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Belgravia Hartford Capital, a publicly traded Canadian company, placed a private placement of C$10 million, with all proceeds going towards the purchase of Bitcoin
Foresight News, Canadian-listed company Belgravia Hartford Capital announced a 100% bitcoin reserve directed C$10 million private placement. The company will issue up to 40 million constituent shares in a non-brokered private placement at an issue price of C$0.25 per share for a total value of up to C$10 million. Each constituent stock consists of one common share of the Company and one half of the common share call warrant (each full call warrant, the "Call Warrant"). Each call warrant gives the holder the right to subscribe for one additional common share at an exercise price of C$0.50 per share. The company indicated that all proceeds from the offering will be dedicated to the purchase of Bitcoin.