Auctus Private Equity has entered into a drawdown equity financing agreement with DigitalTown (OTCBB: DGTW). The firm will buy up to $10 million of the company's common stock, up to $150,000 at a time, during a 36-month period. The timing and size of any sales will be determined by DigitalTown, which is developing a nationwide social media network. The company intends to use any proceeds for working capital and other general corporate purposes. Northland Capital Markets served as placement agent and advised DigitalTown.