DGTL Holdings Inc. (TSX-V:DGTL, OTCQB:DGTHF) has announced plans to complete a non-brokered private placement financing with proceeds of up to $1 million.
The company plans to offer units consisting of one common share priced at $0.05 and one-half of a share purchase warrant. Whole warrants could be used to purchase an additional share for $0.07.
Proceeds from the offering will be used to fund product innovation and prospective revenue growth within the company’s flagship data analytics PaaS (Platform-as-a-Service) platform TotalSocial, as well as for general working capital purposes, the company said.
READ: DGTL Holdings inks contract with global leader in video gaming consoles
In November, DGTL announced the signing of a new major customer contract for TotalSocial with a global leader in video gaming consoles and applications.
DGTL (ie. Digital Growth Technologies and Licensing) is building a portfolio of digital media software and managed service business lines.
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