RE:Graph Blockchain Announces CAD$10 Million Private Placement
HelloStocksCDN wrote: This is very good for DM as adds cash to balance sheet of Graph which in turns add to value of DM as major shareholder. https://www.newsfilecorp.com/release/78401/
Graph Blockchain Inc. (CSE: GBLC) ("Graph" or the "Company") is pleased to announce that it has entered into a securities purchase agreement with certain institutional investors to issue in a private placement 76,190,477 common shares ("Common Shares") and warrants to purchase up to 76,190,477 Common Shares ("Warrants"), at a purchase price of CAD$0.13125 per Common Share and associated Warrant, for gross proceeds to Graph of approximately CAD$10 million (the "Private Placement"). The Warrants have an exercise price of CAD$0.175 per Common Share and may be exercised at any time prior to the five-year anniversary of the issuance date.
what would be the impact on the gblc share price?