04:56 PM EDT, 06/04/2025 (MT Newswires) -- Matador Technologies ( MATAF ) after close of trade Wednesday closed the second tranche of a non-brokered private placement, raising $1.64 million

The bitcoin company placed 2.65-million units priced at $0.62 each and made up of a share and one-half of a 0ne-year warrant to buy a second share for $0.77.

Proceeds are expected to be allocated approximately one-third to each of the following: the purchase of bitcoin; advancing the company's gold acquisition and Grammies business initiatives; and general corporate purposes.

The company's shares closed down $0.09 to $1.71 on the TSX Venture Exchange. The shares have climbed 112% since it announced the private placement on May 22,