DMG Blockchain Solutions Announces New Client Access to Bosonic’s Crypto Exchange, $1M Debt Raise, CEO Share Purchases, Upcoming Investor Events - Seite 2
$1 Million Debt Financing
DMG announces it has completed a small raise of CAD $1 million financing with a variable rate of Prime + 4.55% per annum and term of 18 months utilizing a secured real estate asset. “DMG continues to seek additional larger debt financing to support its planned Christina Lake mining facility upgrades. Although market conditions are currently challenging, given DMG is asset heavy and debt light, the Company has been able to engage in meaningful conversations with debt providers that offer competitive rates for our market,” commented Steven Eliscu, DMG’s COO.
CEO Purchases Company Shares
In addition, DMG’s CEO Sheldon Bennett has purchased 500,000 of DMG shares over the past few weeks, split between 250,000 shares purchased in the open market and 250,000 stock options purchased (executed) and held. “Increasing my personal position in DMG’s stock reflects my conviction that DMG’s businesses, both Core and Core+, continue to have exceptional momentum, even in these trying market conditions, which is not properly reflected in the value of DMG’s stock,” Mr. Bennett commented.
Upcoming DMG Management Presentations and 1:1 Meeting Opportunities
DMG CEO Sheldon Bennett and/or COO Steven Eliscu will be presenting at several upcoming investor events:
• | Sequire Virtual Technology Conference, November 30 at 10:30-10:55 am PT | |
Please register and sign up for 1:1s at https://sequiretech.sequireevents.com/ | ||
• | Ladenburg Thalmann Virtual Technology Expo 2022, December 7 at 11:00-11:25 am PT | |
Please register and sign up for 1:1s at https://ladenburgtech22.sequireevents.com/ | ||
• | Sequire Virtual Small Cap Conference, December 8 at 7:00-7:25 am PT | |
Please register and sign up for 1:1s at https://sequiresmallcap.sequireevents.com/ | ||
• | Singular Research San Francisco Conference, December 8 at 10:00 am PT at the Hilton Financial District | |
Please contact research@singularresearch.com to register and sign up for 1:1s |
About DMG Blockchain Solutions Inc.