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SkyChain Technologies Inc. (TSXV: SCT) announces a 1,315,800 common shares private placement financing offering at a price of $0.95 per share.
SkyChain Technologies Inc. (TSXV:SCT) announces a 1,315,800 common shares private placement financing offering at a price of $0.95 per share. The company plans to close a first tranche of 265,000 shares by February 10, 2021 for gross proceeds of $251,750. The remaining tranche of 1,050,800 shares for gross proceeds of $998,260, is expected to close on or before February 25, 2021.
The funds will be used to upgrade the company’s 20MW crypto hosting facility in Sherbrooke Quebec to 23MW and for general working capital, and the placement will serve to meet a requirement for $1 million in equity to qualify for additional debt funding to meet the closing conditions of the Quebec facility. SkyChain will also continue its R&D effort to develop industry-leading technology for crypto mining equipment.
Skychain Technologies Inc.: Private Placement and SkyChain Update
SkyChain Technologies Inc. (TSXV
: SCT) announces a
1,315,800 common shares private placement financing offering at a price of $0.95 per share. The company plans to close a first tranche of 265,000 shares by February 10, 2021
for gross proceeds of $251,750. The remaining tranche of 1,050,800 shares for gross proceeds of $998,260, is expected to close on or before February 25, 2021.
The funds will be used to upgrade the company s 20MW crypto hosting facility in Sherbrooke Quebec to 23MW and for general working capital, and the placement will serve to meet a requirement for $1 million in equity to qualify for additional debt funding to meet the closing conditions of the Quebec facility. SkyChain will also continue its R&D effort to develop industry-leading technology for crypto mining equipment.