October 26, 2017
Mr. Corbin Comishin reports
MIDPOINT CLOSES FULLY SUBSCRIBED FOR PRIVATE PLACEMENT LED BY NUMUS CAPITAL AND POWERONE CAPITAL
Midpoint Holdings Ltd. has closed its previously announced non-brokered private placement, raising gross proceeds to treasury of $1.2-million through the issuance of 16 million common shares of the company at a price of 7.5 cents per common share.
The private placement was led by Halifax-based Numus Capital Corp. and included Toronto-based PowerOne Capital Markets Ltd. as part of the agency group. In conjunction with the completion of the private placement, Midpoint has now issued an aggregate of 956,783 common shares to the agents, representing 7 per cent of the gross proceeds raised by the agents under the private placement.
“We would like to thank Numus Capital and PowerOne Capital for their support and efficiency through the prompt completion of this private placement”, said David Wong, president and chief executive officer of Midpoint.
The common shares are subject to a hold period of four months and a day from the date of closing. The proceeds of the private placement will be used for the company’s general corporate and working capital purposes.
About Midpoint Holdings Ltd.
Headquartered in London, Midpoint is an FCA authorized payments institution with the world’s first authentic peer-to-peer (P2P) foreign exchange marketplace.
Midpoint is currently handling transactions in 22 currencies with the ability to collect and transfer across 72 countries.
We seek Safe Harbor.