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