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Overview

Blockchain Power Trust Completes $43 Million “Best Efforts” Private Placement

January 08, 2018

Blockchain Power Trust (TSX.V: BPWR.UN) (the “Trust”) completed a “best-efforts” private placement of a total of 90,047,832 units (“Units”) at a price of $0.48 per Unit for gross proceeds of approximately $43,000,000 (the “Offering”). Each Unit consists of one trust unit of the Trust (“Trust Unit”) and one-half of one Trust Unit purchase warrant (each whole Trust Unit purchase warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one Trust Unit at an exercise price of $0.80 until January 8, 2020. The Offering was completed by a syndicate of agents co-led by GMP Securities L.P. and Haywood Securities Inc. and included PI Financial Corp. and AltaCorp Capital Inc. (collectively, the “Agents”).

Wildeboer Dellelce LLP acted for the Agents in connection with the Offering with a team that included Perry Dellelce, Rob Wortzman, Danny Kharazmi, Alexandra Meffe and Joel Fraser (corporate/securities).

Client

Blockchain Power Trust
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