- The company issued 320,005 units at a price of $0.70 per unit for gross proceeds of $224,000
- Net proceeds will be used for working capital
- SkyChain Technologies is a Canadian-based company providing blockchain infrastructure services and power solutions
- Skychain Technologies Inc. (SCT) opened trading at C$0.68 per share
SkyChain Technologies ( SCT) has successfully completed its previously announced private placement.
The company issued 320,005 units at a price of $0.70 per unit for gross proceeds of $224,000. Each unit consists of one common share and one non-transferable share purchase warrant. Each purchase warrant is exercisable to acquire one share at a price of $1.20 until September 22, 2022.
Net proceeds will be used for working capital. SkyChain will pay finder’s fees of $2,100.
The securities are subject to a statutory hold period expiring on January 23, 2022.
SkyChain Technologies is a Canadian-based company providing blockchain infrastructure services and power solutions.
Skychain Technologies Inc. (SCT) opened trading at C$0.68 per share.
