Sixty Six Capital Announces Closing of Private Placement
Sixty Six Capital (CSE: SIX) has successfully completed a non-brokered private placement, raising CAD$3.44 million (USD$2.51 million) through the issuance of 24.58 million common shares at CAD$0.14 per share.
The proceeds will be used for purchasing BTC and general corporate purposes. The offering included participation from company insiders, with Mr. David Rowe now controlling 42.82% and Mr. Robert Keith holding 34.55% of outstanding shares post-offering. A share loan arrangement was established where certain subscribers received 19.59 million unrestricted common shares as a loan from Mr. Rowe, secured by an equal number of newly issued shares.
All securities issued are subject to a four-month hold period plus one day.Sixty Six Capital (CSE: SIX) ha completato con successo un collocamento privato senza intermediari, raccogliendo 3,44 milioni di CAD (2,51 milioni di USD) attraverso l'emissione di 24,58 milioni di azioni ordinarie a 0,14 CAD per azione.
I proventi saranno utilizzati per l'acquisto di BTC e per scopi aziendali generali. L'offerta ha visto la partecipazione di dirigenti della società, con il signor David Rowe che ora controlla il 42,82% e il signor Robert Keith che detiene il 34,55% delle azioni in circolazione dopo l'offerta. È stato inoltre istituito un accordo di prestito azionario, in cui alcuni sottoscrittori hanno ricevuto 19,59 milioni di azioni ordinarie senza restrizioni come prestito dal signor Rowe, garantito da un numero uguale di azioni di nuova emissione.
Tutti i titoli emessi sono soggetti a un periodo di blocco di quattro mesi più un giorno.
Sixty Six Capital (CSE: SIX) ha completado con éxito una colocación privada sin intermediarios, recaudando 3,44 millones de CAD (2,51 millones de USD) mediante la emisión de 24,58 millones de acciones ordinarias a 0,14 CAD por acción.
Los fondos se utilizarán para la compra de BTC y fines corporativos generales. La oferta incluyó la participación de directivos de la empresa, con el Sr. David Rowe controlando ahora el 42,82% y el Sr. Robert Keith poseyendo el 34,55% de las acciones en circulación después de la oferta. Se estableció un acuerdo de préstamo de acciones donde ciertos suscriptores recibieron 19,59 millones de acciones ordinarias sin restricciones como préstamo del Sr. Rowe, garantizado por un número igual de acciones recién emitidas.
Todas las acciones emitidas están sujetas a un período de retención de cuatro meses más un día.
Sixty Six Capital (CSE: SIX)� 중개� 없이 사모 투자� 성공적으� 완료하여 주당 0.14 CAD� 2,458� 보통주를 발행하여 344� CAD(251� USD)� 조달했습니다.
조달� 자금은 비트코인(BTC) 구매 � 일반 기업 목적� 사용� 예정입니�. 이번 공모에는 회사 내부자가 참여했으�, David Rowe 씨는 공모 � 전체 주식� 42.82%�, Robert Keith 씨는 34.55%� 보유하게 되었습니�. 일부 구독자들은 David Rowe 씨로부� 1,959� 주의 제한 없는 보통주를 대출받� 주식 대� 계약� 체결했으�, 이는 동일� 수량� 신주� 담보되었습니�.
발행� 모든 증권은 4개월� 1일의 보유 기간� 적용됩니�.
Sixty Six Capital (CSE : SIX) a réussi à mener à bien un placement privé sans courtier, levant 3,44 millions de CAD (2,51 millions de USD) par l'émission de 24,58 millions d’actions ordinaires à 0,14 CAD par action.
Les fonds seront utilisés pour l’achat de BTC et des besoins généraux de l’entreprise. L’offre a inclus la participation d’initiés de la société, avec M. David Rowe contrôlant désormais 42,82 % et M. Robert Keith détenant 34,55 % des actions en circulation après l’offre. Un accord de prêt d’actions a été mis en place, où certains souscripteurs ont reçu 19,59 millions d’actions ordinaires sans restriction en prêt de M. Rowe, garanties par un nombre égal d’actions nouvellement émises.
Tous les titres émis sont soumis à une période de blocage de quatre mois plus un jour.
Sixty Six Capital (CSE: SIX) hat erfolgreich eine nicht vermittelte Privatplatzierung abgeschlossen und dabei 3,44 Millionen CAD (2,51 Millionen USD) durch die Ausgabe von 24,58 Millionen Stammaktien zu je 0,14 CAD pro Aktie eingeworben.
Die Erlöse werden für den Kauf von BTC und allgemeine Unternehmenszwecke verwendet. An dem Angebot nahmen Insider des Unternehmens teil, wobei Herr David Rowe nun 42,82 % und Herr Robert Keith 34,55 % der ausstehenden Aktien nach dem Angebot hält. Es wurde eine Aktienkreditvereinbarung getroffen, bei der bestimmte Zeichner 19,59 Millionen uneingeschränkte Stammaktien als Darlehen von Herrn Rowe erhielten, die durch eine gleiche Anzahl neu ausgegebener Aktien besichert sind.
Alle ausgegebenen Wertpapiere unterliegen einer Haltefrist von vier Monaten plus einem Tag.
- Raised CAD$3.44 million (USD$2.51 million) in fresh capital
- Significant insider participation demonstrates management confidence
- No finder's fee required, reducing offering costs
- Significant dilution with 24.58 million new shares issued
- Heavy insider concentration with two shareholders controlling over 77% of shares
- Share loan arrangement could potentially impact market dynamics
Toronto, Ontario--(Newsfile Corp. - July 22, 2025) - Sixty Six Capital Inc. (CSE: SIX) ("Sixty Six" or the "Company") announces that, further to its press release of June 25, 2025, it has completed its non-brokered private placement financing through the issuance of 24,584,110 common shares (each, a "Common Share") in the capital of the Company at a price of CAD
Gross proceeds raised from the Offering will be used for the purchase of BTC and for working capital and general corporate purposes.
All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. No finder's fee is expected to be paid in connection with the Offering.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Offering constituted a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") as insiders of the Company subscribed for an aggregate of 6,096,608 Common Shares. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the participation in the Offering by insiders does not exceed
Prior to the completion of Offering, Mr. David Rowe beneficially owned or controlled an aggregate of 97,692,571 Common Shares and 2,958,777 stock options, representing approximately
Prior to the completion of the Offering, Mr. Robert Keith beneficially owned or controlled an aggregate of 75,879,283 Common Shares, representing approximately
In connection with the Offering, certain purchasers of the Common Shares (the "Subscribers") entered into share loan and pledge agreements with Mr. David Rowe, a director, officer and control person of the Company (the "Lender"), pursuant to which the Lender loaned to the Subscribers an aggregate of 19,596,218 Common Shares without resale restriction. As collateral, the Subscribers pledged to the Lender an equal number of Common Shares purchased pursuant to the closing of the Offering.
About Sixty Six Capital
Sixty Six is an investment company specialising in crypto and AI assets.
For more information, please visit: .
For more information, please contact:
David Rowe
Chief Executive Officer
15 Percy Street
London W1T 1DS
United Kingdom
Tel: +44 207 1268354
Neither the CSE nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at . Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
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