Belgravia Hartford Announces Proposed Private Placement and Corporate Changes

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Toronto, Ontario--(Newsfile Corp. - December 4, 2024) - BELGRAVIA HARTFORD CAPITAL INC. (CSE: BLGV) ("Belgravia Hartford" or the "Company"), ‎is pleased to announce its intention to complete a non-brokered private placement of units of the Company (the "Units") for aggregate gross proceeds of up to $500,000 (the "Offering").

The Offering will consist of up to 16,666,666 Units. Each Unit will be priced at $0.03 per Unit, consisting of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant") in the capital of the Company. Each Warrant entitling the holder to purchase one further Common Share (each, a "Warrant Share") at a price of $0.08 per Warrant Share for a period of 12-months following the Offering. ‎

The proceeds from the Offering will be used for general working capital purposes and general and administrative expenses.

The Company may pay cash finder's fees in connection with the Offering to certain qualified arm's-length finders of up to 6% of the gross proceeds raised under the Offering.

The Offering is expected to close on or about December 12, 2024, or on any other date or dates as the Company may determine. Closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all required regulatory approvals including the approval of the Canadian Securities Exchange (the "CSE"). The securities issued under the Offering will be subject to ‎a statutory hold period of four months and one day following the date of issuance.

The Company also annouces that Andy Le has been appointed as Chief Financial Officer effective December 4, 2024. Mr. Le, is a Chartered Professional Accountant and has been with the Company since 2017 as CFO of Belgravia Hartford Estates Corp., a subsidiary of Belgravia Hartford in the United States. This follows the resignation of Paul Kania as Chief Financial Officer. The board of directors of Belgravia thank Mr. Kania for his dedicated service and are pleased to confirm his continued support as a seasoned strategic advisor to the Company.

Belgravia has also appointed Ms. Jaclyn M. Rosenthal to the Advisory Board and as Director of Media Relations & Corporate Affairs. Ms. Rosenthal's significant rolodex in the tech-finance sector will be a key driver of the Company's new marketing strategy.

Mehdi Azodi, President & CEO stated "as set out in our August 15 press release, Belgravia is focusing on innovate growth sectors and investigating current macro trends, for focused investment and monetization. The addition of Mr. Le as CFO is a great step forward due to his deep knowledge of the tech and finance sectors as well as his experience with the historical events and structure of the Company. The addition of Ms. Rosenthal with her caliber and experience to join Belgravia at this junction is an exciting shift.