On March 29, 2018, Abaxx Technologies Inc. (“Abaxx”) announced it has closed non-brokered private placements for aggregate gross proceeds of $6.5 million.

Abaxx intends to use the net proceeds for general working capital purposes.

Abaxx is Canada’s first Blockchain project generator, providing both capital investment and strategic resources to ensure that portfolio companies are positioned to win in their industries.

Peterson McVicar acted for Abaxx Technologies Inc. with a team that included Dennis Peterson and Peter Georgas.