to its final registration statement which is available by accessing the Company’s profile on SEDAR at www.sedar.com.

“We couldn’t be more excited to start trading on the Canadian Securities Exchange,” BVCI CEO Richard Zhou said. “Over the past year, we have achieved significant milestones in terms of advancing our projects and relationships with third-party service providers that will help bring our products to market and our team will continue to work tirelessly to build, develop and grow our business. I also take this opportunity to thank our shareholders, board of directors, colleagues, engineers, advisors and business partners, without your tireless support over the past four years. , we couldn’t have achieved such great success!”

About the company

BVCI is a Ontario company incorporated and registered as a Money Services Business with the Financial Transactions and Reporting Analysis Center of Canada (FINTRAC). It is a provider of innovative technology infrastructure for participants in the emerging blockchain and distributed ledger technology industry. BVC Chain, a proprietary blockchain platform and distributed ledger technology, which can operate as a centralized or decentralized ledger, is critical to BVCI’s business and growth strategy. BVC Chain was designed to be a turnkey solution, which can be customized and implemented by organizations wishing to deploy solutions, products or services based on the blockchain platform. BVC Chain will also serve as the platform and infrastructure for BvcPay and CADT. BvcPay is a cloud-based mobile application that is intended to function as a digital currency wallet and can facilitate point-of-sale and online transactions using Bitcoin, Ethereum, and CADT. CADT is the native digital currency of the BVC chain, and it is intended to be a stablecoin. BVCI’s CADT trading division is expected to issue CADT, a crypto stablecoin supported on a 1:1 basis with an equivalent amount of Canadian dollars held in a custodial account. CADT is expected to support real-time pricing, payment, settlement, digital asset issuance and ledger capabilities.

To allow BVCI to carry out its CADT-related activities, BVCI filed an application on June 17, 2021 obtain registration as an exempt market dealer in accordance with applicable securities laws Ontario, albertaand British Columbia. This request is pending and there is no guarantee that BVCI will obtain such registration. Unless and until the Company is registered under applicable securities laws for the purpose of carrying on its CADT-related business, or the Company is otherwise satisfied that it can carry on such business. in accordance with all applicable securities laws, it intends to cause all of its CADT trades to occur through a broker (via the BVC chain) that is listed in a listing category under applicable securities laws that permits CADT to be traded through it, which broker arrangement is subject to finalization. Accordingly, there can be no assurance that BVCI will be able to continue its proposed CADT business or any related BvcPay business that relies on CADT.

Investors are cautioned that, except as otherwise set forth in the Company’s registration statement, any information published or received regarding the registration may not be accurate or complete and should not be relied upon. Trading in the Company’s securities should be considered highly speculative.

Forward-looking information and statements

Certain statements in this press release may constitute “forward-looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or the industry in which it operates are materially different from those future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, the words “estimate”, “believe”, “anticipate”, “intend”, “expect”, “plan”, “may”, “should “, “will”, their negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements related to: trading on the CSE and the company’s business plans and strategies, including the development of BvcPay and CADT and the using a registered broker. These statements reflect the current expectations of the Company’s management regarding future events based on information currently available and are based on certain assumptions and are subject to risks and uncertainties that could cause results, performance or actual achievements differ materially from those expressed. or implied by such forward-looking statements, including the assumptions and risks associated with the Company’s obtaining registration as an exempt market dealer or entering into its agreement with a registered dealer. These risks and uncertainties are detailed from time to time, including, without limitation, under the heading “Risk Factors”, in the Company’s listing statement, which will be available at www.sedar.com.and in other continuous disclosure documents filed by the Company from time to time with the Ontario, alberta or the British Columbia Securities Commissions, available at www.sedar.com and to which readers of this press release are referred for additional information regarding the Company, its prospects and the risks and uncertainties relating to the Company and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of these risk factors or the extent to which any one factor or combination of factors may cause results, performance and actual achievements of the Company may differ materially from those contained in the forward-looking statements. Although the forward-looking statements contained in this press release are based on what management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent and investors should not place undue reliance on forward-looking statements such as a prediction of actual results. results.

The forward-looking information contained in this press release speaks only as of the date hereof. The Company neither undertakes nor assumes any obligation, except as required by law, to release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events. .

No securities commission or regulatory authority has approved or disapproved of the contents of this press release.

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 and not approved or disapproved of its content.

SOURCE Blockchain Venture Capital Inc.



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