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Cypherpunk Holdings Inc. Announces Closing of CAD$10 Million Private Placement with Institutional Investors
Toronto, Ontario--(Newsfile Corp. - March 24, 2021) - Cypherpunk Holdings Inc. (CSE: HODL) ("Cypherpunk" or the "Company"), a sector leader for privacy-technology investments, is pleased to announce that has completed its previously announced private placement (the "Private Placement") of its common shares ("Common Shares") and common share purchase warrants ("Warrants") to certain institutional investors for aggregate gross proceeds of approximately CAD$10 million. Pursuant to the Private Placement, the Company issued an aggregate of 29,411,766 Common Shares and 14,705,883 Warrants at a purchase price of CAD$0.34 per each Common Share and associated one-half of one Warrant. Each whole Warrant entitles the holder to purchase one Common Share at an exercise price of CAD$0.395 per Common Share for a period of three years and one day following the issuance date.
H.C. Wainwright & Co. acted as the exclusive placement agent for the Private Placement.
The net proceeds of the Private Placement are expected to be used by the Company to make investments in accordance with its investment strategy, including possible investments in cryptocurrencies and companies, technologies and protocols that enhance or protect privacy often in the blockchain ecosystem, and for general working capital purposes.
On completion of the Private Placement, H.C. Wainwright & Co. received (i) a cash commission equal to 7.0% of the gross proceeds of the Private Placement, and (ii) 2,058,824 non-transferable common share purchase warrants (the "Broker Warrants"). Each Broker Warrant entitles the holder to purchase one Common Share at an exercise price of CAD$0.425 for a period of three years and one day following the issuance date.
Very good news Fed Chair Powell says Bitcoin substitute for Gold. And I see elsewhere on YT that Whales are buying Ethereum like never before. All good for Cypherpunk's future.
Been picking up KHRIF all day and lower prices. This will be a short lived dip. Very fortunate opportunity.
Well Cypherpunk is on sale again this morning. I'm buying and thankful for it.
Cypherpunk Holdings Inc. Announces CAD$10 Million Private Placement with Institutional Investors
Toronto, Ontario--(Newsfile Corp. - March 21, 2021) - Cypherpunk Holdings Inc. (CSE: HODL) ("Cypherpunk" or the "Company"), a sector leader for privacy-technology investments, is pleased to announce that it has entered into securities purchase agreements with certain institutional investors for a private placement (the "Private Placement") of its common shares ("Common Shares") and common share purchase warrants ("Warrants") to such institutional investors for aggregate gross proceeds of approximately CAD$10 million. Pursuant to the securities purchase agreements, the Company has agreed to issue an aggregate of 29,411,766 Common Shares and 14,705,883 Warrants at a purchase price of CAD$0.34 per each Common Share and associated one-half of one Warrant. Each whole Warrant will entitle the holder to purchase one Common Share at an exercise price of CAD$0.395 per Common Share for a period of three years following the issuance date. The completion of the Private Placement is expected to occur on or about March 24, 2021, subject to satisfaction of customary closing conditions.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the Private Placement.
The net proceeds of the Private Placement are expected to be used by the Company to make investments in accordance with its investment strategy, including possible investments in cryptocurrencies and companies, technologies and protocols that enhance or protect privacy often in the blockchain ecosystem, and for general working capital purposes.
On completion of the Private Placement, H.C. Wainwright & Co. will receive (i) a cash commission equal to 7.0% of the gross proceeds of the Private Placement and (ii) 2,058,824 non-transferable common share purchase warrants (the "Broker Warrants"). Each Broker Warrant will entitle the holder to purchase one Common Share at an exercise price of CAD$0.425 for a period of three years following the issuance date.
No securities were or are being offered or sold to Canadian residents in connection with the Private Placement. The securities to be issued under the Private Placement will be subject to resale restrictions in the United States under applicable U.S. federal and state securities laws with no resale restrictions in Canada.
Another example of this being undervalued.
