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DGTL offers another private placement to include more subscribers; brings on investor relations firm

This placement, worth C$1 million, is meant to accommodate subscribers that were unable to participate in the previously announced offering

Canadian money
DGTL specializes in accelerating fully commercialized enterprise-level SaaS companies through a combination of unique capitalization structures

DGTL Holdings Inc (CVE:DGTL) (OTCQB:DGTHF) (FRA:A2QB0L) has announced a private placement on Friday for the second week in a row. 

This placement, worth C$1 million, is meant to accommodate subscribers that were unable to participate in the previously announced offering. On January 8, the company announced the closing of an C$883,615 placement, the second tranche of a larger offering.

This time around, the company plans to issue up to roughly 2.7 million shares at a price of C$0.44 per share.

READ: DGTL Holdings to use Hashoff subsidiary to break into lucrative social media platforms like TikTok and Snapchat

The company also announced that it has retained the services of Thesis Capital Inc, a capital markets advisory firm servicing Canadian small-cap companies across the North American markets. Thesis will provide investor relations and communication services to DGTL, subject to TSX-V approval, the company said.

The firm has been hired for an initial term of 12 months, after which DGTL can terminate the deal with 30 days’ notice. Thesis will be paid a monthly fee of C$5,000 plus reasonable out of pocket expenses for its services.

Thesis acts at arm's length and presently owns 342,857 shares of the DGTL, the company said. The fee will be paid by the company to Thesis is for services only.

DGTL specializes in accelerating fully commercialized enterprise-level SaaS companies through a combination of unique capitalization structures.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

Quick facts: DGTL Holdings Inc.

Price: 0.63 CAD

TSX-V:DGTL
Market: TSX-V
Market Cap: $21.36 m
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