News Releases

Vancouver, BC, Canada, August 9th, 2021 – SkyChain Technologies Inc. (“SkyChain” or the “Company”)(TSXV-SCT) (OTCQB-SKTCF)  announces that the Company proposes to undertake a non-brokered private placement (the "Private Placement") of up to 619,500 units (the "Units") at a price of $0.80 per Unit for gross proceeds of up to $495,600 if the entire Privae Placement is sold. The proceeds from the Private Placement will be used for purchase of equipment. Each Unit will consist of one common share and one non-transferrable share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase an additional common share (a "Warrant Share") of the Company at a price of $1.20 per Warrant Share for a period of two years from the date of issuance of the Units. The funds will be used for purchase of equipment and working capital.

The Private Placement is subject to the approval of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a holder period of four months and one day.



About SkyChain Technologies

Skychain Technologies is a Vancouver based company providing Blockchain Infrastructure services and power solutions. To learn more, visit


Bill Zhang
President and CEO