Matador completes approximately CAD 1.575 million in private equity financing to support the purchase of Bitcoin

According to Globenewswire, Canadian technology company Matador Technologies Inc. announced the completion of a non brokerage private placement, issuing a total of 2863818 units at a price of CAD 0.55 per share, each unit consisting of one common stock and half a common stock subscription warrant. Each subscription warrant grants the holder the right to subscribe for an additional common stock of the company at a price of USD 0.75 per share for a period of twelve months from the date of issuance. The total amount raised is CAD 1575099, which will be used to purchase Bitcoin, advance gold acquisitions, and for general corporate purposes.