• The company plans to offer up to 468,750 units at a price of $0.64 per unit for gross proceeds of up to $300,000
  • Each unit will consist of one common share and one non-transferable share purchase warrant
  • Proceeds from the placement will be used to purchase equipment
  • Skychain Technologies is a Vancouver-based company providing blockchain infrastructure services and power solutions
  • Skychain Technologies Inc. (SCT) opened trading at C$0.64 per share

Skychain Technologies (SCT) has announced plans to undertake a non-brokered private placement.

The company plans to offer up to 468,750 units at a price of $0.64 per unit for gross proceeds of up to $300,000.

Each unit will consist of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at a price of $1.50 per share for a period of two years.

Proceeds from the placement will be used to purchase equipment.

The private placement is subject to the approval of the TSX Venture Exchange.

All securities issued will be subject to a hold period of four months and one day.

Skychain Technologies is a Vancouver-based company providing blockchain infrastructure services and power solutions.

Skychain Technologies Inc. (SCT) opened trading at C$0.64 per share.

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