Blockchain Dynamics closes private financing

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By Ted Liu

Blockchain Dynamics Inc. has closed a private placement round of financing, raising $[mepr-active rule=”374″ ifallowed=”hide”]##Subscribe today to see our research on this and all other subscriber ONLY items##[/mepr-active][mepr-active rule=”374″]5.2 million from 121 investors (41 BC, 46 ON, 20 NS, 10 QC, 1 MB, 2 UK and 1 Cayman Islands). The company issued 20,800,000 common shares priced at $0.25 per share to raise gross proceeds of $5.2 million. [/mepr-active]

PI Financial Corp. acted as placement agent. Jessome Law acted as legal counsel.

Founded in 2016, Halifax, Nova Scotia based Blockchain Dynamics operates state-of-the-art mining machines, and intends to use proceeds to expand its existing platform.

photo credit: Blockchain Dynamics