BIGG Digital Assets (CSE: BIGG) this morning announced that it will be conducted a $25.0 million bought deal financing. The financing, lead by PI Financial, will see a total of 12.0 million units of the company sold.
Units to be sold under the offering are priced at $2.10 per each, with each unit containing one common share and one half warrant. Each warrant is valid for a period of 24 months from the date of issuance, and contains an exercise price of $2.70 per share. An over-allotment option has also been granted.
Proceeds from the financing are to be used for working capital and for cryptocurrency trading floats for Netcoins.
Sponsored · Selkirk Copper Mines
The offering is currently slated to close April 16, 2021.
BIGG Digital Assets last traded at $2.39 on the CSE.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
