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Published on 12/1/2015 in the Prospect News PIPE Daily.

Monaker Group sells $250,000 of equity units via private placement

Company sells 100,000 units of one common share and one full warrant

By Devika Patel

Knoxville, Tenn., Nov. 9 – Monaker Group, Inc. settled a $250,000 private placement of units with Donald P. Monaco Insurance Trust on Nov. 25, according to an 8-K filed Tuesday with the Securities and Exchange Commission.

The company sold 100,000 units of one common share and a warrant at $2.50 per unit.

Each warrant is exercisable at $1.50 until Nov. 24, 2016. The strike price reflects a 59.46% discount to the Nov. 24 closing share price of $3.70.

Proceeds will be used for working capital and general corporate purposes.

The Weston, Fla., company provides digital media and marketing services.

Issuer:Monaker Group, Inc.
Issue:Units of one common share and a warrant
Amount:$250,000
Units:100,000
Price:$2.50
Warrants:One warrant per unit
Warrant expiration:Nov. 24, 2016
Warrant strike price:$1.50
Investor:Donald P. Monaco Insurance Trust
Settlement date:Nov. 25
Stock symbol:OTCBB: MKGI
Stock price:$3.70 at close Nov. 24
Market capitalization:$7.15 million

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