Blockmate Announces $750,000 Private Placement to Advance Wyoming AI Data Centre Opportunity

About this update from Blockmate Ventures Inc

Blockmate Announces $750,000 Private Placement to Advance Wyoming AI Data Centre OpportunityToronto, Ontario--(Newsfile Corp. - June 22, 2026) - Blockmate Ventures Inc. (TSXV: MATE) (OTCQB: MATEF) (FSE: 8MH) ("Blockmate" or the "Company"), a venture builder focused on AI, Bitcoin, and digital infrastructure, announces that it intends to complete a non-brokered private placement financing for gross proceeds of up to $750,000 (the "Offering").The Offering is expected to consist of up to 15,000,000 units of the Company (the "Units") at a price of $0.05 per Unit. Each Unit will consist of one common share of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to acquire one additional Common Share of the Company at a price of $0.075 for a period of 24 months from the date of issuance.The Company has received commitments for the Offering from members of the board of directors and an external shareholder, Gleneagle Securities, an investment bank and fund manager. The Company may accept oversubscriptions of up to an additional $250,000, for potential aggregate gross proceeds of up to $1,000,000.The net proceeds of the Offering are expected to be used to advance the Company's Wyoming AI data centre opportunity, including engineering, surveying, site planning, local engagement, fibre and power-related diligence and related development work, as well as for general working capital.No finder's fees are payable in connection with the Offering.The Company anticipates that insiders of the Company will participate in the Offering. The issuance of Units to such insiders will be considered a related party transaction pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the Offering as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Offering, insofar as it involves the insiders, is anticipated to exceed 25 per cent of the Company's market capitalization.Closing of the Offering is subject to customary conditions, including receipt of all necessary regulatory approvals, including ...

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