DIGI News Release DigiMax Announces CAD$13.2 Million Private Placement with Institutional Investors to Fund Future Expansion 2021-03-14 23:41 ET - News Release NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, ON / ACCESSWIRE / March 14, 2021 / DigiCrypts Blockchain Solutions Inc. o/a DIGIMAX GLOBAL SOLUTIONS (the "Company" or "DigiMax") (CSE:DIGI) is pleased to announce that the Company has entered into securities purchase agreements with certain institutional investors, for gross proceeds of approximately CAD$13.2 million in a private placement of its equity securities, comprised of 37,793,715 common shares of the Company ("Shares") and warrants to purchase up to 37,793,715 common shares ("Warrants"), at a purchase price of CAD$0.35 per Share and associated Warrant. The Warrants have an exercise price of CAD$0.365 per Share and exercise period of three and one-half years from the issuance date. The net proceeds of the private placement will be used by the Company for working capital and general corporate purposes and may be used to fund strategic partnerships that may include an acquisition of all or part of existing companies operating in similar artificial intelligence, or blockchain/crypto spaces. However, no agreements have been signed, nor any terms agreed on, in respect of any such transactions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the private placement. The private placement is expected to close on or about March 17, 2021, subject to satisfaction of customary closing conditions and stock exchange approvals. No securities were offered for sale or sold to Canadian residents.