Matador Technologies Inc. (“Matador” or “Company”) (TSXV: Mata, OTCQB: Mataf), a Bitcoin -centered investment company, only announced A private placement not crowded up to 5,454,546 units with a price of $ 0.55 each. The total amount that Matador expects to raise is up to C $ 3,000,000 in gross income.
The funds raised will be assigned in three equal parts. A third will be used to buy Bitcoin, which aligns with the continuous interest of the company that adds to its Bitcoin reserves. Another third will be used to expand its gold acquisition plans and grow the Grammies business initiative. The final third will cover the general corporate needs, things such as operations, administration costs and any new commercial opportunity that arises.
Each unit includes a common action and half of an order to buy common shares. A complete order gives the holder the right to buy additional action at $ 0.75. These arrest orders are valid for 12 months from the date they are issued.
There is also an acceleration clause. If the company’s shares reach $ 1.05 or more for five consecutive days of negotiation at the TSX Venture Exchange (TSXV), but only after four months and one day from the closure, the closureMatador It can accelerate the expiration of the orders. If that happens, they will issue a press release, and the new expiration date will be 30 days after that notice is made public.
All the values ​​of this offer will be under a period of legal retention of four months and one day, as required by the Canadian Securities Laws. Investors will not be able to sell or negotiate these shares during that time. This waiting period helps to guarantee compliance with regulations and add stability during the early stage of investment.
The offer will be made under exemptions of the usual requirements of the prospect. It is open only to investors accredited in the Canadian provinces and possibly in other regions where it is legally allowed. Like most locations, you still need the final approval of the TSX Venture Exchange before it is official.
This private placement is part of Matador’s continuous plan to strengthen its role in Bitcoins and Gold markets, while building other parts of your business. By diversifying their investments and focusing on digital and traditional assets, the company is positioning for long -term growth. In December 2024, the company’s Board of Directors approved to buy its first $ 4.5 million in Bitcoin.
