DGTL Holdings Inc. Announces Closing of First Tranche of Non-Brokered Private Placement
OTCQB: DGTHF) (
DGTL or the
Company ) is pleased to announce the closing of the first tranche of the non-brokered private placement announced on November 25, 2020, and updated on December 17, 2020 (the
Offering ). In the first tranche, the Company raised aggregate gross proceeds of $1,116,385 by the issue and sale of 3,189,670 common shares (each a
Common Share ) at a price per Common Share of $0.35. The Company plans to close the balance of the Offering in a second tranche.
The Company intends to use the proceeds of the Offering to develop the software of its wholly owned subsidiary, Hashoff LLC, to service the fastest-growing multimedia social media application markets. Specifically, the Company will finance the software development of the Hashoff SaaS (software-as-a-service) technology platform to service digital media platforms such as TikTok, Snapchat, Twitch, Triller, Reels and