- Skychain Technologies (SCT) plans to offer up to 342,857 units at a price of $0.70 per unit for gross proceeds of up to $240,000
- Proceeds will be used for working capital
- Skychain has cancelled the private placement offering announced in late June
- Skychain Technologies is a Vancouver-based company providing blockchain infrastructure services and power solutions
- Skychain Technologies Inc. (SCT) opened trading at C$0.74 per share
Skychain Technologies (SCT) has announced plans to undertake a non-brokered private placement.
The company plans to offer up to 342,857 units at a price of $0.70 for gross proceeds of up to $240,000.
Each unit, priced at C$0.70, will consist of one common share and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase an additional common share for $1.20 for a period of one year from the date of issuance.
Proceeds will be used for working capital.
The financing is subject to the approval of the TSX Venture Exchange. Securities issued will be subject to a hold period of four months and one day.
Securities issued to employees of Skychain will be subject to an additional hold period for a total of 12 months and one day.
Skychain has cancelled the private placement offering announced in late June.
Skychain Technologies is a Vancouver-based company providing blockchain infrastructure services and power solutions.
Skychain Technologies Inc. (SCT) opened trading at C$0.74 per share.
