- Euro Asia Pay Holdings (EAP) has closed the first tranche of its non-brokered private placement for gross proceeds of $575,282
- The company issued 2,301,128 units at a price of $0.25 per unit
- EAP also successfully converted an aggregate of $754,049 in outstanding debt into 3,016,196 units
- The company expects to close a second tranche of the offering in the coming days
- Euro Asia Pay Holdings is a developer of innovative financial solutions for the next generation of consumers
- Euro Asia Pay Holdings Inc. (EAP) opened trading at C$0.35 per share
Euro Asia Pay Holdings (EAP) has closed the first tranche of its non-brokered private placement for gross proceeds of $575,282.
The company issued 2,301,128 units at a price of $0.25 per unit. Each unit consisted of one common share and one share purchase warrant. Each warrant is exercisable into one common share at a price of $0.45 per share for a period of 24 months.
EAP also successfully converted an aggregate of $754,049 in outstanding debt into 3,016,196 units.
EAP expects to use the proceeds from the offering to fund the continued development and marketing of its projects and for general corporate purposes.
The company expects to close a second tranche of the offering in the coming days.
Euro Asia Pay Holdings is a developer of innovative financial solutions for the next generation of consumers. Its first product, SideKickā¢, enables parents to transfer, control and monitor payments to their children in a simple, intuitive manner. The product includes a student-facing mobile application, a prepaid student payment card and a parent portal.
Euro Asia Pay Holdings Inc. (EAP) opened trading at C$0.35 per share.
