According to Foresight News, Canadian listed technology company Matador Technologies has completed a non-brokered private placement of 1,575,000 Canadian dollars, issuing 2,863,818 units at 0.55 Canadian dollars per unit. Each unit consists of one common share and half a warrant, with each warrant allowing the purchase of one common share at 0.75 Canadian dollars within 12 months of issuance, with an accelerated expiration if the TSX Venture Exchange stock price reaches or exceeds 1.05 Canadian dollars for 5 consecutive days. One-third of the funds will be used to purchase Bitcoin, one-third for advancing gold acquisition and Grammies business, and the remainder for general corporate purposes.
In a previous Foresight News report, Matador Technologies planned a non-brokered private placement, proposing to issue up to 5,454,546 units at 0.55 Canadian dollars per unit, with a maximum total financing of 3 million Canadian dollars (approximately 2.15 million US dollars).
