SPIRIT BLOCKCHAIN CAPITAL INC. REINFORCES STRATEGIC PARTNERSHIP WITH EOS NETWORK VENTURES THROUGH SUCCESSFUL DEBT CONVERSION EXECUTION AND OUTLINES GROWTH STRATEGY

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Vancouver, BC, Jan.15, 2025 (GLOBE NEWSWIRE) -- Spirit Blockchain Capital Inc.(CSE: SPIR) ("Spirit” or the "Company”), announces the successful execution of its previously announced debt conversion with EOS Network Ventures, marking a significant milestone in Spirit’s strategic growth plan.

The Debt Conversion is also exempt from the minority ‎approval requirement of MI 61-101 as the fair market value of the consideration for the Debt Conversion does ‎not exceed 25% of Spirit’s market capitalization.‎ Spirit is also pleased to announce it has issued an aggregate of 416,198 Common Shares upon the exercise of previously issued and outstanding common share purchase warrants, for gross proceeds of approximately $74,915.64.

The support from EOS Network Ventures, a significant player in the blockchain industry, confirms that our approach resonates with major market participants.” The Debt Conversion also reflects Spirit’s ambition of transforming the role of blockchain in the modern financial world.

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Author / Journalist: Spirit Blockchain Capital Inc.

Category: Technology

Markets: China

Topics: CA84859H2072 CNSX:SPIR.CN

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Published On: 2025-01-15 @ 23:14:00 (11 hours ago)

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News Source URL: globenewswire.com

Language: English

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Sentences: 39 lines

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