Canadian tech company Matador plans to raise CAD 3 million, with some net proceeds intended to be used to increase holdings of Bitcoin

According to official announcements, Canadian technology company Matador Technologies Inc. (TSXV: MATA, OTCQB: MATAF) recently announced that it will conduct a non brokerage private placement, issuing up to 5454546 units at a price of CAD 0.55 per share. Matador expects to raise up to CAD 3 million in total funds. It is expected that about one-third of the net proceeds from this issuance will be used for the following purposes: purchasing Bitcoin; Promote the company's gold acquisition and Grammy business plans; General company use.