Newly funded BitGold to go public in RTO with Loma Vista Capital
BitGold Inc has agreed to merge with Loma Vista Capital Inc (CSE: LOV) in a reverse take-over (RTO). The deal follows the close of BitGold's Series A financing round in late 2014, when the Toronto gold exchange company raised $3.5 million. Concurrent with the RTO, BitGold said it expects to complete a private placement to raise gross proceeds of about $6 million. The funds will be used to execute its marketing and customer acquisition strategy and develop its technology and intellectual property portfolio. BitGold said it is also discussing potential opportunities with Canadian alternative assets manager Sprott Inc.
29 January 2015•10 mins read
