Blockmate closes $1M private placement, plans Toronto roadshow

Blockmate Ventures Inc. (TSXV: MATE) (OTCQB: MATEF) (FSE: 8MH) has closed a non-brokered private placement raising $1.0 million, exceeding its original target of $750,000, according to a company statement.

The offering consisted of 20,000,000 units priced at $0.05 per unit. Each unit includes one common share and one warrant exercisable at $0.075 per share for 24 months from issuance. All securities are subject to a hold period expiring November 14, 2026. No finder's fees were paid.

Approximately 29% of the offering was subscribed by company directors. Chairman Domenic Carosa, through Carosa Corporation B.V., acquired 5,184,000 units for $259,200, while director Georg Hochwimmer acquired 600,000 units for $30,000. Following the transaction, Carosa holds approximately 13.45% of outstanding common shares on a non-diluted basis, up from approximately 11.81% prior to the offering, based on 171,570,601 common shares outstanding.

Net proceeds will be directed toward advancing the company's Wyoming AI data center project, covering engineering, surveying, site planning, power and fiber diligence, and general working capital.

Blockmate has scheduled a non-deal investor roadshow in Toronto from July 22 to 24, 2026, where management plans to meet with shareholders, brokers, institutional investors, family offices, and strategic partners. The Toronto roadshow follows investor meetings previously held in Vancouver.

"The successful completion of the Offering allows us to continue advancing our Wyoming AI data centre opportunity while broadening our engagement with investors and strategic partners," said Carosa.

The director participation in the offering constitutes a related-party transaction under Multilateral Instrument 61-101. The company relied on exemptions from formal valuation and minority shareholder approval requirements, as the fair market value of the directors' participation did not exceed 25% of the company's market capitalization.

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