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DGTL Holdings Inc. (TSXV: DGTL) (OTCQB: DGTHF) (FSE: A2QB0L) ("DGTL" or the "Company") is pleased to announce the closing of the first tranche of the non-brokered private placement announced on November 25, 2020, and updated on December 17, 2020 (the "Offering"). In the first tranche, the Company raised aggregate gross proceeds of $1,116,385 by the issue and sale of 3,189,670 common shares (each a "Common Share") at a price per Common Share of $0.35. The Company plans to close the balance of the Offering in a second tranche.
The Company intends to use the proceeds of the Offering to develop the software of its wholly owned subsidiary, Hashoff LLC, to service the fastest-growing multimedia social media application markets. Specifically, the Company will finance the software development of the Hashoff SaaS (software-as-a-service) technology platform to service digital media platforms such as TikTok, Snapchat, Twitch, Triller, Reels and others, and for general working capital purposes.
In connection with the first tranche, the Company paid aggregate cash finder's fees of $15,876 to arm's length finders. All securities issued in the first tranche of the Offering are subject to a statutory hold period expiring on April 23, 2020.
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For more information, visit https://dgtlinc.com or contact:
Investor Relations
John Belfontaine, Director
Email: IR@dgtlinc.com
Phone: +1 (877) 879-3485
DGTL Holdings Inc. acquires and accelerates innovative and disruptive digital media and advertising technology companies, powered by Artificial Intelligence. DGTL (i.e. Digital Growth Technologies and Licensing) specializes in accelerating fully commercialized enterprise level SaaS (software-as-a-service) companies via a blend of unique capitalization structures. DGTL Holdings Inc. trades its common shares on the TSX Venture exchange under the symbol "DGTL".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/70975
