Business
DGTL Holdings Inc. Announces Intention to Complete Private Placement and Proposed Creation of New Control Person
Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - DGTL Holdings Inc. (TSXV: DGTL) ("DGTL" or the "Company"), reports that the Company intends to complete a non-brokered private placement (the "Private Placement") of common shares ("Common Shares") and preferred shares ("Preferred Shares"). The Private Placement will be offered at a price of $0.015 per one Common Share, and, with fifteen (15) Preferred Shares convertible into one Common Share ("Preferred Share Units"), each Preferred Share Unit
About this update from Dgtl Holdings, Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - DGTL Holdings Inc. (TSXV: DGTL) ("DGTL" or the "Company"), reports that the Company intends to complete a non-brokered private placement (the "Private Placement") of common shares ("Common Shares") and preferred shares ("Preferred Shares"). The Private Placement will be offered at a price of $0.015 per one Common Share, and, with fifteen (15) Preferred Shares convertible into one Common Share ("Preferred Share Units"), each Preferred Share Unit will also be offered at a price of $0.015 per unit. The Private Placement is for aggregate gross proceeds of up to $75,750, and will consist of up to a total of 5,050,000 Common Shares, which may be offered through the sale of Common Shares directly or indirectly through the sale of Preferred Shares that convert into Common Shares, or any combination of the two. The Company anticipates that, upon completion of the Private Placement, a new Control Person (as defined below), Mr. John Belfontaine ("Mr. Belfontaine"), will be created, subject to obtaining requisite approval from the shareholders of the Company and the TSX Venture Exchange (the "TSXV").","length":1237,"tagName":"p"},{"type":"text","content":"All securities issued in connection with the Private Placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada. The Private Placement is subject to all necessary corporate and regulatory approvals, including approval of the TSX Venture Exchange pursuant to TSXV Policy 4.1 - Private Placements ("Policy 4.1"). The use of proceeds will be dedicated to general working capital with no specific use of proceeds representing 10% or more of the gross, nor will any proceeds be used for investor relations activities.","length":631,"tagName":"p"},{"type":"text","content":"None of the securities issued in the Private Placement will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solici...