Vancouver, British Columbia–(Newsfile Corp. – March 28, 2026) – Skychain Technologies Inc. (TSXV: SCT.H) (the “Company” or “Skychain”) provides a further update regarding its financial position, asset status, and the ongoing transition to the board of directors appointed pursuant to the order of the Supreme Court of British Columbia dated January 15, 2026.
As previously disclosed, the Company has encountered significant difficulties in obtaining corporate records, financial information, operational data, and physical assets from prior management. To date, the Company has received only limited physical records, consisting primarily of paper documents from approximately 2018 to 2021, and has not obtained access to electronic systems, data, or complete corporate records for the period from 2022 to 2026.
Based on the information currently available, the Company has identified approximately $230,000 CAD in known outstanding liabilities, including amounts relating to legal fees, office rent, professional services, exchange fees, and storage costs. A significant portion of these amounts relates to an invoice submitted by a former officer of the Company during their period of service. The Company notes that additional liabilities may exist, as complete financial records have not yet been obtained.
The Company’s bank account at BMO currently has a balance of approximately $7.27 CAD. The board was able to identify and regain access to this account through direct communication with the financial institution. The Company is continuing efforts to obtain access to other banking accounts, including accounts previously maintained at TD Bank, for which access has not yet been obtained.
Historically, the Company maintained significant cash balances and operated with physical equipment and infrastructure. However, based on the information currently available, the Company has not been able to locate any material assets. This includes equipment associated with the Company’s Birtle, Manitoba project, which was previously acquired at a value in the millions of dollars and has not been located to date.
Due to the absence of records, the Company is not currently able to determine how corporate funds were used or how assets were transferred, disposed of, or otherwise dealt with during the period from 2022 to 2026.
Due to the lack of a proper transfer of Company records, the current board is still in the dark about the Company’s past operations and assets. We are actively seeking information about Skychain and its subsidiaries from investors, former employees, and any other parties who may be able to help.
