For immediate release. Skychain Technologies Inc. (TSXV-SCT) is pleased to announce that it is proceeding with a non-brokered Unit Financing at $0.10 per Unit for aggregate proceeds of approximately $1.6 million, with each Unit consisting of a common Share and a share purchase Warrant, each Warrant exercisable for a period of one(1) year from the Closing of the Financing at $0.20 per Share.
The gross proceeds from the Financing will be used to pay down debts and be added to working capital.
ON BEHALF OF THE BOARD OF DRIECTORS
President and CEO