BIGG's (Now about $2 CAD) last financial report showed a loss and HODL has a $.06 net and the OS shares of both are relatively close then HODL is grossly undervalued as my earlier post on net earnings P/E shows. BIGG at $2 seems high but maybe their next financial report will be much better than the last and market is rewarding it where as the market is not rewarding HODL at all. We remain a hidden GEM.
HODL is canada symbol for KHRIF
Meet the team
https://cypherpunkholdings.com/team/
If you have never perused the TEAM MEMBERS you should. It should get you excited to own this exciting new company.
Braveheart Strengthens Management Team
Calgary, Alberta--(Newsfile Corp. – March 19, 2021) – Braveheart Resources Inc. (TSXV: BHT) (OTCQB:RIINF) ("Braveheart" or the "Company") is pleased to announce the appointment of Manish Grigo as Director of Corporate Development.
Mr. Grigo holds a Bachelor of Commerce from Delhi University as well as a Masters in Business Administration (MBA) from Cardiff University. Additionally, he is a chartered financial analyst. He has over 12 years of experience in research analysis, investor relations and corporate development, having worked in mining, technology and diversified industries.
Ian Berzins, President and CEO commented: “Braveheart’s top priority is restarting our Bull River mine. This will require additional capital to supplement our recently announced loan facility from Ocean Partners. I look forward to working with Manish in the development of our capital markets strategy.”
Looking like we will be leaving the dip in the past. This will not remain grossly undervalued. It is in crypto so it will be volatile but the trend will be up. Very happy that I am fully loaded and can enjoy the ride.
Correction.
the deal is 54,400,000 shares eliminates $3.6 Million debt and nets them $5.4 Million cash if all warrants are executed.
They are hoping that they get to $.30/share and can force conversion within next 12 months. Lets hope the market rewards what they have been doing. To do that they need to overcome this conic undervaluation we have been dealing with.
ashy2classy Nice deal if the warrants are exercised Braveheart will eliminate the $3.6 Million debt. Plus make $5,400,000 from 27,200,000 warrants at $.20. Thus for 54.4 M shares they net $1.8 M = $5.4 - $3.6M
Is that interpreting the deal correctly?
Latest NR just helps confirm my claim that RIINF is very undervalued.
And confirms my buying more this week.
Braveheart to Retire Debt Through Shares for Debt Transaction
Calgary, Alberta--(Newsfile Corp. - March 18, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce that it has reached agreement with 2166687 Alberta Ltd. ("2166687"), holder of a $3.6 million convertible debenture (the "Debenture") of the Company, to retire the Debenture in exchange for the Company's issuance of common shares and warrants. 2166687 is a holding entity for approximately 90 underlying note holders.
The Debenture being settled is convertible into common shares of the Company at a conversion price of $0.30 per share as described in the Company's press release issued on August 14, 2020. In exchange for settlement of the Debenture, the underlying holders will receive units of the Company equivalent to the $3.6 million principal amount of the Debenture less prepaid interest of $64,000 based on a price of $0.13 per unit, for a total of 27,200,000 units. Each unit shall be comprised of one common share and one warrant, with each warrant exercisable into a common share at an exercise price of $0.20 per share for a period of three years. The warrants will have an acceleration clause whereby should the volume weighted average trading price of the common shares of Braveheart exceed $0.30 per share for at least 10 consecutive trading days the warrant holders will receive written notice that the warrants, unless exercised, will expire on the 30th day following notice of the acceleration.
The issuance of common shares and warrants in connection with the settlement of the Debenture is subject to the approval of the TSX Venture Exchange.
Peter Lacey, a Director of 2166687, stated, "We are pleased with the progress that Braveheart is making towards the successful restart of the Bull River Mine project. We are also encouraged by the recent acquisition of the past producing Thierry copper nickel project in Ontario and the negotiation of an offtake concentrate sales agreement with Ocean Partners. This transaction provides debenture note holders with liquidity and represents fair value relative to the strength of the assets and the current share price."
