(via TheNewswire)
July 31, 2025 – TheNewswire - Toronto, Ontario – Blue Horizon Global Capital Corp. (CSE: BHCC) (“Blue Horizon” or the “Corporation”), a dynamic investment company focused on identifying and nurturing innovative enterprises, today announced that, further to its press release of July 9, 2025, Blue Horizon and C2 Technology Innovations Ltd. (“C2”) have entered into a securities purchase agreement dated July 28, 2025 (the “Agreement”). C2 is an arm’s length Ontario-based company at the forefront of breakthrough technological advancements.
Under the terms of the Agreement, the Corporation will acquire an aggregate of up to 15% of the issued and outstanding securities of C2 (the “C2 Shares”) for a total purchase price of $30 million. The acquisition will be structured in three (3) tranches:
For the initial 5% ownership interest, the Corporation will pay $10 million, which will be satisfied through the issuance of an aggregate 200 million common shares (the “Consideration Shares”) in the capital of the Corporation at a price of $0.05 per Consideration Share.
For an additional 2.5% ownership interest, the Corporation will pay $5 million, which will be satisfied through the issuance of a secured convertible debentures (the Debentures”). The Debentures will be secured against a certain number of the C2 Shares, have a term of five (5) years and will be convertible into common shares in the capital of the Corporation at a price of $0.05 per share.
For the remaining 7.5% ownership interest, Blue Horizon will pay $2 million per additional 1% ownership interest as cash consideration up to a maximum of $15 million (the Cash Consideration”).
All securities issued pursuant to the Agreement are subject to a statutory hold period of four months and one day.
The issuance of the Consideration Shares and the Debentures may require the approval of the shareholders for the proposed dilution, with the potential to materially affect control and the Corporation. Blue Horizon is of the opinion that the issuance of the Consideration Shares and the Debentures does not require shareholder approval as the Corporation is an investment issuer and is not issuing common shares equal to 100% of the Corporation’s issued and outstanding securities. Should the issuance of shares upon the exercise of the Debentures result in the Corporation requiring shareholder approval, the Corporation shall obtain such approval prior to the issuance of the shares.
About C2
C2 is a private company based in Ontario, Canada, dedicated to bringing innovations to market. C2 has secured exclusive master license agreements for four (4) technologies in the energy, artificial intelligence, and visual computing sectors. These technologies include:
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C2 will act as a conduit for the commercialization of these technologies, introducing and showcasing these innovations to the market through hands-on demonstrations and strategic partnerships with leading innovators. It is anticipated that the Corporation and C2 will fund the commercialization of the technologies through the strategic partnerships and future financings.
About Blue Horizon
Blue Horizon is an investment company whose primary objective is to identify promising companies with excellent projects, innovative technologies or both, using management’s extensive experience in deal sourcing and capital combination to maximize returns for its shareholders. Blue Horizon will invest its funds with the aim of generating returns from capital appreciation and investment income. It intends to accomplish these goals through the identification of and investment in securities of private and publicly listed entities across a wide range of sectors and industry areas, including but not limited to the technology, software development and biotechnology industries.
Contact:
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For the Corporation: Alex MacKay Chief Executive and Financial Officer Tel: 416.989.1067 Email: [email protected] |
For C2: Edward Chan Chief Executive Officer Email: [email protected] |
Neither the Canadian Securities Exchange nor its Regulation Services Provider have reviewed or accept responsibility for the adequacy or accuracy of this release.
Cautionary Statement
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Blue Horizon’s current belief or assumptions as to the outcome and timing of such future events. Forward-looking information is based on reasonable assumptions that have been made by Blue Horizon at the date of the information and is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking information. Given these risks, uncertainties and assumptions, you should not unduly rely on these forward-looking statements. The forward-looking information contained in this press release is made as of the date hereof, and Blue Horizon is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The foregoing statements expressly qualify any forward-looking information contained herein.
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