MOBI724 Global Solutions closes $553K financing

MOBI724 Global Solutions Inc. (CSE: MOS), a Fintech company offering an integrated EMV payment, card link couponing and digital marketing solution, has closed private placement of 4,608,333 units at $0.12 per unit for gross proceeds of $553,000.00.

Each unit consists of one common share and one common share purchase warrant at an exercise price of $0.20 exercisable on or before December 15, 2017.

MOBI724 Global Solutions intends to use net proceeds to support project deployments of its solution, for ongoing obligations and for working capital requirements.

Tim Wright via unsplash

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.