Digatrade Financial Corp. (DIGAF)

[faqt]

11/10/2016 - Proposed Stock purchase agreement - $4 Million / 2 years
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11679792

PRESS RELEASE:

DIGATRADE ANNOUNCES FINANCING

Vancouver, British Columbia – November 10, 2016 – DIGATRADE FINANCIAL CORP (OTCQB: DIGAF) an online digital asset exchange platform and blockchain development services company today announced the execution of a proposed stock purchase agreement dated 10.31.2016 with GHS Investments LLC to purchase up to four million dollars (USD$4,000,000) (the “equity sum or commitment amount”) of the Company common stock from time to time over the course of twenty-four (24) months after the effective registration of the underlying shares (the “Contract Period’).

As per British Columbia Securities Commission (BCSC) BC Instrument 51-509 “Issuers Quoted in the U.S. Over-the-Counter Markets” the stock price terms of the financing include a maximum discount to market equal to 19.9% of the average closing price of the stock during a 10 day valuation period. This funding mechanism will minimize dilution while providing growth capital to the Company. The Company currently has 34,911,150 shares issued and outstanding (26,326,157 restricted and 8,584,993 free trading).

The Company’s legal counsel is currently preparing the filing with full disclosure of the financing to be made available on both Edgar and Sedar within 30-60 days.

Long DIGAF