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SkyChain (TSXV:SCT) closes private placement

Technology
TSXV:SCT
14 January 2022 08:45 (EST)

Skychain Technologies (SCT) has completed its non-brokered private placement for gross proceeds of $1,158,140.

Skychain issued 2,757,475 common shares at a price of $0.42 per share.

The proceeds will be used for general and administrative expenses and for current and new project evaluation and development. All securities issued pursuant to the Private Placement will be subject to a hold period of four months and one day.

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

Skychain Technologies Inc. (SCT) opened trading at C$0.35 per share.

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