Sunday, June 22, 2025

Latest

Graph Blockchain Closes $2.3 Million Financing

Graph Blockchain (CSE: GBLC) this morning announced the closing of its previously announced private placement. The company managed to raise $2.3 million under the non-brokered private placement.

The financing saw units of the company sold at a price of $0.08 each, with each unit containing one common share and one common share purchase warrant. Each warrant is valid for a period of eighteen months from the date of issuance and contains an exercise price of $0.10 per share.

Warrants are also subject to an acceleration clause, whereby the expiry can be accelerated in the event the equity trades above $0.15 for a period of ten consecutive trading days on a volume weighted basis.

Proceeds from the financing are to be used to acquire additional miners, expand Graph’s infrastructure through an investment in Babbage Mining, as well as for general working capital.

Graph Blockchain last traded at $0.29 on the CSE.


FULL DISCLOSURE: Graph Blockchain is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Graph Blockchain 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 Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Graph Blockchain Invests In LINK For Proof Of Stake Mining

Graph Blockchain (CSE: GBLC) issued a very brief press release this morning, revealing the final...

Thursday, April 8, 2021, 07:18:32 AM

Shoom Street to Be Acquired By Graph Blockchain

Psychedelics are going main stream. This morning, Graph Blockchain (CSE: GBLC) announced that it signed...

Wednesday, November 20, 2019, 09:28:02 AM

Graph Blockchain Acquires NFT Platform New World

Graph Blockchain (CSE: GBLC) has entered the world of non-fungible tokens, or NFT’s. The company...

Monday, July 5, 2021, 07:51:54 AM

Are Altcoins The Next Great Investment In Crypto? – The Daily Dive feat Paul Haber

Joining us for the latest episode of The Daily Dive is that of Paul Haber,...

Friday, April 2, 2021, 01:43:00 PM

Graph Blockchain Identifies Cardano, Polkdadot As First Altcoins For Staking

Graph Blockchain (TSXV: GBLC) has further outlined its altcoin cryptocurrency purchase and staking strategy. The...

Wednesday, March 10, 2021, 09:09:47 AM