Mobi724 Global Solutions announces $5M bought deal

Montreal (pcJ News Briefs) – Mobi724 Global Solutions Inc. (CSE: MOS) has retained GMP Securities L.P. for a bought deal private placement offering of special warrants $0.35 per warrant for gross proceeds of approximately $5 million.

Each special warrant will entitle the holder thereof to receive and without payment of additional consideration, one unit consisting of one common share and one-half of one common share purchase warrant. Each whole warrant shall be exercisable into one common share at an exercise price of $0.46 per hare for a period of two years from the date of issue, subject to accelerated expiry.

Mobi724 Global Solutions intends to use the net proceeds for general corporate purposes.

Mobi724 offers a unique and fully integrated suite of payment & digital marketing solutions with a combined EMV Payment, Card Linked Offers, and Digital Marketing platform that works on any card and any mobile device. Mobi724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend.

photo credit: Mobi724 Global Solutions