NEXTGEN DIGITAL ANNOUNCES CLOSING OF FIRST TRANCHE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT FINANCING AND PROVIDES UPDATE ON STOCK SPLIT

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NEXTGEN DIGITAL ANNOUNCES CLOSING OF FIRST TRANCHE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT FINANCING AND PROVIDES UPDATE ON STOCK SPLIT - GlobeNewswire

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NEWSWIRE SERVICES –Fredericton, New Brunswick, Jan.23, 2025 (GLOBE NEWSWIRE) -- NextGen Digital Platforms Inc.(CSE:NXT) (FSE:Z12) ("NextGen” or the "Company”) is pleased to announce, further to its news release of January 10, 2025, that the Company has completed the first tranche (the "First Tranche”) of its previously announced non-brokered private placement financing (the "Offering”).

The Company is also pleased to announce, further to its news release dated December 20, 2024, that the Company has received approval from the Canadian Securities Exchange ("CSE”) for its proposed split of its Shares on the basis of 2 (two) post-split Shares for each issued and outstanding pre-split Share (the "Share Split”).

In connection with the First Tranche, the Company paid finder’s fees to eligible finders consisting of $31,848 in cash and 24,631 common share purchase warrants (the "Finder’s Warrants”).