Skychain Technologies Inc. (
TSXV: SCT) (
OTCQB: SKTCF) (the “Company”) announces that it has arranged and successfully closed on the first tranche of securities of a private placement (the “
Offering“) with The9 Limited (the “
The9“) (
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As previously announced by the Company on April 21, 2021 and May 13, 2021, the Company entered into a financing agreement with The9 pursuant to which The9 agreed to subscribe for $2,000,000 of transferable, convertible debentures (the “
Debentures“), at a price of $0.85 per Debenture, and $2,000,000 of units (the “