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An announcement from Cryptoblox Technologies ( (TSE:KAS) ) is now available.
Dynamite Blockchain Corp. has announced a non-brokered private placement to raise $2.5 million by issuing 50 million units, each comprising a common share and a share purchase warrant. The funds will be used to enhance the company’s position as a utility-based digital asset proxy, settle payables, purchase utility coins, and develop its blockchain ecosystem. This strategic move aims to clean up the balance sheet and position Dynamite as a leader in utility-focused digital assets, providing shareholders with diversified exposure to this sector.
More about Cryptoblox Technologies
Dynamite Blockchain Corp. operates in the blockchain industry, focusing on utility-based digital assets. The company offers products and services such as utility-token holdings, utility-generating products, and services that enhance digital asset utility and adoption. Dynamite aims to provide exposure to utility-focused digital assets and is listed on the Canadian Securities Exchange under the ticker KAS.
Average Trading Volume: 363,675
Technical Sentiment Signal: Sell
Current Market Cap: C$7.14M
Learn more about KAS stock on TipRanks’ Stock Analysis page.