VANCOUVER, BC, January 9th, 2025 – The BC Bud Corporation (CSE: BCBC) (OTCQB: BCBCF) (“The BC Bud Co” or the “Company”) is pleased to announce a proposed non-brokered private placement (the "Placement") to raise up to $1,000,000 through the sale of up to 13,333,333 units (each a "Unit") at a price of $0.075 per Unit.
Each Unit will be comprised of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at a price of $0.15 per share for a period of 24 months.
No finder's fees are expected to be paid on any portion of the Placement. The Company expects to use the net proceeds of the Placement for general and administrative purposes, and the Placement is expected to close on or around January 24, 2025.
Purchase of XRP
Further to the news release dated December 3, 2024, the Company is pleased to announce that it has opened an account with Coinsquare and has begun accumulating XRP with its cash reserves.
Engagement of Market Maker
The Company is also pleased to announce that it has entered into a market stabilization and liquidity services agreement (the "Agreement") with Red Cloud Securities Inc. ("RCSI") to provide market-making services in accordance with the policies of the Canadian Securities Exchange ("CSE").
Under the Agreement, RCSI will trade the Company's shares on the CSE for the purposes of maintaining reasonable bid and offer spreads and improving the liquidity of the Company’s shares (the "Services").
RCSI will begin providing the Services on January 15, 2025, and will continue on a monthly basis for a cash fee of $5,000 per month.
RCSI will not receive shares or options as compensation for its services; however, RCSI or its clients may have or may acquire a direct interest in the securities of the Company. The Company and RCSI are unrelated and unaffiliated entities. RCSI is a member of the Canadian Investment Regulatory Organization (CIRO) and can access all Canadian stock exchanges and alternative trading systems.
RCSI Contact Information:
📍 Business Address: 120 Adelaide Street West, Suite 1400, Toronto, ON M5H 1T1
📧 Email:
info@redcloudsecurities.com
About The BC Bud Co.
The BC Bud Co. is a house of brands created by industry professionals who are passionate about the user experience.
On behalf of the Board of Directors of The BC Bud Co.
Brayden Sutton
Chief Executive Officer & Director
Investor Relations
📞 Phone: 1-(778)-656-0377
📧 Email:
info@thebcbc.com
🌐 Web:
www.thebcbc.com
Forward-Looking Statements
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or performance and reflect management’s expectations or beliefs regarding future outcomes.
Generally, forward-looking statements can be identified by the use of terminology such as "intends," "anticipates," or variations of such words and phrases, as well as statements indicating that certain actions, events, or results "may," "could," "should," "would," or "occur."
These statements, made as of the date of this news release, include but are not limited to:
- The completion of the Placement and its terms.
- The expectation that no finder’s fees will be paid.
- The anticipated use of net proceeds from the Placement.
- The expected closing date for the Placement.
Material Assumptions:
The Company has made certain assumptions, including but not limited to:
- That the Placement will be completed on expected terms and conditions.
- That the Company will receive all necessary corporate approvals.
- That the Company will use the net proceeds as anticipated.
- That no finder’s fees will be required.
- That the Placement will close within the expected timeframe.
Risk Factors:
These forward-looking statements involve numerous risks and uncertainties, including but not limited to:
- The risk that the Company may not receive necessary corporate approvals.
- The risk that the Company may fail to complete the Placement as disclosed or at all.
- The risk that the Company may not use the net proceeds as currently anticipated.
- The possibility that finder’s fees may be required.
- The risk that the Placement may not close within the expected timeframe.
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other unforeseen factors. There is no guarantee that forward-looking statements will prove to be accurate, and actual results may differ materially from expectations. Readers are advised not to place undue reliance on forward-looking statements.
The Company does not undertake to update any forward-looking statements unless required by applicable securities laws.
Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.