Vancouver, BC, Canada, July 28, 2020 – Skychain Technologies Inc. (TSXV-SCT) announces further to
closing of the previous $250,000 tranche, it is proceeding with another $500,000 offering on the same
terms, subject to TSXV approval.
Funds raised are to contribute to the expected costs for the substation and equipment purchases of
the Manitoba transmission station to add significant capacity to current crypto-hosting facilities The
offering is for a 2,500,000-unit private placement financing at a price of $0.20 per unit, each unit
consisting of a common SkyChain share and a half warrant to raise $500,000. Two warrants will entitle
the unit holder to acquire an additional Skychain share at an exercise price of $0.30 for an exercise
term of six months from date of issuance. A finders fee is expected to be paid on part or all of the
placement based on the TSXV finders fee limitations policy.
Once operational, the new facility will be 400% larger than the current BC facility and will have 43%
lower operating costs due to the low costs of electricity in Manitoba.
Manitoba generates 97% of its electricity through emission-free hydro power, so the power
requirements of crypto mining contribute minimal greenhouse gases.
ON BEHALF OF THE BOARD OF DIRECTORS
President and CEO
Skychain Technologies is a Vancouver based company providing Blockchain Infrastructure services
and power solutions. To learn more, visit www.skychaintechnologies.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.