DGTL Holdings Inc. Reports Closing of Private Placement Financing

Rhea-AI Summary

DGTL Holdings (TSXV: DGTL) has completed a non-brokered private placement financing, issuing 5,544,344 common shares at $0.045 per share. The shares will be subject to a mandatory four-month and one-day trading restriction period from issuance.

The company's CEO and Chairman John Belfontaine participated in the offering, acquiring 1,388,889 common shares as a related party transaction. This participation was exempt from minority shareholder approval requirements under MI 61-101, as the fair market value does not exceed 25% of the company's total market capitalization.

The gross proceeds will be allocated to working capital, with no single use exceeding 10% of the proceeds. The company has specified that no proceeds will be used for investor relations activities.

Positive

• Successful completion of private placement financing providing additional working capital
• CEO participation in financing demonstrates management confidence

Negative

• Low share price of $0.045 indicates potential financial distress
• Dilution of existing shareholders through new share issuance

Toronto, Ontario--(Newsfile Corp. - March 7, 2025) - DGTL Holdings Inc. (TSXV: DGTL) ("DGTL" or the "Company") reports the closing of a non-brokered private placement financing (the "Offering") resulting in the issuance of 5,544,344 common shares (each a "Share") at a price of $.045 per share.

All securities issued pursuant to the Offering will be subject to a mandatory trading restriction period of four months and one day from the date of issuance. Gross proceeds will be dedicated to working capital. No one specific use of proceeds will represent 10% or more of the proceeds nor will any proceeds be used for investor relations activities.

The Company also reports a related party participation in the Offering with 1,388,889 common shares being acquired by CEO and Chairman John Belfontaine. The Company notes a reliance on exemptions from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(a) of MI 61-101 as the fair market value of the related party transaction does not exceed more than the 25% of the Company's total market capitalization. For more information contact:

John Belfontaine, CEO

Email: IR@dgtlinc.com
Phone: +1 (877) 879-3485
Website: www.dgtlinc.com

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243839

FAQ

How many shares were issued in DGTL Holdings (DGTHF) March 2025 private placement?

DGTL Holdings issued 5,544,344 common shares at $0.045 per share in the March 2025 private placement.

What is the lock-up period for DGTL Holdings (DGTHF) March 2025 private placement shares?

The shares have a mandatory trading restriction period of four months and one day from the date of issuance.

How many shares did DGTL Holdings (DGTHF) CEO acquire in the March 2025 private placement?

CEO John Belfontaine acquired 1,388,889 common shares in the private placement.

What will DGTL Holdings (DGTHF) use the March 2025 private placement proceeds for?

The proceeds will be used for working capital, with no single use exceeding 10% of the total proceeds.