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.
The offering is currently slated to close April 16, 2021.
BIGG Digital Assets last traded at $2.39 on the CSE.
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