Ian Berzins, President and CEO, commented, "I am pleased that we were able to work closely with the debenture note holders to complete an early conversion of the remaining debenture and eliminate $3.6 million in debt from our balance sheet. Once again, the debenture note holders have converted debt at a price that is higher than our current trading levels, demonstrating their strong support for our projects."
Tony G
@TonyGuoga
·
1h
HODL news:
I had to sell some HODL shares last week to exercise my warrants.
I’m still a net-long buyer of shares and can’t wait for HODL’s future!
Our investments in blockchain and privacy tech will continue to grow.
Response from Medallion
These are my questions:
From you interview yesterday it sounds like you will enter execution phase in 2022.
1) Do you have a target when you will start to build the process on site?
2) How long will it take to build a site.
3) Do you expect to start producing /selling REE in 2022 or is it 2023?
RESPONSE:
We are aiming for all the critical decisions to be made before or during 2022. This is scale of the operation;
location;
funding;
monazite sourcing;
off take…..etc. The key one there is the location and the associated permitting.
We are looking at a range of permitting alternatives. It is hard to give fixed timelines until we deeply engage with one site and understand the requirements.
Building will be around 6 months, subject to the lead time for any equipment. COVID has blown equipment timelines out of the water.
Selling is more likely to be into 2023.
With best regards
Mark Saxon
CEO & President
Medallion Resources Ltd
Love this $.25 sale. Buying more. One day this will be multi dollar stock.
Braveheart Announces Concentrate Offtake Agreement and Stockpile Financing Facility for Bull River Mine
Calgary, Alberta--(Newsfile Corp. - March 17, 2021) - Braveheart Resources Inc. (TSXV: BHT) (OTCQB: RIINF) ("Braveheart" or the "Company") is pleased to announce that it has entered into a Concentrate Purchase Agreement (the "Agreement") with Ocean Partners UK Ltd. ("Ocean") for the sale of its copper concentrates (with gold and silver credits) from its Bull River Mine ("Bull River") near Cranbrook, British Columbia. Additionally, Ocean has agreed to provide the Company with a Pre-Payment Financing Facility (the "Facility") against initial proceeds from milling of mineralized material on surface.
The Agreement shall remain in force until Braveheart has delivered 45,000 wet metric tonnes of copper concentrate. Ocean shall have a right of first refusal (the "ROFR") on any remaining production thereafter from Bull River. All other terms and conditions of the Agreement are confidential between the parties. The Facility provides Braveheart with access to up to USD $3,500,000 which can be used for capital expenditures at Bull River including plant commissioning and general working capital purposes. Interest on any amounts drawn from the Facility is at 12-month LIBOR plus 8.75%. The Facility will be treated pari-passu with Braveheart's current secured loan facility with Matlock Farms Inc. Any monies drawn on the Facility will be repaid as a flat deduction per dry metric tonne of concentrate produced. Braveheart may initially draw up to USD $1,000,000 on closing of the Facility less an arrangement fee and expenses associated with due diligence and legal fees. Subsequent draws will be subject to the Company meeting certain conditions precedent including receipt of an operating permit to dispose of tailings, completion of an equity raise to cover any remaining capital requirements to bring Bull River into production and commencement of milling of the surface stockpile. The Facility is closed and the first draw is available subject to security registration.
The Company plans to advance Bull River in a phased approach wherein a surface stockpile of mineralized material will provide the initial feedstock to the upgraded mill facility. Subsequently, the Company plans to mine and mill mineralized material from the underground workings. The Company's decision to continue with upgrades to the surface infrastructure, process mineralized material from the surface stockpile and mine from the underground workings is not based on a comprehensive feasibility study of mineral reserves that would otherwise demonstrate economic viability. There is risk and uncertainty regarding the economic viability of the mineralized material in the surface stockpile and in the underground resource in terms of tonnage, grade, recovery and potential oxidation of the material that was placed on the surface pile approximately 10 years ago. In order to process the surface stockpile, the Company needs to complete capital upgrades on surface including the commissioning of a new substation, installation of a flotation circuit, installation of a filtration circuit and civil works associated with the development of a dry stack or filtered tailings storage facility ("TSF").
