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Skychain (TSXV:SCT) announces $0.5 million private placement

Cryptocurrency, The Market Online Deal Room
TSXV:SCT
09 August 2021 16:30 (EST)
Slave Lake Zinc

Skychain (SCT) has announced a non-brokered private placement of up to C$495,600.

The offering includes up to 619,500 units priced at $0.80 per unit.

Each unit consists of one common share and one non-transferable share purchase warrant.

Each warrant entitles the holder to purchase an additional common share for $1.20 for two years from the units’ date of issuance.

The company will use the proceeds for working capital and to purchase cryptocurrency mining equipment.

Skychain Technologies is a Vancouver-based company providing blockchain infrastructure services and power solutions.

Skychain (SCT) closed up by 6.82 per cent trading at $0.94 per share.

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