- Marble (MRBL) has closed the first tranche of and upsized its previously announced private placement
- In connection with the first tranche, the company issued 10,629,232 units priced at C$0.13 per unit for aggregate gross proceeds of $1,381,800
- It is upsizing the existing placement from $1.5M to gross proceeds of up to $2M
- Funds will be put toward sales and marketing of the Marble Connect business solution and expansion of the MyMarble platform
- Marble Financial’s proprietary platform empowers marginalized consumers toward a positive financial future
- Marble Financial (MRBL) closed down by 3.03 per cent trading at $0.16 per share
Marble (MRBL) has closed the first tranche of and upsized its previously announced private placement.
In connection with the first tranche, the company issued 10,629,232 units priced at C$0.13 per unit for aggregate gross proceeds of $1,381,800.
Each unit is comprised of one common share and one-half of one common share purchase warrant.
Each warrant entitles the holder to acquire one common share for $0.15 for 12 months from the closing of the first tranche.
Marble insiders purchased 19 per cent of units associated with the first tranche.
The company is upsizing the existing placement from $1.5M to gross proceeds of up to $2M through the sale of up to 15,384,615 units priced at $0.13 per unit.
It intends to use the proceeds for:
- Sales and marketing programs for Marble Connect
- Further development and launch of the Credit Beacon and Credit Meds solutions on the MyMarble platform
- Development and launch of the MyMarble mobile app
- Expansion of the MyMarble platform through existing partnership agreements in the U.S.
- General working capital and corporate purposes
Marble Financial utilizes machine learning, data science and artificial intelligence to empower marginalized consumers toward a positive financial future.
Marble Financial (MRBL) closed down by 3.03 per cent trading at $0.16 per share.
