Mr. Alexander Tjiang reports
NEXTGEN DIGITAL ANNOUNCES $1.0 MILLION NON-BROKERED PRIVATE PLACEMENT FINANCING
Nextgen Digital Platforms Inc. will proceed with a non-brokered private placement of up to 781,250 units of the company at $1.28 per unit for gross proceeds of up to $1-million.
Each unit will consist of one common share in the capital of the company and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional share at a price of $1.60 for a period of 24 months from the closing of the offering.
The company may pay finders' fees on the offering within the amount permitted by the policies of the Canadian Securities Exchange (CSE). The company will use the net proceeds from the offering for corporate development, marketing and general working capital.
The completion of the offering is subject to certain conditions, including the receipt of all necessary corporate and regulatory approvals, including the CSE. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance, in accordance with applicable securities legislation. The offering is not subject to a minimum aggregate amount of subscriptions.
About Nextgen Digital Platforms Inc.
Nextgen Digital Platforms currently operates an e-commerce platform (PCS) and a hardware-as-a-service business supporting the artificial-intelligence sector, called Cloud AI Hosting. Both PCS and Cloud AI Hosting were developed in-house by Nextgen. The company also intends to democratize access to cryptocurrencies by providing investors with exposure to a diversified basket of digital assets through a regulated public vehicle. From time to time, the company also intends to evaluate and acquire or develop other microtechnology platforms.
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