CryptoGlobal secures financing – updated

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By Ted Liu

CryptoGlobal Inc. has closed an initial round of private financing.

CryptoGlobal raised US $[mepr-active rule=”374″ ifallowed=”hide”]UPDATED with complete info – Subscriber ONLY content: read our research and get insight on this and other deals. We offer monthly or yearly recurring or one-time trial subscriptions. Subscribe today and see what you have been missing! [/mepr-active][mepr-active rule=”374″]11.465 million or CDN $14.679 million from 113 investors from Ontario, BC, Quebec, USA, Cayman Islands, The Netherlands, Guernsey and the United Kingdom. The company issued common shares priced at US $0.40 per share. Big portion of the funding came from accredited Ontario investors who invested $10.2 million, family and friend type of investors from Ontario invested further $466,000. Canaccord Genuity Corp acted as placement agent and Cassels Brock & Blackwell LLP is CryptoGlobal’s legal counsel.[/mepr-active]

Founded in 2017, Toronto based CryptoGlobal Inc. is a cryptocurrency mining company providing simple access to the cryptocurrency market.

CryptoGlobal is being led by senior management team consisting CEO Rob Segal, President James Millership, COO Roozbeh Ebbadi, CTO Jacob Shultis, and Chief Counsel Daniel Kumer.

UPDATE – CryptoGlobal to go public by way of QT/RTO

photo credit: CryptoGlobal