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FINWIRES

Blockmate Ventures Raises C$1.0 Million Via Private Placement

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Blockmate Ventures (MATE.V) closed its non-brokered private placement raising C$1.0 million, exceeding its original financing target of C$750,000, it said in a statement on Tuesday.

The offering consisted of 20 million units at C$0.05 apiece. Each unit consisted of one common share and one common share purchase warrant, with each warrant entitling the holder to buy a share for C$0.075 for a two-year period from the date of issuance.

Proceeds will be used to advance its Wyoming AI data center opportunity, and for general working capital needs, it said. Directors Domenico Carosa and Georg Hochwimmer, participated in the offering for 5.2 million units and 600,000 units, respectively, for total proceeds of about C$289,200.

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