BIGG Digital Assets Inc. Closes $28 Million Bought Deal Financing
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.
VANCOUVER, British Columbia, April 16, 2021 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. (“BIGG” or the “Company”) (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W) is pleased to announce that it has successfully completed its previously announced bought deal public offering (the “Offering”) for aggregate gross proceeds of $28,980,000 (all figures are in Canadian dollars unless otherwise stated). A total of 13,800,000 units (the “Units”) of the Company were sold pursuant to the Offering at a price of $2.10 per Unit. The Offering was conducted by a syndicate of underwriters led by PI Financial Corp. and included Canaccord Genuity Corp. and Echelon Wealth Partners. The number of Units includes an additional 1,800,000 Units pursuant to the exercise of the Underwriters’ over-allotment option.
Each Unit consists of one common share (a “Common Share”) in the capital of the Company and one-half (1/2) of one Common Share purchase warrant (each whole warrant, a “Warrant”) of the Company. Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $2.70 per Common Share for a period of 24 months from the closing of the Offering. The Units issued under the Offering were offered by way of a short form prospectus dated April 9, 2021 (the “Prospectus”) filed in each of the provinces of Canada (other than Québec). A copy of the Prospectus is available under the Company’s profile on SEDAR at www.sedar.com.
The Company intends to use the proceeds of the Offering for cryptocurrency trading floats for Netcoins, and working capital.
THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”) OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.
On behalf of the Board
The CSE does not accept responsibility for the adequacy or accuracy of this press release.
About BIGG Digital Assets Inc.
BIGG believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG owns two operating companies: Blockchain Intelligence Group (blockchaingroup.io) and Netcoins (netcoins.ca).
BIGG Digital Assets Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de