BlockchainK2 Announces Proposed Debt Settlement
BlockchainK2 Corp. proposes to settle $340,000 of outstanding indebtedness through the issuance of 4,857,142 common shares at $0.07 per share.
Vancouver, British Columbia — Newsfile Corp., October 31, 2025
BlockchainK2 Corp. (TSXV: BITK) (OTCQB: BIDCF) (FSE: KRL2) announces that the Company proposes to settle outstanding indebtedness totaling $340,000 through the issuance of 4,857,142 common shares at a price of $0.07 per share.
A portion of the above-described transaction constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 as 928,571 Debt Settlement Shares are being issued to related parties of the Company. Closing of the debt settlement is subject to the approval of the TSX Venture Exchange.
Debt Settlement Details
- Total indebtedness to be settled: $340,000
- Common shares to be issued: 4,857,142
- Issue price per share: $0.07
- Related party shares: 928,571 (subject to MI 61-101 exemptions)
- Subject to TSX Venture Exchange approval
About BlockchainK2 Corp.
BlockchainK2 Corp. (TSXV: BITK; OTCQB: BIDCF; FSE: KRL2) is a holding company investing in blockchain technology solutions for capital markets and other sectors. The Company owns a majority interest in RealBlocks, a technology platform for private equity, private credit, and real estate that provides tokenized secondary trading and fund distribution solutions.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable Canadian securities legislation. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements.