# BlockchainK2 Corp. Closes $130,000 Private Placement at $0.07 Per Share

- URL: https://stocks.freetheai.org/news/blockchaink2-corp-closes-130-000-private-placement-at-0-07-per-share-4f64e1
- Published: 2026-10-14T12:17:00Z
- Category: company_news; sentiment: neutral; impact: low
- Symbols: [TSXV:BITK](https://stocks.freetheai.org/symbols/TSXV-BITK)
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BlockchainK2 Corp. (TSXV:BITK) has completed a non-brokered private placement, raising $130,000 in gross proceeds. The company issued 1,857,142 common shares at a price of $0.07 per share. No finder's fee was paid in connection with the transaction, allowing the full amount raised to go directly to the company.

The capital raise provides additional funding for general working capital, although the issuance increases the total share count and causes dilution for existing equity holders. To manage market supply, the newly issued common shares carry a four-month statutory hold period, preventing them from being sold immediately on the open market.

Completion of the placement remains subject to final regulatory acceptance from the TSX Venture Exchange. Investors will monitor for final approval and subsequent corporate updates. Shares of BlockchainK2 Corp. were last priced at 0.04 CAD.

## Key points

- BlockchainK2 Corp. raised $130,000 in gross proceeds through a non-brokered private placement.
- The offering issued 1,857,142 common shares at a price of $0.07 per share.
- Proceeds will support working capital, and no finder's fee was paid on the transaction.
- Issued shares are subject to a statutory four-month hold period.
- Final closing remains subject to regulatory acceptance from the TSX Venture Exchange.

## Questions and answers

### How much capital did BlockchainK2 Corp. raise in its private placement?

BlockchainK2 Corp. raised $130,000 in gross proceeds by issuing 1,857,142 common shares at $0.07 per share.

### Are there trading restrictions on the newly issued BlockchainK2 shares?

Yes, the common shares issued in the placement are subject to a mandatory four-month statutory hold period.

### Does the BlockchainK2 private placement require exchange approval?

Yes, the transaction remains subject to final regulatory acceptance from the TSX Venture Exchange.