14:11:10 EDT Mon 25 Oct 2021
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Neptune Digital Assets Corp
Symbol NDA
Shares Issued 91,854,948
Close 2021-03-01 C$ 0.325
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Neptune Digital arranges $300,000 private placement

2021-03-02 09:22 ET - News Release

Mr. Cale Moodie reports


Neptune Digital Assets Corp. has entered into a private placement of units of the company with a director and other arm's-length investors for $300,000 at 32.5 cents per unit. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one common share at a price of 40 cents for a period of three years from the closing date. The securities sold in this private placement will be subject to a four-month resale restriction from the date of closing. The private placement is subject to the final approval of the TSX Venture Exchange.

Closing of Alumina draw-down

Neptune is also pleased to announce that, further to its news release dated Feb. 12, 2021, it has closed its previously announced non-brokered private placement with Alumina Partners LLC as part of a draw-down under a draw-down equity facility consisting of 1.5 million units at a price of 17.5 cents per unit for an aggregate gross proceeds of $262,500.

Each unit comprises one common share and one common share purchase warrant. Each common share purchase warrant entitles the holder to purchase one common share at a price of 29.4 cents for a period of three years from the issue date. The securities will be subject to a four-month and one-day hold period in accordance with applicable securities laws and remains subject to the final approval of the TSX-V. The company intends to use the proceeds from the private placement and Alumina draw-down for strategic cryptocurrency acquisitions.

About Neptune Digital Assets Corp.

The company has a diversified cryptocurrency portfolio with investments made in top market cap tokens, proof-of-stake cryptocurrencies, decentralized finance and associated blockchain technologies.

We seek Safe Harbor.

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