Blockmate Ventures Inc (TSX-V:MATE, OTCQB:MATEF) announced it has closed its non-brokered private placement, raising $1.4 million in gross proceeds.
The offering was comprised of 14 million listed shares offered at $0.10 per share, with each share accompanied by one warrant.
The warrants allow holders to purchase one additional listed share at $0.50 per share over a three-year period.