BIGG Digital Assets Inc. Announces Completion of Non-Brokered Private Placement of CAD $525,000 and Planned Launch of Bitcoin SV on Netcoins

VANCOUVER, British Columbia, Sept. 17, 2020 (GLOBE NEWSWIRE) — BIGG Digital Assets Inc. (“BIGG” or the “Company”)(CSE: BIGG; OTCQB: BBKCF; WKN: A2PS9W),​ owner of Blockchain Intelligence Group (blockchaingroup.io) (“BIG”), a leading developer of blockchain technology search, risk-scoring and data analytics solutions and Netcoins (Netcoins.ca) (“Netcoins”), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, is pleased to announce the​ closing of a non-brokered​ private placement, subject to regulatory approvals, for gross proceeds of $525,000 (the “Private Placement”) to Indigo IP Holdings Ltd. (“Indigo”) and a private investor, through the issuance of 2,282,609 units (the “Units”) of the Company​ at a price of $0.23 per Unit, each Unit consisting of one common share and one warrant exercisable for one common share at a price of $0.27.  An additional 114,130 Units were issued to cover investor costs associated with the Private Placement.

The warrants are subject to an accelerated expiry clause whereby if the closing price of the Company’s shares is $0.40 or greater for a period of twenty (20) consecutive trading days, at any time prior to September 17, 2022, the Company may accelerate the expiry date of the warrants by giving notice to the holders thereof and, in such case, the warrants will expire on the 30th day after provision of the notice.

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