- Cobalt Blockchain (OTCQB:COBCF) increases its originally announced private placement financing to 90M units priced at $0.05/unit. Each unit comprises of one common share and one share purchase warrant, which can be exercised at $0.20/share within two years.
- That makes it a gross proceed of $4.5M, which the company intends to use for working capital and general corporate purposes.
- Source: Press Release