Total
0
Shares
BIGG Digital Assets (CSE:BIGG) subsidiary partners with Brane Capital on compliance offerings
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Bucephalus (BCA) has entered into a service agreement with Ninepoint Partners as well as an LOI to acquire Layer2 Blockchain
  • Ninepoint Partners is a Canadian alternative investment management firm with $8 billion in assets under management
  • Ninepoint will provide Bucephalus with ongoing marketing and strategic advice, as well as introductions to prospective business contacts
  • Bucephalus has entered into a non-binding letter of intent to acquire Layer2 Blockchain
  • Layer2 Blockchain manages capital, technology and infrastructure in the decentralized finance sector with a focus on scalable layer two DeFi protocols
  • Bucephalus has also formed an Advisory Committee and intends to complete a non-brokered private placement for gross proceeds of up to C$3 million
  • Bucephalus Capital is an investment company focused on private and publicly-listed entities
  • Bucephalus (BCA) is up by 10 per cent and is currently trading at $0.385 per share

Bucephalus (BCA) has entered into a service agreement with Ninepoint Partners as well as an LOI to acquire Layer2 Blockchain.

Ninepoint Partners Agreement

The agreement with Ninepoint Partners is through its Ninepoint Digital Asset Group division.

Through this partnership, Ninepoint will provide Bucephalus with ongoing marketing and strategic advice, assist with the corporate development of planned investment opportunities and provide introductions to prospective business contacts.

Ninepoint will earn C$25,000 per month and be issued 5,000,000 performance warrants exercisable for common shares priced at $0.35 each.

The warrants will expire on the earlier of 3 years or a date that is 90 days after Ninepoint ceases to provide services to the company.

Layer2 Blockchain Acquisition

Bucephalus has also entered into a non-binding letter of intent to acquire Layer2 Blockchain, a company that manages capital, technology and infrastructure in the decentralized finance sector with a focus on scalable layer two DeFi protocols.

Advisory Committee

In addition, Bucephalus has established an Advisory Committee to serve as a strategic resource for the company and has appointed Alex Tapscott as its Chair.

Tapscott is Managing Director of Ninepoint Partners' Digital Asset Group. He is also the co-author of the critically-acclaimed bestseller, Blockchain Revolution.

John McMahon, Bucephalus' CEO, commented,

"We are thrilled to appoint Alex as Chair of our Advisory Committee. Alex is a highly-successful investment professional, and his experience and expertise will bring a unique perspective to our team of advisors and directors."

Private Placement

Bucephalus intends to complete a non-brokered private placement for gross proceeds of up to $3 million.

The company will issue up to 10,000,000 units at $0.30 per unit.

Each unit will consist of one common share and one common share purchase warrant.

Each warrant is exercisable into one common share priced at $0.50 for a period of 36 months from the closing date.

Ninepoint Partners is a Canadian alternative investment management firm with $8 billion in assets under management and institutional contracts.

Bucephalus Capital is an investment company focused on private and publicly-listed entities.

Bucephalus (BCA) is up by 10 per cent and is currently trading at $0.385 per share as of 10:02 am ET.

More From The Market Herald
Bitfarms - CEO, Emiliano Grodzki. - The Market Herald Canada

" Bitfarms (TSXV:BITF) retains LHA for investor relations and advisory services

Bitfarms (BITF) has retained LHA Investor Relations, a leading IR and strategic advisory firm.
SoLVBL Solutions (CSE:SOLV) enters into an agreement with New Foundation Technologies for Non-Fungible Tokens

" Graph Blockchain (CSE:GBLC) announces plans to focus exclusively on NFTs with New World

Graph Blockchain (GBLC) has announced plans to spin off three of its businesses into two independent publicly traded entities.
Cypherpunk Holdings (CSE:HODL) welcomes Ms. Leah Wald to the board

" Cypherpunk Holdings (CSE:HODL) welcomes Ms. Leah Wald to the board

Cypherpunk Holdings (HODL) is pleased to welcome Ms. Leah Wald to the board of directors.
HIVE Blockchain Technologies Ltd. - Executive Chairman, Frank Holmes. - The Market Herald Canada

" HIVE Blockchain (TSXV:HIVE) provides expansion update

HIVE Blockchain (HIVE) has issued a series of corporate updates regarding its growth strategy.