Digatrade Announces Financing

Vancouver, British Columbia (FSCwire) - DIGATRADE FINANCIAL CORP (OTCQB: DIGAF) an online digital asset exchange platform and blockchain development services company today announced the execution of a proposed stock purchase agreement dated 10.31.2016 with GHS Investments LLC to purchase up to four million dollars (USD$4,000,000) (the “equity sum or commitment amount”) of the Company common stock from time to time over the course of twenty-four (24) months after the effective registration of the underlying shares (the “Contract Period’).

As per British Columbia Securities Commission (BCSC) BC Instrument 51-509 “Issuers Quoted in the U.S. Over-the-Counter Markets” the stock price terms of the financing include a maximum discount to market equal to 19.9% of the average closing price of the stock during a 10 day valuation period. This funding mechanism will minimize dilution while providing growth capital to the Company. The Company currently has 34,911,150 shares issued and outstanding (26,326,157 restricted and 8,584,993 free trading).

The Company’s legal counsel is currently preparing the filing with full disclosure of the financing to be made available on both Edgar and Sedar within 30-60 days.

ABOUT DIGATRADE:

DIGATRADE is a global digital asset exchange and blockchain development Services Company located in Vancouver, British Columbia, Canada. The Company is owned and operated 100% by Digatrade Financial Corp which is publically listed on the OTC.QB under the trading symbol DIGAF. DIGAF is a reporting issuer in the Province of British Columbia, Canada with the British Columbia Securities Commission "BCSC" and in the United States with the Securities Exchange Commission "SEC".

CORPORATE CONTACT INFORMATION:

Digatrade Financial Corp

885 West Georgia Street, 1500

Vancouver, BC V6C-0A6 Canada

Tel: +1(604) 200-0071

Fax: +1(604) 200-0072

www.digatrade.com

Media inquiries:

press@digatrade.com

Forward-Looking Information

This press release contains certain “forward-looking information”. All statements, other than statements of historical fact, that address activities, events or development that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. This forward-looking information reflects the current expectations or beliefs of the company based on information currently available to the Company. Forward-looking information is subject to a number of significant risks and uncertainties and other factors that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, the possibility of unanticipated costs and expenses. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the company disclaims any intent or obligation to update any forward-looking information whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/digatrade11102016.pdf

Source: Digatrade Financial Corp. (OTCQB:BITXF)

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