Deal sells 1.05 million shares at $0.50 per share, a 62.69% discount
By Devika Patel
Knoxville, Tenn., Jan. 28 - Mobetize Corp. raised $525,000 in a private placement of stock on Oct. 7, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 1.05 million common shares at $0.50 per share. The price per share is a 62.69% discount to the Jan. 27 closing share price of $1.34.
Based in Blaine, Wash., Mobetize offers mobile commerce, mobile payments and banking services for alternative financial companies, telecom operators, merchants and banks. The company has mobile and online products for remittance, airtime recharge, payments and billing.
Issuer: | Mobetize Corp.
|
Issue: | Common stock
|
Amount: | $525,000
|
Shares: | 1.05 million
|
Price: | $0.50
|
Warrants: | No
|
Announcement date: | Jan. 28
|
Settlement date: | Oct. 7
|
Stock symbol: | OTCBB: MPAY
|
Stock price: | $1.34 at close Jan. 27
|
Market capitalization: | $36.11 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.