Announcement • Nov 19
Wellfield Technologies Inc., Annual General Meeting, Jan 20, 2025 Wellfield Technologies Inc., Annual General Meeting, Jan 20, 2025. Announcement • Mar 13
Wellfield Technologies Inc. announced that it expects to receive CAD 5 million in funding Wellfield Technologies Inc. announced that it has entered into a purchase agreement for private placement of units for gross proceeds of up to $5,000,000 on March 12, 2024. The transaction will include participation from new investor Alumina Partners (Ontario) Ltd. The company will receive funding in 24 months period. The company will raise funding through equity line. Each unit will be comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price equal to a 25% premium to the unit price under such tranche, for a period of 36 months from the date of issuance thereof. The company may draw down in one or more tranches of up to CAD 200,000 per tranche. Each tranche of units issued under the investment agreement will be subject to the acceptance of the TSXV, and the securities issued thereunder will be subject to a four month and one day hold period pursuant to applicable securities laws. The investment agreement remains subject to the approval of the TSXV.
On the same day, the company issued 1,904,762 units at a price of CAD 0.0525 per unit for gross proceeds of CAD 100,000.005. Each warrant issued in the first tranche is exercisable into one common share at a price of CAD 0.0875 per common share for a period of 36 months from the date of issuance thereof. Announcement • Mar 01
Wellfield Updates on Its Bitcoin-Defi Strategy and Patent Status Wellfield Technologies Inc. is excited to announce progress in the patent application process for PCT/US2022/028228, now advancing into the late examination phase. This milestone reflects commitment to innovation in Bitcoin, particularly within the realm of enabling Decentralized Finance solutions connected to Bitcoin (Bitcoin DeFi). Wellfield's innovative technology, central to this patent application, unlocks new possibilities for securely leveraging Bitcoin's value across DeFi applications in a completely automated and decentralized way. As Wellfield moves closer to bringing this proprietary solution to market, it is positioned to capture strong demand to integrate Bitcoin's liquidity and value into DeFi, marking a pivotal moment in Wellfield's journey to monetize its technology and acquisitions. Announcement • Dec 08
Wellfield Technologies Inc. Announces Planned Launch of Tokenized Gold Ecosystem Wellfield Technologies Inc. announced the upcoming launch of its Ethereum-based gold ecosystem, following the acquisition of Tradewind Markets. This move marks a significant step in Wellfield's pursuit to unlock the power of decentralized finance and extend blockchain's reach to global gold markets. Integration into the Decentralized Finance Ecosystem: Tokenized gold connects the tangible value of gold with decentralized finance, offering novel financial opportunities and diversification in investment portfolios. This integration transforms gold from an un productive asset class to a form of capital that. benefits from the opportunities on Ethereum. Announcement • Aug 19
Wellfield Technologies Inc., Annual General Meeting, Oct 20, 2023 Wellfield Technologies Inc., Annual General Meeting, Oct 20, 2023. Announcement • Aug 05
Wellfield Technologies Inc. announced that it has received $2.25 million in funding On August 04, 2023, Wellfield Technologies Inc. closed the transaction. The convertible debentures and the warrants comprising the units are subject to a four-month and one day statutory hold period under applicable Canadian securities laws, ending December 4, 2023.The company has received the conditional approval of the TSXV to list the common shares issuable upon conversion of the convertible debentures and exercise of the warrants on the TSXV. Announcement • Jul 27
Wellfield Technologies Inc. (TSXV:WFLD) signed a definitive agreement to acquire Brane Trust Company Ltd. from Brane Inc. for CAD 9.8 million. Wellfield Technologies Inc. (TSXV:WFLD) (Wellfield or the “Company”) signed a definitive agreement to acquire Brane Trust Company Ltd. from Brane Inc. for CAD 9.8 million on July 26, 2023. Brane Trust will operate independently under Wellfield's ownership, with a distinguished board of directors dedicated to ensuring custodial best practices, including industry-leading protection of client assets through regulatory compliance, strict segregation of duties, and secure technology.
Pursuant to the Definitive Agreement, the Company will acquire the Purchased Assets in exchange for the issuance by the Company of: (i) a CAD 8,400,000 convertible debenture (the "First Convertible Debenture"), convertible at any time, at the option of the Company (the "Conversion Right"), into such number of common shares in the capital of the Company (the "Common Shares") equal to the quotient obtained by dividing (a) the principal amount to be converted by (b) the conversion price, at the sole direction of the Company, of either: CAD 0.25 per Common Share; or the maximum applicable discounted market price according to the policies of the TSX Venture Exchange (the "TSXV"); (ii) a CAD 1,350,000 convertible debenture (the "Second Convertible Debenture", and together with the First Convertible Debenture, the "Convertible Debentures") convertible at any time pursuant to the Conversion Right, according to the same terms as the First Convertible Debenture; (iii) cash payment of CAD 150,000; and (iv) the assumption and payment of approximately CAD 90,000 outstanding liabilities of Brane Trust (collectively, the "Consideration"). The Consideration represents an agreed upon value of approximately CAD 9,990,000.
Closing of the Transaction is subject to a number of customary conditions, including receipt of all necessary corporate and regulatory approvals, in particular the approval of the Alberta Government and the TSXV. The Convertible Debentures will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. INFOR Financial Inc. and Front Financial Inc. acted as financial advisors to the Vendors in connection with the Transaction. Announcement • May 19
Wellfield Technologies Inc. Announces Reduction of Approximately Half of Its Workforce Wellfield Technologies Inc. announced reorganization of core business operations for Coinmama, including enhancing and deepening the utilization of operational partnerships and a reduction of approximately half of its workforce. These improvements are expected to create sustainable gross profit enhancements without impeding Coinmama's ability to service its existing customers and grow its business. As part of the reorganization, the Company is continuing to evaluate each business with the goal to improve margins while maintaining the opportunity for continued growth. Announcement • Feb 09
Wellfield Technologies Inc. announced that it has received CAD 3 million in funding On February 8, 2023, Wellfield Technologies Inc. closed the transaction. The transaction included participation from a director of the company acquired 650,000 units for gross proceeds of CAD 130,000. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 46 placees including existing insider involvement of one placee for 650,000. Announcement • Jan 24
Wellfield Technologies Inc. announced that it expects to receive CAD 3 million in funding Wellfield Technologies Inc. announced a non-brokered private placement of up to 15,000,000 units at a price of CAD 0.20 per unit for gross proceeds of up to CAD 3,000,000 on January 23, 2023. Each unit is comprised of one common share without par value in the capital of the Company and one purchase warrant to purchase a common share. Each warrant is exercisable at any time for a period of three years from the date on which such warrants are issued and at a price of CAD 0.45 per share. Under the terms of the Warrants, in the event that if the volume-weighted average price of its common shares over 10 consecutive days traded on the TSXV is at or more than CAD 0.75, the Company has the option to accelerate the expiration date of the warrants to a date that is not less than 30 days from the date of written notice from the Company to the Warrant holders. The Private Placement is expected to close on or around January 27, 2023, subject to adjustment at the discretion of the company and the rules and policies of the TSXV. Closing of the private placement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, in particular approval of the TSXV. All securities issued in connection with the transaction will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. No finder's fees will be paid and no control person has been created with respect to this Private Placement. The transaction will include participation from One of the Company's directors for acquire 680,000 units. 
