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| Home : MOBI724 Global Solutions (CSE:MOS) Announces $1.0 Million Financing |
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Sep 07
2016 |
MOBI724 Global Solutions (CSE:MOS) Announces $1.0 Million Financing |
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MONTREAL, QUEBEC--(Marketwired - Sept. 6, 2016) - MOBI724 Global Solutions Inc. ("MOBI724" or the "Company") (CSE:MOS), a Fintech leader offering all in one fully integrated EMV payment, card link couponing and digital marketing is pleased to announce that it has authorized and is currently seeking to close private placements in the aggregate amount of 1 million dollars by issuing a maximum of 20,000,000 common shares at $0.05 per share including the discounts allowed by CSE policies. The subscribers shall also be issued one common share purchase warrant for every common share issued at an exercise price of $0.15 exercisable on or before August 31st, 2018 after which they shall expire. The common shares shall be sold pursuant to exemptions from prospectus requirements to purchasers in Canada and will be listed on the Canadian Securities Exchange (CSE). The proceeds received will be utilized to support solution deployments as well as supporting the Company's working capital requirements. |
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| Source:http://www.marketwired.com/mw/release.do?id=2155654&sourceType=3 |
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