Midpoint Announces Closing of Private Placement
(firmenpresse) -
London, UK (March 24, 2021) - Midpoint Holdings Ltd. (TSXV: MPT) (Midpoint or the Company) is pleased to announce the closing of its previously announced (on February 19, 2021) private placement for $3,000,000 (the Private Placement), pursuant to which the Company has now issued an aggregate of 12,000,000 units of the Company (each, a Unit), at a subscription price of $0.25 per Unit, with each Unit being comprised of one common share (each a Common Share) and one-half of one non-transferable common share purchase warrant (each, a Warrant) in the capital of the Company, and with each whole Warrant now entitling the holder thereof to purchase one additional common share of the Company (each, a Warrant Share) for a period of two years from closing at an exercise price of $0.35 per Warrant Share.
The Common Shares now issued as part of the Units, together with Warrant Shares issuable upon the exercise of any of the Warrants, are now subject to a hold period of four months and a day from the date of closing in each instance.
The proceeds of the proposed Private Placement will be used for the Companys general corporate and working capital purposes.
About Midpoint
Headquartered in London, UK, Midpoint is an FCA authorized payments institutions specializing in cross-border payments and foreign exchange. SMEs, overseas professionals, property owners, foreign students, individuals, and anyone involved in international payments use Midpoints US patent-protected platform for transparent, multi-party, multi-currency services.
Midpoint currently handles transactions in 24 currencies with the ability to collect and transfer across over 200 countries. This highly secure platform provides customers with the most cost-effective FX at the midpoint of the interbank buy/sell rate, therefore removing the spread as well as hidden costs and fees.
Midpoint Holdings Limited is listed on the TSX Venture Exchange and cross-listed on the Frankfurt Stock Exchange.
For information on Midpoint, please visit: https://www.midpoint.com.
For further information please contact:
Corbin Comishin, CFO
Midpoint Holdings Limited,
505 Kootenay Street, Nelson,
British Columbia V1L 1K9, Canada
Tel: 001 250 352 7667
David Wong, President and CEO
22-25 Portman Close, Marylebone,
London W1H 6BS, United Kingdom
Tel: 0044 20 7448 3082
Email: info(at)midpoint.com
Neither the TSX Venture Exchange (the TSXV) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this news release.
Forward-looking information
This news release contains certain forward-looking information within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as plan, expect, project, intend, believe, anticipate, estimate, may, will, would, potential, proposed and other similar words, or statements that certain events or conditions may or will occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing Midpoint and its business and affairs, readers should refer to Midpoints Managements Discussion and Analysis. Midpoint undertakes no obligation to update forward-looking information if circumstances or managements estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.
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Datum: 07.04.2021 - 13:11 Uhr
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