Ian Berzins, President and CEO, commented: "Braveheart's top priority is restarting Bull River. With the support of Ocean's Facility, we are positioned to continue with the surface up-grades required to place the mill in position to process mineralized material later this year. The Agreement for sale of concentrates provides us with certainty on the sale of products from the mine."
Correction to my last post LED should be. ligand-assisted displacement (LAD). The Medallion system is 2 steps
1) Medallion process extracts the REEs from the Monazite sand.
2) LAD process separates those REE into individual elements for sale.
ALSO
I sent email to Medallion asking for more detail on timeline to production. I will post and response if I get it
I would expect that as they complete each phase towards production there will be some reward to price. Hopefully faster than you think.
In the video presentation they asked when will the Mediallion and LED process but put together and put out for market. Answer hopefully later this year. So I would expect production next year.
Do you have any info that would show it to be further out than that?
from their presentation:
Medallion has built an industrially relevant, near term business model that enables the Company to execute on key partnerships within the US and global rare earth element supply chain
Investment Case
•Expertise and proprietary technology in monazite processing. Monazite is already a key source of magnet metals NdPrglobally
•Fast to market strategy by accessing by-product from mineral sand mining. Opportunities both with US and elsewhere.
•Minimal technical risk –modern, efficient continuous metallurgical process utilizing all material and a “no tailings” plant
•Potential to produce 2,000 tpaREO in US (global market: 150,000 tpa) very soon
•Very low capex –~10-15% of hard-rock mining / processing
•Growth can be implement incrementally –modular design
•Near-term NdPrproduction from substantially de-risked business mode
Listened to the presentation this afternoon. Looking good. Going to require a lot of waiting for them to get to production but they are getting it done step by step. Sounds like their process will be best available and should be quite profitable once they get it going. Like how efficient and scalable and mobile it is. Lots of advantages that should ensure success.
Needed to be registered to see it.
Bitcoin reaching all time high.
Cypherpunk has 291 coins
$17,460,000 = 291 x 60000
draego, I see you have been around a long time but post sparingly.
Glad to have your input here. Hope you hang around. I feel sure Cypherpunk will have its day. I really like the management team. I believe they will make good choices.
Low volume so not a lot of interest here in OTC pinksheet land. Not very surprising is it?
Been reviewing last qtr's financial and thanks to Ashy2classy private comments I looked deeper. He pointed out that the net income was from unrealized gains. So I had to think harder about what that means to me and this specific stock. Cypherpunk being primarily a Holding company business I would think that their focus is to increase value via unrealized gains. Then my concern is can they duplicate or improve on last quarter's gains for future qtrs? Based on what BITCOIN has done and likely will do I would say yes they can and likely show even greater gains than last qtr. SO that is good. Also they tell me they are wanting to move from Holdings only to also revenue producing investment. So if we use this info and speculate what a full year net income would be and do a PE x 15 formula what share price target is reasonable. I see on Fidelity the ave PE multiplier for this category is 20 so I will use 15x to be more conservative.
Calculation below in Canadian Dollars:
$.06 Last qtr net income/share and speculate they can duplicate that for remaining qtrs thus $.24 EPS for a year
That will result in 12mo target of
$3.6 = $.24 x 15 PE
So even if that is cut in half buying this at $.33 price looks very promising. Comments?
Here is a nice summary from the CEO.CA board you may find interesting
@nachoguru This might be a good time for my periodic PSA in case there are new folks here... $HODL has about 291.6 $Bitcoin worth $20.8 million CAD at the moment plus about $2 million in cash & Monero by my math. It is not widely known and only trades on the CSE in Canada and (I think) OTC in the US. So it only has a $41 million market cap for a roughly $23 million bag of cash plus a portfolio of crypto VC investments that the market is currently valuing at $18 million. Per share, those bidding $0.34 just now got $0.19 per share of Bitcoin and cash. So they paid only $0.15 for the other VC investments, their potential upside... oh yeah and the upside of all that Bitcoin. Still my favourite Bitcoin exposure for my registered retirement accounts where I can't buy Bitcoin directly.
