- Digital Commodities Capital Corp. (DGCMF, Financial) has entered a binding agreement with Vancrypto Inc. for a 24-month Bitcoin purchase facility.
- The facility allows for Bitcoin acquisitions from Vancrypto using cash or company securities, with pricing determined at the time of each transaction.
- Vancrypto, operating with renewable energy in Western Canada, aligns with Digital Commodities' sustainable and strategic investment approach.
Digital Commodities Capital Corp. (DGCMF) has officially entered into a binding letter of intent with Vancrypto Inc. to establish a flexible, non-exclusive Bitcoin purchase facility. This agreement, set for a duration of 24 months, enables Digital Commodities to acquire Bitcoin from Vancrypto, a privately held cryptocurrency miner, in exchange for cash or company securities.
The innovative facility allows Digital Commodities to execute Bitcoin acquisitions on a drawdown basis, providing pricing flexibility determined at the time of each transaction. Each acquisition will undergo thorough due diligence to ensure compliance with Canadian securities laws and policies of the Canadian Securities Exchange (CSE).
Vancrypto operates a cryptocurrency mining facility in Western Canada entirely powered by renewable energy, aligning with Digital Commodities' focus on environmentally conscious investments. The partnership supports Digital Commodities' strategic goal to enhance access to Bitcoin markets under a scalable and compliant framework.
Any securities issued as part of the facility will be subjected to a statutory hold period of four months and one day, as per Canadian securities laws and CSE policies, providing a structured approach to both parties involved in this venture.
