DMG RESULTS FREEHOLD REGISTRATION
Securities Act and such securities may not be offered or sold within the United States absent registration under U.S. The securities being offered have not been, nor will they be, registered under the U.S. This news release shall not constitute an offer of securities for sale in the United States. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
This news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in Canada in connection with the Private Placement. No securities were offered for sale or sold to Canadian residents. The Private Placement is subject to the satisfaction of certain customary closing conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals (including, for certainty, the acceptance of the TSXV). The Company has applied to list the Common Shares issued in the Private Placement and the Common Shares underlying the Warrants on the TSX Venture Exchange (the "TSXV"). The Company expects the Closing Date to occur on or about May 3, 2021. Details as to the specific allocation of the proceeds will be disclosed in the Prospectus Supplement.
DMG RESULTS FREEHOLD SOFTWARE
The net proceeds of the Private Placement are expected to be used by the Company for infrastructure expansion and equipment purchases, investment in cryptocurrencies, potential future acquisitions and partnerships, software development, expansion of marketing and sales activities and working capital and general corporate purposes. Securities Act"), and certain other jurisdictions in accordance with applicable securities laws. In the United States, the Common Shares, Warrants and the shares issuable upon the exercise of the Warrants will be offered on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. The Common Shares and Warrants to be issued under the Private Placement will be qualified by way of a prospectus supplement under the Company's base shelf prospectus dated Ma(collectively, the "Prospectus Supplement") which will be filed in each of the provinces of Canada, except Québec. is acting as the exclusive placement agent for the private placement in the United States. Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of Cdn$1.50 per Common Share at any time prior to the three-year anniversary of the closing date of the Private Placement (the "Closing Date"). Pursuant to the Private Placement, the Company will issue 22,297,644 Common Shares and Warrants to purchase up to 22,297,644 Common Shares at a purchase price of Cdn$1.26 per Common Share and associated Warrant. (TSXV: DMGI) (DMGGF: OTCQB) (FSE: 6AX) ("DMG" or the "Company"), a vertically integrated blockchain and cryptocurrency technology company is pleased to announce that it has entered into a securities purchase agreement for a private placement of its common shares ("Common Shares") and warrants to purchase common shares ("Warrants") to institutional investors only for aggregate gross proceeds to the Company of approximately Cdn$28.1 million (the "Private Placement"). VANCOUVER, British Columbia, Ap(GLOBE NEWSWIRE) - DMG Blockchain Solutions Inc. NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
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