Wellfield Provides Update to Shares for Debt Transaction
Toronto, Ontario--(Newsfile Corp. - August 21, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) (the "Company" or "Wellfield") is pleased to announce that, further to the Company's June 3, 2024 news release (the "Original News Release"), the Company has decreased the aggregate indebtedness to be settled (the "Debt Settlement") through the issuance of common shares in the capital of the Company (the "Common Shares") to $676,970 (the "Debt") through the issuance of 11,043,395 Common Shares (the...
2024-08-21 4:35 PM EDT
Wellfield to Launch Platform Upgrade for Tradewind, Pursue Spin-out
Toronto, Ontario--(Newsfile Corp. - July 16, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) (the "Company" or "Wellfield") is pleased to announce it is nearing the launch of a major platform upgrade, which management believes is poised to revolutionize the institutional digital gold market. Acquired by Wellfield in 2023, Tradewind's VaultChain Gold sets the standard for digital gold, offering digitized ownership of gold for Custodial Participants of the Royal Canadian Mint. VaultChain Gold...
2024-07-16 8:30 AM EDT
Wellfield Announced $100,000 Second Tranche Drawdown with Alumina Partners
Vancouver, British Columbia--(Newsfile Corp. - June 19, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) (the "Company" or "Wellfield"), a fintech company specializing in innovative solutions leveraging blockchain technology, is pleased to announce the second tranche drawdown of $100,000 (the "Second Tranche") pursuant to the investment agreement dated March 1, 2024 (the "Investment Agreement") with Alumina Partners (Ontario) Ltd., an affiliate of New York-based private equity firm Alumina...
2024-06-19 8:41 AM EDT
Wellfield Provides Update to Shares for Debt Transaction
Toronto, Ontario--(Newsfile Corp. - June 12, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) (OTC Pink: WFLDF) (FSE: K8D) (the "Company" or "Wellfield") is pleased to announce that, further to the Company's April 23, 2024 news release (the "Original News Release"), the Company has increased the aggregate indebtedness to be settled (the "Debt Settlement") through the issuance of common shares in the capital of the Company (the "Common Shares") from the previously announced $81,898.97 to...
2024-06-12 8:30 AM EDT
Wellfield Announces Shares for Debt Transaction
Toronto, Ontario--(Newsfile Corp. - June 3, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) (OTC Pink: WFLDF) (FSE: K8D) (the "Company" or "Wellfield") is pleased to announce that it has entered into shares for debt agreements (the "Agreements"), to satisfy an aggregate of $950,593 of the Company's outstanding debt related to the principal and accrued but unpaid portions of the interest payments outstanding under certain convertible debentures of the Company (the "Debentures") as well as...
2024-06-03 4:00 PM EDT
Early Warning News Release Regarding the Shares of Wellfield Technologies Inc.
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2024) - Mr. Levy Cohen ("Cohen") announces that he has filed an early warning report in respect of the common shares (each, a "Common Share") in the capital of Wellfield Technologies Inc. (the "Issuer") acquired by Cohen through the facilities of the TSX Venture Exchange (the "Exchange").On February 8, 2023, the Issuer issued Common Shares from treasury (the "Issuance"). Following the Issuance, Cohen's resulting beneficial ownership in...
2024-05-24 8:30 AM EDT
Wellfield Technologies Advances DeFi Leadership with Strategic Innovations and Reinforces its Positioning and Value Proposition
Toronto, Ontario--(Newsfile Corp. - May 9, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) has made significant strides in solidifying its position as a frontrunner in the decentralized finance landscape. Leveraging strategic collaborations and our technological innovations, Wellfield is actively shaping the future of digital finance. Now that many regulatory obstacles are being resolved, we will accelerate our go-to-market and traffic building efforts, benefiting the industry as a whole. To...
2024-05-09 9:15 AM EDT
Wellfield Updates on Bitcoin Halving and Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - April 23, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) is pleased to comment on the recent Bitcoin halving, a significant event that reduces the reward for mining Bitcoin transactions and theoretically increases the cryptocurrency's scarcity and value. Occurring approximately every four years, this halving is the first since the launch of US-based spot Bitcoin ETF products earlier this year, signaling broader adoption and recognition of Bitcoin as a...
2024-04-23 4:00 PM EDT
Wellfield Technologies: Transforming Institutional and DeFi Gold Investing
Toronto, Ontario--(Newsfile Corp. - April 4, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) is pleased to provide additional information on its two distinct gold ecosystems aimed at reshaping the landscape of gold investing: VaultChain Gold and wGLD.VaultChain Gold, the result of Wellfield's acquisition of Tradewind Markets in 2023, represents a significant advancement in institutional gold investing and wGLD, for the DeFi community announced last week.VaultChain Gold and wGLD represent...
2024-04-04 9:10 AM EDT
Wellfield Announces wGLD: Digital Gold Now Available on Blockchain
Toronto, Ontario--(Newsfile Corp. - March 28, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) (FSE: K8D) (the "Company" or "Wellfield"), proudly announces wGLD, available now at www.wellfield.gold and soon accessible to Coinmama customers through Coinmama.com. This release signifies a pivotal advancement in Wellfield's effort to establish an open and liquid DeFi gold ecosystem on Ethereum. In line with the Company's previously announced DeFi Layer 2 Initiatives, wGLD launched on Optimism-a...
