Canadian tech company Matador completes approximately CAD 1.575 million private placement financing to support the purchase of Bitcoin

ChainCatcher news, according to Globenewswire, Canadian technology company Matador Technologies Inc. announced that it has completed a non-brokered private placement, issuing a total of 2,863,818 units at a price of CAD 0.55 per unit, with each unit consisting of one common share and half a common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of USD 0.75 per share within twelve months from the date of issuance. The total amount raised is CAD 1,575,099, and these funds will be used for purchasing Bitcoin, advancing gold acquisitions, and general corporate purposes.