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Canadian tech company Matador announced a private sale financing of 3 million CAD, with some of the funds to be used to increase its Bitcoin holdings.
ChainCatcher news, Canadian technology company Matador Technologies Inc. recently announced a private sale, with a maximum issuance of 5,454,546 units at a price of 0.55 CAD per share. Matador expects to raise a total of up to 3 million CAD. It is anticipated that approximately one-third of the net proceeds from this issuance will be used for the following purposes:
Purchase Bitcoin; Promote the company’s gold acquisition and Grammy business plan; General company use.