Matador completes private placement totaling nearly CAD 3 million to support Bitcoin purchase

According to a report by Jinse Finance, Canadian technology company Matador Technologies Inc. announced the completion of a non-brokered private placement, issuing a total of 2,588,955 units at a price of CAD 0.55 per unit. Each unit consists of one common share and half of a common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of USD 0.75 per share within twelve months from the date of issuance. The total amount raised is CAD 1,423,925, and with the previously completed financing of CAD 1,575,099, the company's total private placement financing has reached nearly CAD 3 million. This funding will support its purchase of Bitcoin.