Skychain's Proposed Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 9, 2021) - Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) ("Skychain" or the "Company") 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 Private Placement is sold. The proceeds from the Private Placement will be used for purchase of equipment. Each Unit will...
2021-08-09 3:30 PM EDT
SkyChain Closes Second and Final Tranche of June Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2021) - SkyChain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) ("SkyChain" or the "Company") is pleased to announce that it has successfully completed the second tranche of the non-brokered private placement (the "Offering") described in its news release on June 7, 2021. Under the second tranche of the Offering, the Company issued 317,949 units (the "Units") at a price of CDN$0.78 per Unit for gross proceeds of $248,000. Each Unit...
2021-08-06 5:13 PM EDT
Skychain's Debt Settlement Transaction
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2021) - Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) (the "Company") is pleased to announce that the Exchange has approved a debt settlement with Houston BC Mining Power Corp. previously announced on June 7, 2021. Pursuant to the settlement, the Company issued 243,590 common shares (the "Settlement Shares") at a deemed price of $0.78 per share to settle $190,000 of debt owing to Houston BC Mining Power Corp. The Settlement...
2021-07-30 6:00 AM EDT
Skychain Closes Final Tranche of Placement with The9 Limited
Vancouver, British Columbia--(Newsfile Corp. - July 27, 2021) - Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) (the "Company") announces that it has received approval from the TSX Venture Exchange (the "Exchange") to close the outstanding portion of the financing transaction (the "Offering") with The9 Limited (the "The9"). As previously announced by the Company on April 21, 2021 and May 13, 2021, the Company entered into a financing agreement with The9 pursuant to which The9 agreed to...
2021-07-27 6:00 AM EDT
Skychain Signed an Offer to Purchase a Property in Manitoba for Crypto Hosting Facility
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2021) - Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) (the "Company") announces that the Company has entered into an arm's-length agreement to purchase real estate in the province of Manitoba in cash. The Company intends to develop a crypto mining site of approximately 22MW capacity on the property.Closing of the acquisition remains subject to successful due diligence of the site and the satisfaction of various conditions to...
2021-07-23 6:00 AM EDT
SkyChain Closes First Tranche of June Private Placement
Vancouver, British Columbia--(Newsfile Corp. - July 20, 2021) - SkyChain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) ("Skychain" or the "Company") is pleased to announce that it has successfully completed the first tranche of the non-brokered private placement (the "Offering") described in its news release of June 7, 2021. Under the first tranche of the Offering, the Company issued 198,446 units (the "Units") at a price of CDN$0.78 per Unit for gross proceeds of $154,787.88. Each Unit...
2021-07-20 12:14 PM EDT
SkyChain Signs LOI to Establish Joint Venture for Visual Effects Rendering Services
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2021) - SkyChain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) ("Company") reports that the company has signed a Letter of Intent ("LOI") to establish a joint venture with The Embassy Visual Effects Inc. ("Embassy"), an award-winning visual effects studio in Vancouver, BC. The joint venture will work together to develop and grow SkyRendering Technologies Inc. ("SkyRendering"), a separate joint venture established between SkyChain and...
2021-07-16 6:00 AM EDT
Skychain Announces COO Appointment and Container Manufacturing Joint Venture
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2021) - Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) (the "Skychain") announces the Board has approved the appointment of West Ma as Chief Operating Officer ("COO"). Mr. Ma has over 35 years of experience in technology industry and international trades and has expertise in blockchain and cryptocurrency. Mr. Ma previously worked as the CEO and Chief Representative of Incorporations in China, Netherlands, United Kingdom and...
2021-07-14 6:00 AM EDT
Skychain Announces Stock Option Grant
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2021) - Skychain Technologies Inc. (TSXV: SCT and OTCQB: SKTCF, the "Company") announces that the board has approved the grant to its directors of the Company, pursuant to the terms of the Company's stock option plan, a total of 950,000 stock options. Each such stock option entitles the holder to purchase one common share of the Company at a price of CAD $0.80 for a period of 2 years. The options are not...
2021-07-09 6:23 PM EDT
Skychain Signed Investment Agreement to Establish Skyrendering Technologies Inc.
Vancouver, British Columbia--(Newsfile Corp. - July 7, 2021) - Skychain Technologies Inc. (TSXV: SCT) is pleased to announce that it has signed an agreement (the "Agreement") with Synergy Global Consulting Corp. ("Synergy") and 1283230 B.C. Ltd ("128") to establish a joint venture company Skyrendering Technologies Inc. ("Skyrendering") to provide premier visual effects (VFX) rendering services to the film and entertainment industry. Under the terms of the Agreement, both Skychain and 128 will...
2021-07-07 6:00 AM EDT
Skychain's Proposed Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 22, 2021) - Skychain Technologies Inc. (TSXV: SCT) ("Skychain" or the "Company") announces that the Company proposes to undertake a non-brokered private placement (the "Private Placement") of up to 468,750 units (the "Units") at a price of $0.64 per Unit for gross proceeds of up to $300,000 if the entire Private Placement is sold. The proceeds from the Private Placement will be used for purchase of equipment. Each Unit will consist of one...
