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— Netcoins (@Netcoins) November 12, 2020
The Company intends to use the proceeds from the Offering for research and development, expansion of sales and marketing teams for Blockchain Intelligence Group internationally and Netcoins domestically, additional liquidity for Netcoins trade settlement, increase of long-term Bitcoin investment holdings, and working capital.
The Offering is expected to close on or about November 30, 2020 and is subject to certain conditions including the receipt of all necessary approvals, including the approval of the CSE.
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