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Bitcoin Well Announces Shares For Debt Settlement, Closing Of Private Placement, Stock Option Grant And Early Warning Disclosure
(TheNewswire) This news release constitutes a “designated news release” for the...
About this update from Bitcoin Well Inc
[{"type":"text","content":"Bitcoin Well Announces Shares For Debt Settlement, Closing Of Private Placement, Stock Option Grant And Early Warning Disclosure\n(TheNewswire)\n\n\nThis news release constitutes a\n“designated news release” for the purposes of the Company’s\nprospectus supplement dated March 28, 2025, to its short form base\nshelf prospectus dated March 6, 2025.\n\n\nEdmonton, Alberta – January 1, 2026\n– TheNewswire - Bitcoin Well Inc.\n(“Bitcoin Well” or the “Company”) (TSXV: BTCW; OTCQB: BCNWF), the non-custodial bitcoin business on a mission to enable\nindependence, announces a shares-for-debt\nsettlement, the grant of stock options, and related early warning\ndisclosure.\n\n\nSettlement of Interest Debt\n\n\nThe Company announces that it has elected to settle an\naggregate of C$291,095 of accrued interest obligations by issuing\ncommon shares in the capital of the Company (the “Shares”). \n\n\n \n\n\nThe Company is indebted to certain creditors in the\ntotal amount of C$210,495, as of January 2, 2026 (the “Use of Coin and Debenture Interest\nDebt”), pursuant to certain use of bitcoin\nagreements and a convertible debenture agreement (collectively, the\n“Agreements”). The Use of Coin and Debenture Interest Debt represents\ninterest accrued under the Agreements. Bitcoin Well has elected to\nsettle C$96,683 by issuing 920,788 Shares at a deemed price of C$0.105\nper Share, and C$113,813 by issuing 1,354,916 Shares at a deemed price\nof C$$0.084 per Share. \n\n\n \n\n\nFurther to the Company’s news release dated December\n30, 2024, the Company is indebted to certain convertible debenture\nholders in the total amount of C$80,600, as of January 1, 2026 (the\n“CD Interest\nDebt”), pursuant to a convertible debenture\nindenture (the “CD\nIndenture”), the material terms of which are\nmore fully described in the Company’s news releases dated December\n2, 2024 and December 30, 2024. Under the CD Indenture, the Company has\nelected to settle the CD Interest Debt by issuing 739,449 Shares at a\ndeemed price of C$0.109 per Share. \n\n\n \n\n\nSettlement of Sponsorship Agreement\nDebt\n\n\nIn addition, the Company is indebted to a certain\ncreditor in the amount of C$62,905.50 as of November 30,...