Neptune Digital Assets Corp: Neptune Commences Bitcoin Mining Operations and Provides Corporate Update
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Cryptocurrency miners looking for renewable energy options in southern Alberta - Medicine Hat NewsMedicine Hat News
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VANCOUVER, British Columbia, April 16, 2021 (GLOBE NEWSWIRE) Neptune Digital Assets Corp. (TSX-V:NDA) (OTC:NPPTF) (FSE:1NW) (the “Company”) is pleased to announce that it has closed its previously announced sale to U.S. and foreign institutional investors of its common shares (“Common Shares”) and warrants to purchase Common Shares (“Warrants”) for aggregate gross proceeds to the Company of approximately Cdn$40 million (the “Private Placement”). Pursuant to the Private Placement, the Company issued 29,630,002 Common Shares and Warrants to purchase up to 14,815,001 Common Shares at a purchase price of Cdn$1.35 per Common Share and associated half Warrant. Each whole Warrant entitles the holder thereof to purchase one Common Share at an exercise price of Cdn$1.75 per Common Share at any time on or before April 16, 2024 (totaling another approximately Cdn$26 million once exercised).
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VANCOUVER, British Columbia, April 13, 2021 (GLOBE NEWSWIRE) Neptune Digital Assets Corp. (TSX-V:NDA) (OTC:NPPTF) (FSE:1NW) (the “Company”) is pleased to announce that it has entered into a securities purchase agreement for a private placement of units of the Company (the “Units”), each comprised of one common share (a “Common Share”) and one-half of one warrant to purchase a Common Share (each whole warrant, a “Warrant”) to institutional investors at a purchase price of Cdn$1.35 per Unit for aggregate gross proceeds to the Company of approximately Cdn$40 million (the “Private Placement”). Each whole Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of Cdn$1.75 per Common Share at any time prior to the three-year anniversary of the issuance date of the Warrants.