BIGG Digital Assets Reveals $525,000 CAD Non-Brokered Private Placement

BIGG Digital Assets INC, the owner of Blockchain Intelligence Group (BIG), the “leading developer of blockchain technology search, risk-scoring and data analytics solutions and Netcoins,” and one that makes it easier for Canadians to get involved in the space, has revealed a completed, non-brokered private placement of $525,000 in CAD, according to a press release from the group.

“Subject to regulatory approvals, for gross proceeds of $525,000 (the “Private Placement”) to Indigo IP Holdings Ltd. (“Indigo”) and a private investor, through the issuance of 2,282,609 units (the “Units”) of the Company​ at a price of $0.23 per Unit, each Unit consisting of one common share and one warrant exercisable for one common share at a price of $0.27,” the release describes.

These warrants can also fall under an accelerated expiry clause, meaning if the company’s share prices go up $0.40 or more for 20 days before September 17, 2022, “the Company may accelerate the expiry date of the warrants by giving notice to the holders thereof and, in such case, the warrants will expire on the 30th day after provision of the notice.”