Grid Metals Provides New Drill Results From East Bull Lake and Strengthens Technical Team 3/11/2021
TORONTO, ON / ACCESSWIRE / March 11, 2021 / Grid Metals Corp. (the "Company") (TSX.V:GRDM)(OTCQB:MSMGF) is pleased to announce new drilling results for its first three holes from the Q1 2021 program at its 100% owned East Bull Lake ("EBL") palladium property (the "Property") in Ontario. The Company resumed drilling in January, following up on encouraging drilling results from its fall 2020 campaign. Grid is also pleased to announce Dr. Reid Keays, an internationally renowned expert on PGE and nickel sulfide deposits, has joined Grid Metals as a Senior Technical Advisor.
Highlights
Significant results from the first three holes from the ongoing winter drilling program are:
54.0 metres averaging 1.05 g/t palladium equivalent grade (Pd Eq) in hole EBL21-01 including 3.0 metres of 3.04 g/t Pd Eq
24.0 metres averaging 0.94 g/t Pd Eq in hole EBL21-02 including 2.0 metres of 2.34 g/t Pd Eq
40.3 metres averaging 1.15 g/t Pd Eq in hole EBL21-03 including 2.30 metres of 3.23 g/t Pd Eq
These three holes represent short step outs from discovery hole EBL20-13 (119m of 1.1 g/t Pd Eq) reported last December.
Dr. Dave Peck, the Company's Vice-President of Exploration and Business Development stated "We continue to intersect good widths of palladium mineralization in the Central Parisien Lake target area. We will be assessing all of the new drilling results over the coming weeks and begin making plans for a summer field program and the next phase of exploration drilling on the Property. With over 20 km of prospective strike length to explore, the continued refinement of our exploration methodologies is a critical step toward meeting our ultimate objective of delivering one or more discoveries having the size and grade required for potential extraction."
Update on Drilling Activities
The Company resumed drilling on the Property on January 21 and expects to complete over 3,000 metres in approximately 15 holes before the end of the month. Drilling is focussed on the Central Parisien Lake target area. Results from the first three holes are reported in Table 1, below. Drilling is targeting a >1 km long geophysical anomaly (resistivity low) with favourable geology and historical outcropping palladium mineralization. This is the first area that the company has focussed on since resuming exploration at East Bull Lake in the spring of last year. Several other similar target areas existing on the Property remain to be drilled. Each of these has comparable size, prospective geology, outcropping mineralization styles and geophysical anomalies to those observed in the Central Parisien Lake area.
Bought more now. Fully locked and loaded with CypherPunk. Now I can relax and let them make me a bundle.
This is really undervalued. Do you agree?
Net income (loss) per share - basic & diluted $0.06
converted USD $.047
using PE of 15 this stock would be $.70
Reference : https://webfiles.thecse.com/sedar_filings/00020977/2102261600060491.pdf
KHRIF being on the pinks is a problem for sure. Many will not touch or even consider investing in pinksheet stocks. I question IR about this and all Veronika could say was she agreed it is a problem and they are looking into their options. Cannot reveal any inside information. So that will have to do. Probably be quite awhile before that gets resolved IMO. But glad they are looking at it.
She responded already. Here is what she said.
Thank you for your email. Great point on the ticker on press releases. We have now included the ticker on our website. We just had to clear it with the lawyers if we are allowed to include it. I will check if I can also have it in press releases. Thanks for that suggestions.
ON the ETH front - I will check if there are any plans. We are looking at the NFT market and DeFi with the recent purchase of IP addresses there is quite a lot in pipeline.
