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  • 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.

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