Fasken advised the syndicate of investors.
BIGG Digital Assets Inc. (CSE: BIGG; OTCQB: BBKCF; WKN: A2PS9W), completed a bought deal public offering of 13,800,000 units of the Company at a price of $2.10 per Unit, for aggregate gross proceeds of C$28,980,000. The Offering was conducted by a syndicate of underwriters led by PI Financial Corp. and included Canaccord Genuity Corp. and Echelon Wealth Partners. The Units issued under the Offering were offered by way of a short form prospectus filed in each of the provinces of Canada (other than Québec).
BIGG is a Vancouver-based compliance-first crypto company hoping to revolutionize the crypto environment so that it’s safe, compliant and regulated. BIGG owns two operating companies: Blockchain Intelligence Group and Netcoins.
The Company plans to use the proceeds from the Offering for cryptocurrency trading floats for Netcoins and working capital.
The Fasken team was led by Mike Stephens (Picture) and Martin Ferreira Pinho and included Brandon Deans (Corporate Finance & Securities) and Zaira Petruf (Due Diligence).
Law Firms: Fasken Martineau;