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Matador completed a private sale financing of approximately 1.575 million CAD to support the purchase of Bitcoin.
PANews, May 27, news from Globenewswire reports that Canadian technology company Matador Technologies Inc. announced the completion of a non-brokered private sale, issuing a total of 2,863,818 units at a price of 0.55 CAD per unit. Each unit consists of one common share and a half common share subscription warrant, with each warrant giving the holder the right to subscribe for one additional common share of the company at a price of 0.75 USD per share within twelve months from the date of issuance. The total raised amount is 1,575,099 CAD, and these funds will be used for the purchase of Bitcoin, advancing gold acquisitions, and general corporate purposes.