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Mobi724 Global Solutions (TSXV:MOS) closes private placement

Technology
TSXV:MOS
12 August 2022 09:15 (EDT)

Source: MOBI724 Global Solutions Inc.

Mobi724 Global Solutions (MOS) has closed its previously announced non-brokered private placement financing for gross proceeds of $500,000.

The company issued 20,000,000 units for $0.025 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one additional share for a period of 5 years.

The proceeds from the offering will be added to working capital.

All shares issued are subject to a statutory four-month hold period.

Mobi724 Global Solutions is an AI-powered fintech company which provides a platform that enables banks and merchants to offer their customers real-time payment card-linked incentives, in a white-label format.

Mobi724 Global Solutions Inc. (MOS) opened trading at C$0.015. 


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