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Neptune Digital Closes Cdn$40 Million Institutional Capital Raise to Accelerate Growth


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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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Neptune Digital Assets Announces CDN$40 Million Private Placement Offering With Institutional Investors


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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. ....

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