HIVE Blockchain Technologies Completes $30 Million Bought Deal Private PlacementOctober 11, 2017
HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (the “Company”) completed a bought deal private placement of a total of 20,000,000 common shares (“Shares”) at a price of $1.50 per Share for gross proceeds of $30 million (the “Offering”). The Company intends to use the net proceeds of the Offering to finance the acquisition of additional cryptocurrency mining equipment located in Reykjanes, Iceland and for general working capital purposes. The Offering was completed with a syndicate of underwriters led by GMP Securities L.P. and included Haywood Securities Inc., Eventus Capital Corp. and PI Financial Corp. (collectively, the “Underwriters”).
Wildeboer Dellelce LLP acted for the Underwriters in connection with the Offering with a team that included Perry Dellelce, Geoffrey Cher, Jeff Hergott, Danny Kharazmi and Joel Fraser (corporate/securities).
GMP Securities L.P.
Visit website »