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Canadian tech company Matador plans to raise 3 million CAD, with part of the net proceeds intended to increase its holdings of Bitcoin.
PANews May 12 news, according to the official announcement, the Canadian technology company Matador Technologies Inc. (TSXV: MATA, OTCQB: MATAF) recently announced a non-brokered private sale, with a maximum issuance of 5,454,546 units at a price of 0.55 CAD per share. Matador expects to raise a total amount of up to 3 million CAD. The net proceeds from this issuance are expected to be approximately one-third used for the following purposes: purchasing Bitcoin; advancing the company’s gold acquisition and Grammy business plans; general corporate purposes.