- Marble Financial (MRBL) has closed its non-brokered private placement for gross proceeds of $2,000,000
- In connection with the second tranche of the offering, the company issued 4,755,384 units priced at $0.13 per unit
- 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 Inc. (MRBL) is unchanged on the day, trading at C$0.15 per share at 3 pm EST
Marble Financial (MRBL) has closed its previously announced upsized non-brokered private placement for gross proceeds of $2,000,000.
In connection with the second tranche of the offering, the company issued 4,755,384 units priced at $0.13 per unit for aggregate gross proceeds of $618,200.
Each unit will include one common share and one half of one share purchase warrant. Each whole warrant will entitle the holder to acquire one common share at a price of $0.15 for a period of 12 months from the closing date.
The units will be subject to a four-month hold period.
In connection to the second tranche, insiders subscribed to approximately 9 per cent of the total number of units issued.
The company intends to use the proceeds of the placement 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 Inc. (MRBL) is unchanged on the day, trading at C$0.15 per share at 3 pm EST.