DigiMax Global Announces $5.0 Million Private Placement

DigiMax Global Solutions (CSE: DIGI) last night announced a non-brokered private placement amid strong consumer demand. The company will look to raise gross proceeds of $5.0 million under the offering.

Under the terms of the offering, units of the company are to be priced at $0.35 each, with each unit containing one common share and one common share purchase warrant. Each warrant is valid for a period of two years from the date of issuance, and contains an exercise price of $0.45 per share.

Proceeds from the offering are to be used to further fund research and development, working capital, as well as marketing costs.

The financing is anticipated to close by February 19, 2021.

DigiMax Global last traded at $0.44 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

Tudor Gold x American Creek: Consolidating A Massive Gold Project

Aura Minerals: The Era Dorada Underground PEA

Gold Is Now Smart Money’s End Game | Doug Casey

Recommended

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Emerita Resources Formally Appeals Administrative Ruling On Aznalcóllar Related To 2017 Complaint 

Related News

DigiMax Takes 15% Stake In Kirobo For US$5.0 Million

DigiMax Global (CSE: DIGI) this morning revealed that it has made a US$5.0 million strategic...

Tuesday, May 4, 2021, 09:00:34 AM

DigiMax Global Opens Applications For Crypto Trading App

DigiMax Global Solutions (CSE: DIGI) this morning announced that it is now accepting user applications...

Monday, November 23, 2020, 09:23:41 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

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...

Monday, March 1, 2021, 08:48:56 AM

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