Internet reports that according to an official announcement, Canadian technology company Matador Technologies Inc. (TSXV: MATA, OTCQB: MATAF) recently announced that it will conduct a non-brokered private placement with a maximum number of 5,454,546 units and a price of 0.55 Canadian dollars per share. Matador expects to raise a total of up to C$3 million. About one-third of the net proceeds from the offering are expected to be used for the following purposes: purchasing Bitcoin; advancing the company's gold acquisitions and Grammy business plans; and general corporate purposes.