- Marble Financial (MRBL) has announced its intention to conduct a non-brokered private placement
- The proposed offering will involve up to 28,571,429 units of the company offered at a price of $0.07 per unit for aggregate gross proceeds of up to $2,000,000
- The company has received commitments for a first tranche closing of an aggregate of 19,586,439 units at a price of $0.07 per unit for an aggregate subscription amount of $1,371,051
- Marble Financial Inc. is a leading provider of software-as-a-service (SaaS) solutions
- Marble Financial Inc. opened trading at $0.09 per share
Marble Financial (MRBL) has announced its intention to conduct a non-brokered private placement.
The proposed offering will involve up to 28,571,429 units of the company offered at a price of $0.07 per unit for aggregate gross proceeds of up to $2,000,000.
Each unit will be made up of one common share of the company and one-half common share purchase warrant.
Each full warrant will entitle the holder to acquire one common share at a price of $0.11 per common share for a period of 24 months from the closing date of the proposed offering.
The units (including the underlying securities) will be subject to a hold period of four months plus one day following the closing of the proposed offering.
The proposed offering will be closed in multiple tranches.
The company has received commitments for a first tranche closing of an aggregate of 19,586,439 units at a price of $0.07 per unit for an aggregate subscription amount of $1,371,051.
The company intends to use any net cash proceeds from the proposed offering for general working capital and corporate purposes.
In connection with the first tranche, an aggregate of $542,167 will be settled through the exchange of currently outstanding convertible debentures plus interest thereon, of which $325,300 is held by insiders.
In total, insiders of the company will subscribe for an aggregate of $760,321 (10,861,728 units), representing approximately 55 per cent of the total number of units issued under the first tranche.
Marble Financial Inc. is a leading provider of software-as-a-service (SaaS) solutions that empower businesses to acquire, monitor and rehabilitate consumers using data-driven technology – enabling smarter marketing ROI for partners seeking increased conversion rates.
Marble Financial Inc. opened trading at $0.09 per share.