Source: Clip Money.
  • 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.


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