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  • Vinergy Capital, Inc. (VIN)  is pleased to announce a C$1.5 million financing lead by the company's chairman
  • The offering is for 10 million units at a price of $0.15 per unit
  • The company has received subscriptions in excess of $1.5 million and anticipates closing early next week
  • Vinergy Capital Inc. is a capital allocator in high growth and high impact public sectors
  • Vinergy Capital, Inc. (VIN) is down 2.17 per cent, trading at $0.225 per share at 12 pm ET

Vinergy Capital, Inc. (VIN)  is pleased to announce a C$1.5 million financing lead by the company's chairman.

The offering is for 10 million units at a price of $0.15 per unit. Each unit consists of one common share and one-half common share purchase warrant exercisable at $0.25 for a period of 24 months following the closing of the offering.

The warrant expiry may be accelerated in the event the shares trade at $0.50 for 10 consecutive trading days.

The company has received subscriptions in excess of $1.5 million and anticipates closing early next week.

Proceeds will be used to continue the company's capital investment program and to supplement general working capital. The offering remains subject to regulatory approval. Finders' fees may be paid on a portion of the subscriptions.

Alnoor Nathoo, chairman of Vinergy Capital, commented,

"With over 20 years of experience in high growth, consumer-facing businesses in Canada and globally, I am very excited by the mainstream adoption of Bitcoin, decentralized finance and alternatives to fiat currencies. This paradigm shift is creating a once-in-a-generation opportunity and I look forward to Vinergy being at the forefront of this revolution."

Vinergy Capital Inc. is a capital allocator in high growth and high impact public sectors.

Vinergy Capital, Inc. (VIN) is down 2.17 per cent, trading at $0.225 per share at 12 pm ET.

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