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CCU closes private placement with total proceeds of C$3.2M

Date Closed

January 20, 2022

Lead Office

Montréal

Value

3.20 Million CAD

On January 20, 2022, Canada Computational Unlimited Corp. (“CCU”) closed on a non-brokered private placement of common shares. CCU issued 3,912,481 shares at a price of $0.84 per share for total proceeds of approximately C$3,286,484.  CCU intends to use the net proceeds for general working capital purposes.

CCU is a bitcoin mining company based in Joliette, Québec, created in 2017 and listed on the TSXV since 2021. CCU uses hydropower to mine Bitcoin, Ether and other cryptocurrencies.

McCarthy Tétrault LLP assisted CCU with a team led by Laure Fouin that included Philippe Leclerc, Alexandre Saulnier-Marceau and Annie Poirier-Simard (Securities).

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