PANews reported on May 27 that according to Globenewswire, Canadian technology company Matador Technologies Inc. announced that it has completed a non-brokered private placement and issued a total of 2,863,818 units at a price of C$0.55 per share. Each unit consists of one common share and half a common share subscription warrant. Each subscription warrant gives the holder the right to subscribe for one additional common share of the company at a price of US$0.75 per share within twelve months from the date of issuance. The total amount of funds raised is C$1,575,099. The funds will be used to purchase Bitcoin, promote gold acquisitions, and general corporate purposes.