BIGG Digital Assets Inc. Announces Upsize of Brokered LIFE Financing for Gross Proceeds of up to C$8 Million

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VANCOUVER, British Columbia, March 08, 2024 (GLOBE NEWSWIRE) --  BIGG Digital Assets Inc. ("BIGG" or the "Company") (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Netcoins, Blockchain Intelligence Group, and TerraZero is pleased to announce that due to demand from investors and existing shareholders on the President’s List (defined below), it has amended its agreement with A.G.P. Canada Investments ULC (“A.G.P. Canada”), as sole agent and bookrunner, to increase the maximum gross proceeds under the previously announced commercially reasonable efforts private placement (the “Offering”) from $5,000,000 to $8,000,000.

Under the revised Offering, up to a maximum of 33,333,333 units of the Company (“Units”) may be sold at a price of C$0.24 per Unit, for aggregate gross proceeds of up to C$8,000,000. Each Unit will be comprised of one common share in the authorized share structure of the Company (a “Share”) plus one Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Share at an exercise price of C$0.30 for 60 months following the completion of the Offering.

The Units to be issued under the Offering will be offered to purchasers pursuant to the listed issuer financing exemption (“LIFE Exemption”) under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), in all the provinces of Canada, except Quebec. The Units offered under the LIFE Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws. The Units may also be offered to persons in the United States pursuant to exemptions from the registration requirements under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and all applicable U.S. state securities laws, as well as outside Canada and the United States on a basis which does not require the qualification or registration of any of the Company’s securities or require the Company to be subject to any ongoing disclosure requirements under any domestic securities laws.

There is an amended offering document related to the LIFE Exemption portion of the Offering that can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.biggdigitalassets.com. Prospective investors should read this amended offering document before making an investment decision.