Global fintech and funding innovation ecosystem
March 24, 2021   Blockchain, Crypto, Digital Assets, Tokens, CBDCs, Metaverse, NFTs, Enterprise, Entrepreneurs, Start-ups, Small Businesses, FinTech and Alternative Finance, Fintech Services, Fundraising, Investing, Trading, Innovation and Resources, Press Releases, Venture Funding and Building   No comments

BIGG Digital Assets Inc. Announces $25 Million Bought Deal Financing

BIGG Digital Assets | March 24, 2021

BIGG Digital Assets - BIGG Digital Assets Inc. Announces $25 Million Bought Deal Financing

VANCOUVER, British Columbia, March 24, 2021 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. (“BIGG” or the “Company”) (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by PI Financial Corp. (the “Lead Underwriter”) and including Canaccord Genuity Corp., and Echelon Wealth Partners (collectively with the Lead Underwriter, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 12,000,000 units of the Company (“Units”) at a price of C$2.10 per Unit for gross proceeds of C$25,200,000 (the “Offering”). Each Unit is comprised of one common share (each a “Common Share”) and one-half Common Share purchase warrant (each such full warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$2.70 for a period of 24 months following the closing of the Offering.

See:  Fintech Fridays EP50: Compliance to the Moon

The Company will grant the Underwriters an over-allotment option to increase the size of the Offering by up to 15% of the aggregate number of Units sold under the Offering, exercisable in whole or in part at any time up to 30 days after and including the closing date of the Offering, which may be exercised for Common Shares, Warrants or a combination thereof.

The Company intends to use the proceeds of the Offering for cryptocurrency trading floats for Netcoins, and working capital.

Continue to the full article --> here

NCFA Jan 2018 resize - BIGG Digital Assets Inc. Announces $25 Million Bought Deal Financing The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - BIGG Digital Assets Inc. Announces $25 Million Bought Deal FinancingFF Logo 400 v3 - BIGG Digital Assets Inc. Announces $25 Million Bought Deal Financingcommunity social impact - BIGG Digital Assets Inc. Announces $25 Million Bought Deal Financing

Support NCFA by Following us on Twitter!







NCFA Sign up for our newsletter - BIGG Digital Assets Inc. Announces $25 Million Bought Deal Financing




 

Leave a Reply

Your email address will not be published. Required fields are marked *

fifteen − ten =