Company sells 10 million units of one share and one half-share warrant
By Devika Patel
Knoxville, Tenn., March 28 – Midpoint Holdings Ltd. said it plans a C$1 million private placement of units.
The company will sell 10 million units of one common share and one half-share warrant at C$0.10 per unit.
Each whole, two-year warrant will be exercisable at C$0.20, which is an 81.82% premium to the March 24 closing share price of C$0.11.
The Toronto-based company matches buyers and sellers of foreign currency and transfers the funds to their desired location through an intermediary third party payment provider.
| Issuer: | Midpoint Holdings Ltd.
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| Issue: | Units of one common share and one half-share warrant
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| Amount: | C$1 million
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| Units: | 10 million
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| Price: | C$0.10
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.20
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| Pricing date: | March 28
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| Stock symbol: | TSX Venture: MPT
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| Stock price: | C$0.11 at close March 24
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| Market capitalization: | C$6.95 million
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