Abaxx Technologies Inc. has announced a non-brokered private placement offering to raise an aggregate principal amount of up to C$20,000,000 through the issuance of secured convertible debentures due 36 months following the date of issuance. The net proceeds of the offering are expected to be used for general corporate and working capital purposes.
Company Information
Company
Abaxx Technologies
Location
390 Bay St
Toronto, Ontario, Canada
About
Abaxx is a development-stage financial software and market infrastructure company creating proprietary technological infrastructure for both global commodity exchanges and digital marketplaces. The Company’s formative technology increases transaction velocity, data security, and facilitates improved risk management in the majority-owned Abaxx Commodity Exchange (Abaxx Singapore Pte. Ltd.) - a commodity futures exchange seeking final regulatory approvals as a “recognized market operator” and “approved clearing house” with the Monetary Authority of Singapore (“MAS”). Abaxx is a founding shareholder in Base Carbon Inc. and the creator and producer of the SmarterMarketsTM podcast.
For more information please visit abaxx.tech, abaxx.exchange and smartermarkets.media.
TorontoFinancial ServicesFinanceFintechBlockchainCryptocurrency