Darkhorse Technologies Ltd Announces Up to $3.0 Million Capital Raise

Company Announces Details of its General Solicitation Offering under Regulation D 506(c) of the Securities Act Solely to Accredited Investors and Institutional Investors

Montreal, Quebec--(Newsfile Corp. - November 2, 2020) - Darkhorse Technologies Ltd ("Company"), announced today the details of its general solicitation private placement offering ("Offering") solely to accredited investors under Rule 506(c) of Regulation D promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended ("Securities Act").

The Company has engaged WestPark Capital, Inc. ("WestPark Capital") as lead placement agent to provide financial advisory and other professional services.

"We believe this offering represents a tremendous opportunity for our Company as we enter the next stage of our business and corporate expansion," stated David van Herwaarde, CEO of Darkhorse Technologies Ltd. "This offering will provide the capital needed to globally scale our digital currency business lines and further develop our iGaming commercial partnerships."

Additional details are included in the Company's Private Placement Memorandum which will be available to any accredited investor and is posted on the Company's website at: www.darkhorseteck.com.

The securities offered in the Offering will not be and have not been registered under the Securities Act, any state securities laws or the securities laws of any other jurisdiction, and may not be offered or sold in the United States or the United States persons absent registration or an applicable exemption from registration requirements of the Securities Act is available. Additional details of the offering are included in the Private Placement Memorandum.

This announcement does not constitute an offer to sell nor a solicitation of an offer to purchase any securities in any jurisdiction in which such an offer or solicitation is not authorized and does not constitute an offer within any jurisdiction to any person to whom such offer would be unlawful.

Under Rule 506(c), general solicitation of offerings is permitted, however, purchasers in a Rule 506(c) offering must be "accredited investors." The SEC defines the term "accredited investor" in Rule 501(a). Generally, individuals are considered accredited investors if they have a net worth greater than $1 million (excluding their primary residence) or incomes in excess of $200,000 in the last two years with the expectation of the same in the current year (or $300,000 with a spouse).

For more information about Darkhorse Technologies Ltd and complete investor materials such as investor presentations and Private Placement Memorandum, please visit: www.darkhorseteck.com.

About WestPark Capital, Inc.

WestPark Capital, Inc. is a full service investment banking and securities brokerage firm which serves the needs of both private and public companies worldwide, as well as individual and institutional investors. We are committed to forging lasting partnerships with emerging growth companies and the investors who back them. Our simple approach is to provide customized financial solutions for virtually any need. A complete range of investment banking and brokerage services are available to our valued corporate and individual clients. WestPark Capital is registered as a broker-dealer with the SEC and in 50 states, the District of Columbia, Puerto Rico and Virgin Islands, and is a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. For more information, please visit: www.wpcapital.com.

Contact:

Craig Kaufman
Head of Investment Banking
WestPark Capital, Inc.
347-923-7404
ckaufman@wpcapital.com

About Darkhorse Technologies Ltd

Darkhorse is a B2B software and content provider specializing in the integration and deployment of cutting-edge iGaming technology and digital database engagement. The Corporation is incorporated in Canada and has multiple business partners that operate in over 30 jurisdictions spanning five continents.

Darkhorse is the world's first company to deploy underlying lottery technology together with crypto processing software throughout the Digital Currency industry. By doing so Darkhorse has positioned itself as a market leader and has become the "Backbone" for the dissemination and monetization of bespoke iGaming content throughout the world of digital currencies.

Contact:

IR Manager
Darkhorse Technologies Ltd
Investor enquiries - corporateservices@darkhorsetek.com
Website: www.darkhorseteck.com

Forward-Looking Statements

Certain matters discussed within this press release are forward-looking statements including, but not limited to the timing and ability to enter into any additional acquisitions and expand our business, as well as the size of future revenue or trading volume or future access to capital markets. Although Darkhorse Technologies Ltd believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Darkhorse Technologies Ltd does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions, our ability to access the capital markets on terms acceptable to us, or at all, our ability to comply with our contractual covenants, including in respect of our debt and other risks detailed from time to time in Darkhorse Technologies Ltd reports filed on SEDAR.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67362

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