iMining - Khurram Shroff, Chairman and CEO.
Khurram Shroff, Chairman and CEO.
Source: iMining Blockchain and Cryptocurrency Inc.
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  • iMining Technologies (IMIN) has closed a non-brokered private placement, raising gross proceeds of $999,999.92
  • The company issued 11,764,705 units at $0.085 per unit
  • Proceeds from the offering will be used to finance mining infrastructure expenses and for marketing and other related activities
  • iMining is a Web3.0 technology company
  • iMining Technologies Inc. (IMIN) is unchanged on the day, trading at C$0.085 per share at 1:30 pm ET

iMining Technologies (IMIN) has closed its previously-announced non-brokered private placement, raising gross proceeds of $999,999.92.

The company issued 11,764,705 units at $0.085 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for $0.21 per share for a period of 2 years.

Warrants are subject to an acceleration clause.

Proceeds from the offering will be used to finance mining infrastructure expenses and for marketing and other related activities.

All securities issued are subject to a statutory four-month hold period.

Gary Arca has resigned as Director and Chief Financial Officer, effective September 1, 2022. Saleem Moosa has been appointed CFO.

iMining is a Web3.0 technology company developing technology for crypto mining, decentralized Finance and non-fungible tokens.

iMining Technologies Inc. (IMIN) is unchanged on the day, trading at C$0.085 per share at 1:30 pm ET.


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