2024-03-28 8:30 AM EDT
Wellfield Announces Strategic DeFi Layer 2 Initiatives on Optimism
Toronto, Ontario--(Newsfile Corp. - March 26, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) (FSE: K8D) (the "Company" or "Wellfield"), is excited to announce significant developments launching key initiatives exclusively within the Optimism ecosystem, a leading Ethereum Layer 2 (L2) solution. These initiatives, which have been in active development for some time, include the imminent rollout of Wellfield's tokenized gold ecosystem, a strategic upgrade of the Tradewind Ledger, Coinmama's...
2024-03-26 8:30 AM EDT
Wellfield and Paybis Forge Partnership to Intensify Coinmama's Capabilities
Toronto, Ontario--(Newsfile Corp. - March 20, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) (the "Company" or "Wellfield") is excited to announce our strategic partnership with Paybis, a significant step forward in bolstering Coinmama's operational capabilities as we expand our product and service offerings. Paybis' expertise in regulatory compliance and their robust domestic payment processing connections will be instrumental in supporting Coinmama's customer onboarding process and...
2024-03-20 8:30 AM EDT
Wellfield Updates on Positive Impact of Ethereum's Dencun Upgrade
Toronto, Ontario--(Newsfile Corp. - March 18, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) (the "Company" or "Wellfield") is pleased to provide an update following Ethereum's biggest upgrade in almost a year, aimed at improving scalability and lowering transaction fees. On Ethereum Layer 2 blockchains, also known as Rollups, network fees have dropped to a mere one cent, including on Coinmama's recently announced decentralized exchange. These developments reinforce management's confidence...
2024-03-18 8:30 AM EDT
Wellfield Launches New Decentralized Finance Services on Coinmama.com
Coinmama is one of the world's most enduring and trusted brands with over 3.8M registered users, to safely and effortlessly buy BTC, ETH, and other cryptocurrencies.Coinmama has launched a new decentralized trading offering, giving users access to hundreds of digital assets and the largest decentralized exchanges across blockchain from one simple and effortless place.This launch marks the first of a series of upcoming products that connects users directly to the most popular DeFi markets from...
2024-03-15 8:30 AM EDT
Wellfield Enters Into $5 Million Equity Facility with Alumina Partners
Vancouver, British Columbia--(Newsfile Corp. - March 12, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) (the "Company" or "Wellfield"), a fintech company specializing in innovative solutions leveraging blockchain technology, has entered into an agreement for a drawdown equity financing facility with Alumina Partners (Ontario) Ltd. ("Alumina"), an affiliate of New York-based private equity firm Alumina Partners, LLC. The Investment Agreement will provide the Company with access to up to...
2024-03-12 8:30 AM EDT
Wellfield Technologies, Inc. Reports Q3 Financial Results
Toronto, Ontario--(Newsfile Corp. - March 1, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company" or "Wellfield"), announces the release of its unaudited financial results for the third quarter ended December 31, 2023, which are available on the Company's SEDAR+ profile at www.sedarplus.ca. All currency referenced used in this news release are in Canadian dollars ($) unless otherwise noted.Financial HighlightsGross margins of $0.92 million for Q3 compared...
2024-03-01 8:30 AM EST
Wellfield Updates on Its Bitcoin-DeFi Strategy and Patent Status
Toronto, Ontario--(Newsfile Corp. - February 29, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) (the "Company" or "Wellfield") is excited to announce progress in the patent application process for PCT/US2022/028228, now advancing into the late examination phase. This milestone reflects our 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...
2024-02-29 7:15 AM EST
Wellfield Partners with Banxa to Drive Coinmama's Growth
Toronto, Ontario--(Newsfile Corp. - February 20, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) (the "Company" or "Wellfield") is pleased to announce its partnership with Banxa (TSXV: BNXA) aimed at driving growth for Coinmama, Wellfield's wholly owned subsidiary. In 2023, Wellfield completed a significant operational reorganization at Coinmama to improve efficiency and reach operational profitability, while also laying the groundwork for new product expansion and user growth initiatives....
2024-02-20 7:15 AM EST
Wellfield Technologies Inc. Enlists Fireblocks to Enhance Its Digital Asset Operations and Product Offerings
Toronto, Ontario--(Newsfile Corp. - February 9, 2024) - Wellfield Technologies Inc. (TSXV: WFLD) (the "Company" or "Wellfield"), proudly announces its strategic collaboration with Fireblocks, the industry's most trusted and innovative platform to securely support digital assets and cryptocurrencies. This relationship establishes Wellfield with world-class security and solutions to execute on the Company's mission and quickly bring new products to market. Through this collaboration, Wellfield...
2024-02-09 7:15 AM EST
Wellfield Technologies Inc. Advancing Its Tokenized Gold Initiative - Announcing Yield on Gold
Wellfield will offer a unique and undeniable investment - principal protected yield on gold - made accessible for blockchain native and traditional investors.Toronto, Ontario--(Newsfile Corp. - February 1, 2024) -...
2024-02-01 7:30 AM EST