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Digital Commodities Secures $2 Million in Private Placement, Mogo Inc. Invests $1 Million

Digital Commodities has successfully completed a $2 million funding round, with plans to use the capital for acquiring Bitcoin and gold as part of its strategy.

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Summary

Digital Commodities has completed a $2 million non-brokered private placement, fully subscribed with Mogo Inc. as the main investor contributing $1 million. The funds will be used to enhance the company's strategy, including acquiring Bitcoin and gold as non-legal tender assets.

Terms & Concepts
  • non-brokered private placement: A fundraising method where a company sells securities directly to a select group of investors without the involvement of a broker.
  • Bitcoin: A decentralized digital currency that allows peer-to-peer transactions without the need for intermediaries.
  • non-legal tender assets: Assets that are not recognized as legal currency but can still hold value, such as Bitcoin and gold.