In This Article:
All dollar amounts are in Canadian dollars unless otherwise indicated.
Toronto, Ontario--(Newsfile Corp. - June 25, 2024) - BELGRAVIA HARTFORD CAPITAL INC. (CSE: BLGV) ("Belgravia Hartford" or the "Company"), is pleased to announce that further to a news release dated June 6, 2024, it has upsized it's previously-announced non-brokered private placement of units of the Company (the "Units") and amended the exercise price of the Common Share purchase warrants ("Warrants") issuable thereunder. Pursuant to the upsized offering, the Company will issued up to 23,809,523 Units at a price of $0.021 per Unit for aggregate gross proceeds of up to $500,000 (the "Offering").
Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant of the Company (each, a "Warrant"). Pursuant to the terms of the Offering, Each Warrant will entitle the holder thereof to purchase one further Common Share (each, a "Warrant Share") at a price of $0.05 per Warrant Share for a period of 12 months after the closing date of the Offering.
The Offering is expected to close on or about June 28, 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.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the "United States" or to "U.S. persons" (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About Belgravia Hartford
Belgravia Hartford Capital Inc. is a publicly traded investment holding company listed on the Canadian Securities Exchange. Belgravia is focused on growing its assets and holdings and increasing its net asset value (NAV). Belgravia invests in a portfolio of private and public companies located in jurisdictions governed by the rule of law. It takes a multi-sector investment approach with emphasis in the resources and commodities sector. Belgravia and its investments are considered high risk holdings and it may expose shareholders to significant volatility and losses.