DigiMax Closes $5.1 Million Financing, Sees Strong Subscriber Growth For Crypto App

On Friday Evening, DigiMax Global Solutions (CSE: DIGI) announced the closing of its final tranche of its non-brokered private placement. Gross proceeds of $3.0 million were raised within the tranche, bringing total proceeds from the financing to $5.1 million.

Under the terms of the offering, units were sold at a price of $0.35, with each unit containing one common share and one full warrant of the issuer. Each warrant is valid for a period of two years and contains an exercise price of $0.45 per share.

The company also identified that it has seen strong initial success with its CryptoDivine.ai digital currency price trend app. Launched on Thursday, by Friday evening the platform had 561 subscribers out of an initial 3,400 visits to the website. The platform also averages 114 active users each minute of a 24 hour day. The success of the platform thus far follows no marketing effort being made by the company for the platform, with marketing not set to begin until the second week of March.

DigiMax last traded at $0.395 on the CSE.


FULL DISCLOSURE: DigiMax Global Solutions is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover DigiMax Global Solutions on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

DigiMax Vows To Concentrate On Revenue Growth In 2022

In an update report for 2021, DigiMax Global (CSE: DIGI) said its shareholders can expect “an...

Friday, December 31, 2021, 12:41:00 PM

DigiMax To Acquire 80% Stake In Crypto Hedge Fund

DigiMax Global (CSE: DIGI) has entered into a letter of intent to acquire the rights...

Monday, April 19, 2021, 09:16:14 AM

DigiMax Sees $5.0 Million Private Placement Fully Subscribed Within Hours Of Announcement

DigiMax Global Solutions (CSE: DIGI) this morning issued a news release related to the addition...

Friday, February 12, 2021, 09:40:20 AM

DigiMax – The Crypto App Is Ready to Launch

Today we have a special episode of The Daily Dive, as we sit down with...

Sunday, February 14, 2021, 11:52:56 AM

DigiMax Reports Early Results Of Crypto Price Trend Predictor Tool

DigiMax Global (CSE: DIGI) this morning provided an update in relation to its crypto-related assets....

Monday, June 28, 2021, 08:35:28 AM