CyrptoGlobal closes new financing

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By Ted Liu

CryptoGlobal Inc. has completed a new round of private financing, raising $[mepr-active rule=”374″ ifallowed=”hide”]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″]10.15 million from 84 Alberta, BC, Ontario, Quebec, Cayman Islands, Guernsey, Israel, US and Bahamas investors. The new round closed on December 1, 2017 and priced at $0.85 per share, 66% higher than the US $0.40 per share price of the $14.67 million initial financing closed on October 31, 2017.[/mepr-active]

Canaccord Genuity Corp. and PI Financial Corp acted as placement agents. Cassels Brock & Blackwell LLP acts as CryptoGlobal’s legal counsel.

Led by CEO Rob Segal, President James Millership, COO Roozbeh Ebbadi, CTO Jacob Shultis, and Chief Counsel Daniel Kumer, Toronto based CryptoGlobal Inc. is a cryptocurrency mining company providing simple access to the cryptocurrency market.

On Novermber 7, 2107, CryptoGlobal announced a going-public transaction via a qualifying transaction (QT) with Apolo Acquisition Corp. (TSX-V: ACA.P), a capital pool company (CPC).

As part of QT, CryptoGlobal said it may complete a financing in connection with the RTO prior to closing.

photo credit: CryptoGlobal