PriceSensitive

Canada Computational Unlimited (TSXV:SATO) closes $3.3M private placement

Cryptocurrency
TSXV:SATO
21 January 2022 09:45 (EDT)

Canada Computational Unlimited has successfully closed its non-brokered private placement for gross proceeds of approximately $3,286,484.

The corporation issued 3,912,481 shares at a price of $0.84 per share. 

Net proceeds from the offering for general working capital purposes.

The shares issued are subject to a statutory hold period expiring May 21, 2022.

CCU.ai operates a state-of-the-art, carbon-neutral bitcoin mining center with a contract of 20 MW of stable, eco-friendly energy. The company’s high-density calculation centers are built for high-grade cryptocurrency mining, AI data processing, and fintech infrastructure.

Canada Computational Unlimited Corp. (SATO) opened trading at C$0.76 per share.

Related News