- Clip Money (CLIP) has closed the final tranche of a non-brokered private placement for gross proceeds of C$3,783,778.65
- Under the final tranche, the company issued 3,883,760 units at a price of C$0.45 per unit for gross proceeds of C$1,747,692
- Under the offering, the company issued a total of 8,408,397 units
- Clip Money (CLIP) is a Fintech company providing secure cash deposits to small businesses
- Clip Money (CLIP) opened trading at $0.45
Clip Money (CLIP) has closed the final tranche of a non-brokered private placement for gross proceeds of US$2,831,745.73 (C$3,783,778.65).
Under the second and final tranche of the previously announced offering, the company issued 3,883,760 units at a price of C$0.45 per unit for gross proceeds of C$1,747,692.
Together with the closing of the first tranche, the company issued a total of 8,408,397 units. Each unit consisted of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share for a period of 36 months.
Warrants are subject to an acceleration clause.
Finder’s fees totalling C$30,712.50 and 68,250 non-transferable warrants were issued.
All securities issued are subject to a statutory four-month hold period.
Net proceeds will be used for network expansion and customer acquisition, new unit capital expenditures, business operations and technology and general corporate purposes.
Clip Money (CLIP) is a Fintech company providing secure cash deposits to small businesses.
Clip Money Inc. (CLIP) opened trading at $0.45.
