Canadian technology company Matador plans to raise $3 million CAD, with part of the net proceeds to be used to increase Bitcoin holdings

CoinRank News: According to an official announcement, Canadian technology company Matador Technologies Inc. (TSXV: MATA, OTCQB: MATAF) recently announced that it will conduct a non-broker private placement, with a maximum issuance of 5,454,546 units at a price of 0.55 Canadian dollars per share. Matador expects to raise up to 3 million Canadian dollars in total. It is expected that approximately one-third of the net proceeds from this offering will be used for the following purposes: purchasing Bitcoin; advancing the companys gold acquisition and Grammy business plans; and general corporate purposes.