CWRK - CurrencyWorks announces $500K in strategic financing by management

CurrencyWorks (OTCQB:CWRK) plans to complete a non-brokered private placement wherein it plans to sell to Jimmy Geiskopf, Cameron Chell and Swapan Kakumanu, directors and executive officers of the company, shares for gross proceeds of $50K. The shares are priced at the market as of Dec.28 market close. The company has also entered into a securities purchase agreement with Blockchain Capital, a strategic investor, for the purchase of 1.96M shares in a registered direct offering. The purchase price for one share and one warrant to purchase one share is $0.23; warrants have an exercise price of $0.288/share and will be immediately exercisable and expire two years from the issue date. The offering is expected to close on or about Dec.29. Net proceeds to be used for general corporate or working capital purposes.

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CurrencyWorks announces $500K in strategic financing by management