DGTL Holdings Inc. Reports Private Placement Financing

Rhea-AI Summary

DGTL Holdings (NEX: DGTL.H) has announced plans for a non-brokered private placement financing, aiming to issue up to 25 million common shares at $0.02 per share. The offering is expected to raise gross proceeds of up to $500,000, which will be allocated towards operating working capital.

The company specified that no proceeds will be used for investor relations activities, and no single use will represent 10% or more of the gross proceeds. All issued securities will be subject to a four-month and one-day restricted hold period from the issuance date. This current offering replaces a previously announced private placement from July 19th, 2024, which was never formally initiated.

Positive

• Securing up to $500,000 in additional working capital

Negative

• Significant shareholder dilution through issuance of 25 million new shares
• Low share price of $0.02 indicates potential financial distress
• Previous planned private placement from July 2024 failed to materialize

Toronto, Ontario--(Newsfile Corp. - February 3, 2025) - DGTL Holdings Inc. (NEX: DGTL.H) ("DGTL" or the "Company") reports that it intends to complete a non-brokered private placement financing (the "Offering") issuing up to 25,000,000 common shares of the Company (each a "Share") at a price of $.02 per common share for gross proceeds of up to $500,000.

Proceeds from the Offering will be used to fund operating working capital and will not be used for any investor relations activities. There is no specific use of proceeds which will represent 10% or more of the gross proceeds of the Offering. All securities issued pursuant to the Offering will be subject to a restricted hold period of four months and one day from the date of issuance.

Lastly, the current Offering supersedes a previously anticipated private placement announced on July 19th, 2024, which was never formally initiated or made available to the public.

For more information please contact:

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

Forward-Looking Statements

This news release may contain certain "forward-looking statements." Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future.

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/239381

FAQ

How much is DGTL Holdings (DGTL.H) raising in its latest private placement?

DGTL Holdings is raising up to $500,000 through a private placement offering of 25 million common shares at $0.02 per share.

What is the share price for DGTL Holdings' February 2025 private placement?

The private placement is priced at $0.02 per common share.

How long is the hold period for DGTL Holdings' private placement shares?

The securities issued in the private placement will have a restricted hold period of four months and one day from the date of issuance.

What will DGTL Holdings use the private placement proceeds for?

The proceeds will be used to fund operating working capital, with no allocation for investor relations activities and no single use exceeding 10% of the gross proceeds.

How many new shares will DGTL Holdings issue in the February 2025 private placement?

DGTL Holdings plans to issue up to 25,000,000 common shares through the private placement.