Canadian publicly traded company Matador plans to raise 3 million Canadian dollars, with part of the net proceeds to be used for purchasing BTC

TechFlow, May 12 — According to an official announcement, Matador Technologies, a Canadian-listed technology company, announced a non-brokered private placement, planning to issue up to 5,454,546 units at a price of CAD 0.55 per unit, with total proceeds of up to CAD 3 million (approximately USD 2.15 million).

The net proceeds from this offering are expected to be used approximately one-third for the following purposes: purchasing bitcoin; advancing the company's gold acquisition and Grammy business initiatives; and general corporate purposes.