Canadian tech company Matador announced a private placement financing of 3 million Canadian dollars, with part of the funds to be used to increase its holdings in Bitcoin

ChainCatcher news, Canadian tech company Matador Technologies Inc. recently announced a non-brokered private placement, issuing up to 5,454,546 units at a price of CAD 0.55 per share. Matador expects to raise a total of up to CAD 3 million. The net proceeds from this offering are expected to be used for the following purposes, approximately one third of which will be allocated to:

• Purchasing Bitcoin;
• Advancing the company's gold acquisition and Grammy business plans;
• General corporate purposes.