BULLETIN V2025-1936
MATADOR TECHNOLOGIES INC. ("MATA")
BULLETIN TYPE: Change of Business, Property-Asset or Share Disposition Agreement
BULLETIN DATE: June 30, 2025
TSX Venture Tier 2 Company
Change of Business
Effective at the opening, Thursday, July 3, 2025, TSX Venture Exchange has accepted for filing the Company's Change of Business, which includes the acceptance of the following transactions:
As per the Exchange's bulletins dated June 16, 2025, the Company completed a $3,000,000 non-brokered private placement at $0.55 per unit, and a $4,600,000 non-brokered private placement at $0.62 per unit, for total aggregate proceeds of $7,600,000. Proceeds of the private placements were allocated approximately one-third each to (i) purchasing Bitcoin, (ii) advancing the Company's gold acquisition and other gold-related business initiatives, and (iii) general corporate purposes.
On June 25, 2025, the Company announced its Bitcoin holdings at 77 Bitcoin and Bitcoin equivalents.
Property-Asset or Share Disposition Agreement
On May 29, 2025, the Company entered into a binding letter of intent to invest in HODL Systems, a public technology company trading on the Bombay Stock Exchange. Pursuant to the terms of the agreement, the Company would invest up INR 24,20,61,470.48 (Indian Rupees) in equity in HODL Systems, resulting in the Company owning up to 24% of HODL Systems.
TSX Venture Exchange has accepted for filing documentation with respect to the Company's arm's length acquisition of 6,069,746 share purchase warrants in HODL Systems for CAD$3,872,983. The Company will pay 25% of the purchase price upon HODL Systems issuing the share purchase warrants to the Company, with the balance of the purchase price payable upon the Company exercising its share purchase warrants for no additional consideration. The share purchase warrants expire 18 months from issuance. Completion of the investment transaction is subject to completion of the Change of Business.
The Company's shareholders approved the Change of Business via written consent on June 24 and 25, 2025.
Please refer to the Company's Filing Statement dated June 20, 2025 (available on SEDAR+) as well as the Company's news releases of December 23, 2024, May 5, 2025, May 29, 2025, June 25, 2025 and June 30, 2025.
The Company is classified as a 'data processing, hosting and related services' and 'other financial investment activities' company under the Technology and Investment issuer categories of listing on the Exchange.
Capitalization: unlimited shares with no par value of which
105,935,705 shares are issued and outstanding
Escrowed: 43,752,100 common shares
Escrow Term: 3 years
Symbol: MATA (UNCHANGED)
Company Contact: Geoff St. Clair, VP Finance
Company Address: 82 Richmond Street East
Toronto, ON M5C 1P1
Company Phone Number: (647) 542-3600
Company Email Address: geoff@matador.network
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