Universal Digital Announces Closing of Second and Final Tranche of Private Placement for Total Proceeds of $1.76 Million
Summary
Each Warrant entitles the holder thereof to acquire one Common Share (each, a "Warrant Share") at an exercise price of $0.80 per Warrant Share until September 18, 2027.The net proceeds from the Offering are intended to be used for working capital and general corporate purposes.The Units were issued by way of the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") and in reliance on the amendments to Part 5A of NI 45-106 set forth in Coordinated Blanket Order 45-953 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, and are not subject to a statutory holder period in accordance with applicable Canadian securities laws.This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The Company aims to provide shareholders with long-term capital growth through a diversified investment approach, and to participate in the transformation of global finance through the integration of digital asset strategies.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.This news release includes statements containing certain "forwardlooking information" within the meaning of applicable Canadian securities laws ("forwardlooking statements"). Various assumptions were used in drawing the conclusions or making the projections contained in the forwardlooking statements throughout this news release. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this news release are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forwardlooking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR PUBLICATION, RELEASE OR DISSEMINATION IN THE UNITED STATES.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270848