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Vancouver, BC, Canada, December 23, 2021 – Skychain Technologies Inc. (TSX.V ‐ SCT) (OTCQB ‐ SKTCF) (“Skychain” or the “Company”) is pleased to announce that the Company has successfully completed the non‐brokered private placement (the “Private Placement”) announced on December 15, 2021.
Under the Private Placement the Company issued 4,761,905 common shares of the Company (the “Shares”) at a price of $0.42 per Share for gross proceeds of $2 million dollars. The proceeds from the Private Placement will be used for general and administrative expenses and for the development of the Company’s Birtle, Manitoba and other projects. All securities issued pursuant to the Private Placement will be subject to a hold period of four months and one day.
About Skychain Technologies Inc.
Skychain Technologies Inc. is a Vancouver based company providing blockchain infrastructure services
and power solutions. To learn more, visit www.skychaintechnologies.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
Statements in this news release may be viewed as forward‐looking statements. Such statements
involve risks and uncertainties that could cause actual results to differ materially from those
projected. There are no assurances the company can fulfill such forward‐looking statements and the
company undertakes no obligation to update such statements. Such forward‐looking statements are
only predictions; actual events or results may differ materially as a result of risks facing the company,
some of which are beyond the company’s control.