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

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

DigiMax Announces $13.2 Million Placement For Institutional Investors

DigiMax Global (CSE: DIGI) this morning announced that it will be conducting a private placement...

Monday, March 15, 2021, 07:54:24 AM

DigiMax To Develop Investment Analytics Service For Issuers And Investors

DigiMax Global Solutions (CSE: DIGI) today announced that it is in the process of developing...

Monday, October 19, 2020, 05:16:41 PM

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 Launches Proprietary Crypto Price Trend App, CryptoDivine.ai

DigiMax Global Solutions (CSE: DIGI) has launched its much anticipated crypto price trend app. The...

Thursday, February 25, 2021, 07:25:47 AM

DigiMax Announces Global Customer For PPI Hiring Solutions

Digimax Global Solutions (CSE: DIGI) this morning announced that it has entered an agreement to...

Friday, January 29, 2021, 09:14:54 AM