Matador Technologies Inc. (“Matador” or “Company”) (TSXV: Mata, Otcqb: Mataf), a technological and investment company focused on Bitcoin, has just announced a private non -broker positioning up to 5,454,546 units at prices of $ 0.55 each. The total matador amount plans to increase is up to $ 3,000,000 in gross proceeds.
The funds raised will be assigned in three equal parts. A third will be used to buy Bitcoin, which aligns with the continuous interest of the company by adding Bitcoin reserves to their reserves. Another third will go to the expansion of their gold acquisition plans and the growth of the Grammies Business Initiative. The third final will cover the general business needs: things such as operations, administrative costs and any new commercial opportunities that emerge.
Each unit includes a common share and half of a common stock purchase mandate. A complete mandate gives the owner the right to purchase an additional fee to $ 0.75. These warrants are valid for 12 months starting from the date on which they are issued.
There is also an acceleration clause. If the company’s stock reaches $ 1.05 or more for five consecutive negotiation days on TSX Venture Exchange (TSXV), but only after four months and one day from the closure – Matador can accelerate the expiry of the warrant. If this happens, they will issue a press release and the new expiry date will be 30 days after this notice is made public.
All the titles of this offer will be under a period of legal possession of four months and one day, as required by the Canadian laws on the titles. Investors will not be able to sell or exchange these actions during that period. This detention period helps to guarantee compliance with regulations and adds stability during the initial investment phase.
The offer will be made under exemptions by the usual prospective requirements. It is only open to investors credited in all Canadian provinces and possibly in other regions in which it is legally allowed. Like most positioning, it still needs final approval from the exchange of Venture Capital TSX before it is official.
This private positioning is part of the plan in the course of Matador to strengthen its role in Bitcoin and Gold markets, and also building other parts of its activity. By diversifying its investments and focusing on digital and traditional resources, the company is positioning itself for long -term growth. In December 2024, the company’s board of directors approved to buy its first $ 4.5 million in Bitcoin.