Blockmate Ventures Receives Strategic Investment

Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1), commonly known as Blockmate, has announced a significant development regarding its financial growth. As of December 17, 2024, the company is excited to share that it has secured commitments for a strategic investment totaling CAD $1,400,000 from a group of investors led by Antanas Guoga, also known as Tony G. This investment aims to facilitate the expansion of Blockmate's portfolio.

Blockmate’s primary asset is its controlling stake in Hivello Holdings Ltd, which has been able to attract independent capital since December 2023. The recent investment will provide additional support to launch new ventures under the Blockmate brand.

Leadership and Vision

Antanas Guoga, known for his innovative approach and strong investment trends, serves as the chairman and major shareholder of Sol Strategies Inc., which is a Canadian holding company focused on technologies and cryptocurrency. Sol Strategies has recently achieved a market capitalization exceeding CAD $300 million. Guoga previously served as a Member of the European Parliament, advocating for advancements in digital and technological sectors, which gives him a wealth of experience in innovative technologies.

Justin Rosenberg, the CEO of Blockmate, expressed enthusiasm about receiving support from Guoga and his associates. He considers it a pivotal milestone for Blockmate that enhances the company's aspiration to lead in blockchain and sustainability. Rosenberg emphasized that the expertise and vision offered by Guoga would enable Blockmate to expedite its plans and develop scalable solutions rapidly.

Investment Offering Details

The strategic investment will be executed through a non-brokered private placement wherein Blockmate intends to issue 14,000,000 units priced at $0.10 each. Each unit consists of one common share and a warrant enabling the purchase of another common share at $0.50 for a thirty-six-month term. Notably, Guoga has agreed to a twelve-month resale restriction on the 10,000,000 units he plans to purchase, while the remaining units will have a statutory hold period of four months and one day. The completion of this offering is subject to regulatory approval from the TSX Venture Exchange.

About Blockmate Ventures Inc.

Blockmate is dedicated to creating and developing fast-growing tech companies, particularly in advanced fields such as blockchain and renewable energy. The company provides a comprehensive ecosystem for projects in incubation, offering technological support, services, and advisement geared towards effective market entry and monetization. Its recent initiatives include Hivello, known for its free passive income app (www.hivello.com), and Sunified, which focuses on digital solutions for solar energy.

Blockmate has established a leadership team with a long history of founding successful technology ventures, spanning from the Dotcom era to contemporary social media innovations.

For those interested in continuous updates and insights into Blockmate's ventures, the company encourages potential investors to join its mailing list through the subscription available on their website.

Investment, Blockchain, Technology