- Blockmate Ventures (MATE) has completed a non-brokered private placement for gross proceeds of $814,667
- The company issued 16,293,337 units at a price of $0.05 per unit
- The company has also announced that Justin Rosenberg has been appointed as Chief Executive Officer of the company
- Blockmate has successfully satisfied two of the previously established performance milestones related to its acquisition of Blockchain World Ltd. (BWL)
- Blockmate Ventures is a Web3 incubator/venture creator focusing on businesses that utilize blockchain technology and decentralization
- Blockmate Ventures Inc. was unchanged at $0.05 at 9:49 AM ET
Blockmate Ventures (MATE) has completed a non-brokered private placement for gross proceeds of C$814,667.
In connection with completion of the offering, the company has issued 16,293,337 units at a price of $0.05 per unit.
Each unit consists of one common share and one common share purchase warrant exercisable to acquire a further common share at a price of $0.075 until November 17, 2025.
The company has also announced that Justin Rosenberg has been appointed as Chief Executive Officer of the company.
Rosenberg takes over from Dom Carosa, who will remain with the company as Founder & Executive Director.
Rosenberg, who was appointed as a Non-Executive Director of Blockmate in April 2022, brings to Blockmate more than 20 years of experience in corporate finance, M&A and venture capital and in corporate advisory roles for publicly listed tech companies in Australia and Canada.
In addition, the company has announced that following the launch of the website domains blockchain.com.au (Australia) and blockchain.eu (Europe) announced on November 2nd that it has satisfied two of the previously established performance milestones related to its acquisition of Blockchain World Ltd. (BWL).
Consequently, the company has issued 10,000,000 common shares to the former shareholders of BWL as agreed at the time of purchase.
As a result of the satisfaction of the milestones, Carosa Corporation B.V., a holding company controlled by Executive Director Domenic Carosa of Amsterdam, Netherlands, has acquired control and direction over an additional 6,150,000 common shares of the company.
The shares represent approximately 6.8 per cent of the issued and outstanding common shares of the Company.
With this acquisition, Carosa has control and direction over 12,648,000 common shares of the company, representing approximately 14.1 per cent of the issued and outstanding common shares of the issuer, all of which are owned by Carosa Corporation B.V.
Blockmate Ventures is a Web3 incubator/venture creator focusing on businesses that utilize blockchain technology and decentralization to provide greater utility, accessibility and sustainability around everyday services.
Blockmate Ventures Inc. was unchanged at $0.05 at 9:49 AM ET.