Canadian tech company Matador plans to raise 3 million Canadian dollars, part of net proceeds to be used to increase bitcoin holdings
2025-05-11 23:27:18
According to the official announcement, Canadian technology company MatadorTechnologiesInc. (TSXV: MATA, OTCQB: MATAF) recently announced that it will conduct a non-brokered private placement with a maximum number of 5,454,546 units issued at a price of 0.55 Canadian dollars per share. Matador expects proceeds raised to total up to 3 million Canadian dollars. Approximately one-third of the net proceeds from the offering are expected to be used for the following purposes: purchasing bitcoin; advancing the company's gold acquisition and Grammy business plans; general corporate purposes.
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