Bitcoin Well Announces Debt Actions

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Bitcoin well

EDMONTON, Alberta, June 30, 2023 (GLOBE NEWSWIRE) — Bitcoin Well Inc. (Bitcoin Well or the Company) (TSXV: BTCW; OTCQB: BCNWF), announces an equity-for-debt deal.

Actions for debt

The Company plans to issue 1,152,273 common shares with a total value of $63,375 in connection with the balance of the price increase on the acquisition of Equibytes, previously announced on September 8, 2021. The common shares will be issued at a deemed price of $0.055 per common share. Share, corresponding to the closing price of the common shares on the TSXV on the date of this press release. The issuance of the common shares is subject to the approval of the TSXV, and such common shares will be subject to a hold period of four months plus one day in accordance with the policies of the TSXV.

About Bitcoin Well

Bitcoin Well is in the money-safety business. We do this by making bitcoin useful to ordinary people to give them the convenience of modern banking and the benefits of bitcoin. Our existing Bitcoin ATM and Personal Services business unit generates cash flow to help fund this mission.

Join our community of investors and follow us on Nostr, LinkedIn, Twitter and YouTube to keep up to date with our activities.

Bitcoin Well contact details

To book a virtual meeting with our founder and CEO Adam OBrien, please use the following link: https://bitcoinwell.com/meet-adam

For more investor and media information, please contact: Tel: 1 888 711 [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information Certain statements contained in this press release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “have the intention to”, “should”, or its negative form and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information.

The story continues

Bitcoin Well’s actual results could differ materially from those anticipated in this forward-looking information due to regulatory decisions, competitive factors in the industries in which Bitcoin Well operates, prevailing economic conditions and other factors, many of which are beyond Bitcoin Well’s control. Well bitcoin.

Bitcoin Well believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that such expectations will prove to be correct and such forward-looking information should not be relied upon unduly.

Any forward-looking information contained in this press release represents Bitcoin Well’s expectations as of the date hereof and is subject to change after such date. Bitcoin Well disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

For more information, see the cautionary note regarding forward-looking information found in Bitcoin Well’s quarterly management discussion and analysis.

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