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| Home : Mobi724 Global Solutions (CSE:MOS) Announces the Closing of a Private Placement Further to the Granting of a Partial Revocation of a Cease Trade Order to Allow a Financing |
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Jul 15
2015 |
Mobi724 Global Solutions (CSE:MOS) Announces the Closing of a Private Placement Further to the Granting of a Partial Revocation of a Cease Trade Order to Allow a Financing |
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MONTREAL, QUEBEC--(Marketwired - July 14, 2015) - Mobi724 Global Solutions Inc. ("Mobi724" or the "Corporation") (CSE:MOS), formerly Hybrid Paytech World Inc. (CSE:HPT), a technology leader in the digital incentives, couponing and payment space, announced today that it has successfully closed a first tranche private placement of $ 800,000.00. Pursuant to the private placement, 9,696,968 common shares of the Corporation were issued at a price of $0.0825 (market price less the maximum allowable discount). The Corporation also issued 9.696,968 common share purchase warrants at an exercise price of $0.0825 exercisable between November 15, 2015 and March 31st 2016 after which they shall expire. The private placement involve certain related parties and constitutes a related party transaction. Mobi724 is relying on the exemptions provided in sections 5.5 (a) and 5.7 (1) (a) of Regulation 61-101 Respecting Protection of Minority Security Holders in Special Transactions. |
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| Source:http://www.marketwired.com/mw/release.do?id=2038418&sourceType=3 |
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