So astrsoblaster hang in there. This company will have its day in the sun. It is still a hidden gem IMO. That will change. I expect by year end we will be closer to $1 than current price.
That is a good point. I had not noticed that.
Sending this to Veronika at Cypherpunk
'Cypherpunk is such an exciting company and has an high quality team full of crypto knowledge.
But it is relatively unknown in the USA market. You do not even include our KHRIF in your press releases.
Can you fix that omission?'
Lets see what She has to say about this.
BUT where is the volume? HODL.CN volume better. OTC KHRIF usually lags HODL volume.
Nice open. That is more like it. I hope CCypherpunk price begins to reflect the strong move in crypto
Medallion Receives $792,000 from Warrant and Option Exercise
VANCOUVER, British Columbia, March 09, 2021 (GLOBE NEWSWIRE) -- Medallion Resources Ltd. (TSX-V: MDL; OTCQB: MLLOF; Frankfurt: MRDN) – (“Medallion” or the “Company”), reports that since January 1, 2021 the Company has received funds for the exercise of 4,249,014 warrants and options for gross proceeds of approximately $792,000. The warrants and options were priced between $0.09 and $0.40 with an average exercise price of $0.19 per share. Medallion is in a strong position with over $2,000,000 of working capital, with research and engineering programs underway on both the extraction and separation of rare-earth elements (REE).
“We are very pleased and thankful to receive the continuing support of shareholders with the exercise of almost $800,000 in warrants and options,” said Mark Saxon, CEO and President. “With a strong cash position, we can now make commitments to longer term research and corporate development.”
Rare-Earth Element Separation Technology Acquisition - Update
In addition to Medallion’s long-term investment in a proprietary process for the sustainable extraction of REEs from mineral sand monazite, the Company recently acquired an exclusive license to a portfolio of technology, patents, and know how for ligand-assisted displacement (LAD) chromatography from Purdue University. The license enables Medallion to deploy the LAD technology in the separation and purification of rare-earth elements for all minerals, mineral processing by-products and mining waste feedstock, excluding coal-sourced materials. Medallion has begun discussions with third parties to sub-license the LAD technology and provide much sought-after and low-environmental impact REE separation.
The LAD system, developed by Linda Wang, PhD, the Purdue Maxine Spencer Nichols Professor of Chemical Engineering, was selected for investment by Medallion following extensive review of the REE separation industry. The green engineering and design principles applied by Dr Wang were recognized through the publication of her research in the Journal Green Chemistry in 2020. LAD chromatography is an aqueous (water based) process that does not depend upon petrochemical industry solvents to function. The technology is built upon a platform that is widely used in the pharmaceuticals industry and provides an environmentally sound method for REE separation with low technology risk and holds tremendous promise.
This pullback during a very good time for crypto makes no sense.
Which is why I was buying today. I think this dip will only be available for a short time. JMHO
BTW welcome to the board. Hope you hang around.
That is part of the problem. They had some days of big volume but it is rare. Their holdings certainly are not fairly valued. Wonder how long it will take for them to become 'known'. Crypto is quickly gaining market awareness and being accepted by bigger institutions. Very important. I suspect Cypherpunk will be lagging in market acceptance compared to Crypto but it will follow. IMO. First and foremost for me is the expertise of the CypherPunk team. Very impressive.
I was just assigned Moderator on this board and updated the intro.
In case someday we get some more interest in this stock.
Folks are missing out on a extraordinary opportunity not getting into this stock early. Crypto is getting more and more attention from the bigger dogs and institutions. This stock will reap many rewards as digital crypto begins to mature.
Buying here again this morning. Love accumulating at this cheap price.
This should be mid $.30's at a minimum NOW. SO $.071 is a wonderful price.
I exited Grid this morning. I think it will do well long term. But I wanted to load up on KHRIF CypherPunk Holding. I think crypto will do very well this year and wanted to take a huge position in Cypherpunk while it is still cheap. I sold at about 60% profits on Gird. SO did ok getting into Grid. But moving on.