{"id":458410,"date":"2021-03-16T07:33:06","date_gmt":"2021-03-16T11:33:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458410"},"modified":"2021-03-16T07:33:06","modified_gmt":"2021-03-16T11:33:06","slug":"ether-capital-corporation-announces-ether-purchase","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ether-capital-corporation-announces-ether-purchase\/","title":{"rendered":"Ether Capital Corporation Announces Ether Purchase"},"content":{"rendered":"

<\/p>\n

Ether Capital Corporation Announces Ether Purchase<\/b><\/p>\n

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES<\/i><\/p>\n

TORONTO–(BUSINESS WIRE<\/a>)–
\nEther Capital Corporation (\u201cEther Capital\u201d or the \u201cCompany\u201d) (NEO: ETHC) announced today that it has completed its Ether purchase program following the closing of its overnight marketed offering (the \u201cOffering\u201d) on March 15, 2021.\n<\/p>\n

\nThe Company purchased 11,264 Ether (\u201cETH\u201d) for a purchase price of US$19,616,110, or approximately C$24,500,000. This reflected a cost per ETH of US$1,741. The Company\u2019s Ether balance is now 43,512 Ether.\n<\/p>\n

\n\u201cWe are thrilled to announce this new purchase of Ether with the net proceeds of our recent Offering,\u201d said Brian Mosoff, Ether Capital\u2019s CEO. \u201cEthereum has had an unprecedented year, currently on track to settle trillions of dollars in value in the first quarter of 2021 alone and being driven by a number of fascinating use cases, like decentralized finance and non-fungible tokens (NFTs). We are proud to bring access to this vibrant ecosystem to our shareholders. Ether Capital intends to make a more substantial commitment of its Ether balance to staking which we expect to make an announcement on in due course.\u201d\n<\/p>\n

About Ether Capital Corporation<\/b><\/p>\n

\nEther Capital is a Toronto-based technology company whose long-term objective is to become the central business and investment hub for the Ethereum and Web 3 ecosystem. Ether Capital has invested in Ethereum\u2019s native utility token \u201cEther\u201d as a strategic asset, and selectively invests in projects, protocols and businesses that leverage the Ethereum ecosystem and Web 3 technologies. Founded by a highly experienced Board of Directors and management team, Ether Capital has the experience and relationships to support businesses and invest in industry-shifting disruptive technologies. For more information, visit http:\/\/ethcap.co\/<\/a>.\n<\/p>\n

The content of this document is for informational purposes only, and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. Information contained on this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this document and any representation to the contrary is an offence. Information contained in this document is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice and neither Ether Capital Corporation, nor any of its affiliates, will be held liable for inaccuracies in the information presented. <\/i><\/p>\n

Forward-Looking Information <\/b><\/p>\n

This press release contains \u201cforward-looking information\u201d within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements in regard to the expected date by which the Warrants are expected to commence trading on the NEO and the intended use of proceeds of the Offering and the Private Placement. The Company cautions the reader not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Generally, but not always, forward-looking information can be identified by the use of forward-looking terminology such as \u201cplans\u201d, \u201cexpects\u201d or \u201cdoes not expect\u201d, \u201cis expected\u201d, \u201cbudget\u201d, \u201cscheduled\u201d, \u201cestimates\u201d, \u201cforecasts\u201d, \u201cintends\u201d, \u201con pace\u201d, \u201canticipates\u201d, or \u201cdoes not anticipate\u201d, \u201cbelieves\u201d, and similar expressions or state that certain actions, events or results \u201cmay\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cshould\u201d, \u201cmight\u201d, or \u201cwill\u201d be taken, occur or be achieved. <\/i><\/p>\n

Forward-looking statements are based on information available to management at the time they are made, management\u2019s current plans, estimates, assumptions, judgments and expectations. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: general business, economic, competitive, geopolitical, technological and social uncertainties; uncertainties in regard to the development and acceptance of blockchain technology (including proof of stake and Ethereum 2.0), and the Ethereum platform and anticipated timing and impact of the Ethereum network upgrade, the impact of the outbreak of the COVID-19 coronavirus on the Company, and the other risk factors discussed in the Company\u2019s Annual Information Form dated March 25, 2020, the Risk Factors section in its most recently filed management\u2019s discussion and analysis, the Risk Factors section in its Supplement and Base Shelf Prospectus and its other filings available on-line at www.sedar.com<\/a>. Although the forward-looking information contained in this press release is based on assumptions that the Company believes to be reasonable at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. In addition, the Company cautions the reader that information provided in this press release is provided in order to give context to the nature of some of the Company\u2019s future plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking information, except in accordance with applicable securities laws.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210316005528\/en\/<\/a><\/span><\/p>\n

\nBrian Mosoff
\n
Chief Executive Officer
\n
Brian@ethcap.co <\/a><\/p>\n

\nStefan Coolican
\n
President and Chief Financial Officer
\n
Stefan@ethcap.co<\/a><\/p>\n

KEYWORDS:<\/b> North America Canada<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Professional Services Other Technology Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Ether Capital Corporation Announces Ether Purchase NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO–(BUSINESS WIRE)– Ether Capital Corporation (\u201cEther Capital\u201d or the \u201cCompany\u201d) (NEO: ETHC) announced today that it has completed its Ether purchase program following the closing of its overnight marketed offering (the \u201cOffering\u201d) on March 15, 2021. The Company purchased 11,264 Ether (\u201cETH\u201d) for a purchase price of US$19,616,110, or approximately C$24,500,000. This reflected a cost per ETH of US$1,741. The Company\u2019s Ether balance is now 43,512 Ether. \u201cWe are thrilled to announce this new purchase of Ether with the net proceeds of our recent Offering,\u201d said Brian Mosoff, Ether Capital\u2019s CEO. \u201cEthereum has had an unprecedented year, currently on track … <\/p>\n

Continue reading “Ether Capital Corporation Announces Ether Purchase”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-458410","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEther Capital Corporation Announces Ether Purchase - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ether-capital-corporation-announces-ether-purchase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ether Capital Corporation Announces Ether Purchase - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ether Capital Corporation Announces Ether Purchase NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO–(BUSINESS WIRE)– Ether Capital Corporation (\u201cEther Capital\u201d or the \u201cCompany\u201d) (NEO: ETHC) announced today that it has completed its Ether purchase program following the closing of its overnight marketed offering (the \u201cOffering\u201d) on March 15, 2021. The Company purchased 11,264 Ether (\u201cETH\u201d) for a purchase price of US$19,616,110, or approximately C$24,500,000. This reflected a cost per ETH of US$1,741. The Company\u2019s Ether balance is now 43,512 Ether. \u201cWe are thrilled to announce this new purchase of Ether with the net proceeds of our recent Offering,\u201d said Brian Mosoff, Ether Capital\u2019s CEO. \u201cEthereum has had an unprecedented year, currently on track … Continue reading "Ether Capital Corporation Announces Ether Purchase"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ether-capital-corporation-announces-ether-purchase\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-16T11:33:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210316005528r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ether-capital-corporation-announces-ether-purchase\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ether-capital-corporation-announces-ether-purchase\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ether Capital Corporation Announces Ether Purchase\",\"datePublished\":\"2021-03-16T11:33:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ether-capital-corporation-announces-ether-purchase\\\/\"},\"wordCount\":940,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ether-capital-corporation-announces-ether-purchase\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210316005528r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ether-capital-corporation-announces-ether-purchase\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ether-capital-corporation-announces-ether-purchase\\\/\",\"name\":\"Ether Capital Corporation Announces Ether Purchase - 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