2021-06-22 6:00 AM EDT
SkyChain's Debt Settlement and Proposed Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 7, 2021) - SkyChain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) announces that the Company has agreed to settle an outstanding debt (the "Debt Settlement") of CDN $190,000.00 owing to Houston BC Mining Power Corp. through the issuance of 243,590 common shares (the "Settlement Shares") at price of $0.78 per Settlement Share. Houston BC Mining Power Corp is arms' length to the Company. The Debt Settlement is subject to the approval of the TSX...
2021-06-07 2:46 PM EDT
Skychain Secures Funding for 12 MW Crypto Hosting Facility in Birtle, Manitoba
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2021) - Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) (the "Company") announces that it has arranged and successfully closed on the first tranche of securities of a private placement (the "Offering") with The9 Limited (the "The9") (NASDAQ: NCTY), an industry leader in crypto mining services. As previously announced by the Company on April 21, 2021 and May 13, 2021, the Company entered into a financing agreement with The9 pursuant...
2021-06-04 6:00 AM EDT
Skychain Announces Updates of Quebec Facility Acquisition
Vancouver, British Columbia--(Newsfile Corp. - May 31, 2021) - Skychain Technologies Inc. (TSXV: SCT) announces once more of the update in regards to the Quebec facility acquisition. Sherbrooke Acquisition ClarificationFurther to its news release dated May 21, 2021, the Company would like to clarify certain matters concerning the now terminated acquisition (the "Acquisition") of all of the issued and outstanding common shares (the "Zhang Shares") in the capital of 1151203 B.C. Ltd. ("115")....
2021-05-31 5:00 PM EDT
Skychain Announces Update of Quebec Facility Acquisition
Vancouver, British Columbia--(Newsfile Corp. - May 21, 2021) - Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) ("Skychain") announces termination of agreement to the Quebec facility purchase. In February, 2018, Skychain entered into a lease agreement (the "Lease") with 1151203 B.C. Ltd. ("115") pursuant to which Skychain agreed to lease a 20Mw cryptomining hosting facility (the "Facility") located in Sherbrooke, Quebec. Skychain provides cryptomining hosting services for clients at the...
2021-05-21 6:38 PM EDT
Skychain Updates Securities Offering To Finance Crypto Hosting Facility In Birtle, Manitoba
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2021) - Skychain Technologies Inc. (TSXV: SCT) would like to provide an update to its news release dated April 21, 2021 concerning an offering of the Company's securities to finance the development of a Crypto Hosting facility (the "Facility") in Birtle, Manitoba. The April 21, 2021 news release incorrectly referred to a term sheet (the "Term Sheet") entered into between the Company and the potential investor as being binding. The term...
2021-05-14 12:00 PM EDT
Skychain Announces U.S. Listing on OTCQB Venture Marketplace with symbol SKTCF
Vancouver, British Columbia--(Newsfile Corp. - May 4, 2021) - Skychain Technologies Inc. (TSXV: SCT) (OTCQB: SKTCF) (the "Company") is pleased to announce that the company is now listed on the OTCQB Venture Marketplace (the "OTCQB Venture"). The OTCQB venture is a US trading platform that is operated by the OTC Markets Group (www.otcmarkets.com ) with its headquarter located in New York. The Company can be found under its symbol "SKTCF" on the platform while the Company's common shares will...
2021-05-04 9:00 AM EDT
Skychain Signs Binding Term Sheet to Raise $4,000,000 for 12 MW Crypto Hosting Facility in Birtle, Manitoba
Vancouver, British Columbia--(Newsfile Corp. - April 21, 2021) - Skychain Technologies Inc. (TSXV: SCT) (the "Company") is pleased to announce signing of a binding term sheet for a $4 million financing to construct and operate a 12 MW crypto hosting facility in Birtle, Manitoba (the "Project"). The financing consists of a convertible note of $2 million (the "Note") and an equity private placement of $2 million (the "Private Placement"). The Note bears an interest rate of 1% and is convertible...
2021-04-21 6:00 AM EDT
Skychain Announces Director Appointment
Vancouver, British Columbia--(Newsfile Corp. - April 19, 2021) - Skychain Technologies Inc. (TSXV: SCT) announces the appointment of Frederick Jung to the Company's Board of Directors (the "Board") effective immediately. Mr. Jung will provide financial guidance to Skychain to continue the growth of its business operations. Mr. Jung is currently the Chief Financial Officer of Solar Flow-Through Funds. Mr. Jung's extensive in corporate finance and strategic planning will be an invaluable...
2021-04-19 6:00 AM EDT
SkyChain and Synergy Global Announce Joint Venture to Create a VFX Rendering Company
Vancouver, British Columbia--(Newsfile Corp. - April 14, 2021) - Skychain Technologies Inc. (TSXV: SCT) announced today that it has entered into an agreement with Synergy Global Consulting Corp. to establish a joint venture company to provide premier visual effects (VFX) rendering services to the film and entertainment industry. "We are pleased to announce this new joint venture for VFX Rendering Technologies Inc., and adding another platform to our services as we continue to deliver on our...
2021-04-14 6:01 AM EDT