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SkyChain (TSXV:SCT) announces $2M private placement and appoints new Director & CEO

Technology
TSXV:SCT
23 December 2021 10:45 (EDT)

SkyChain Technologies (SCT) has appointed Dr. Richard Du as Director, Chairman of the Board and CEO. 

A company controlled by Dr. Richard Du has entered into a private placement for total proceeds of $2,000,000. Funds from the placement will be used to fund the development of the company’s existing projects and to pursue new business opportunities.

Dr. Richard Du received his Ph.D. in electronics engineering from Zhejiang University in 1991. He is a proven entrepreneur and financier as a founder of several successful hi-tech companies spanning Silicon Valley, USA, Vancouver, Canada and Guangdong, China. Dr. Du holds several core patents (and proprietary research) in the fields of fibre laser, digital lithography, and molecular layer assembly.

SkyChain Technologies is a Canadian-based company providing Blockchain Infrastructure services and power solutions.

Skychain Technologies Inc. (SCT) is up 1.49 per cent on the day, trading at C$0.34 per share.

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