Sign up Australia
Proactive Investors - Run By Investors For Investors

Midpoint Holdings completes second tranche of fund-raising

The funds will augment the company's working capital
The Midpoint exchange matches buyers and sellers of currencies
Midpoint boss David Wong subscribed for 1mln units

Peer-to-peer foreign exchange trading platform pioneer Midpoint Holdings Ltd (CVE:MPT) has closed the second tranche of its previously announced private placement.

The company issued 1.27mln units at a price of 10 cents per unit, raising C$127,000 in the process, which will augment the company's working capital.

Each Unit is comprised of one common share half of a purchase warrant. A whole warrant entitles the holder to buy one Midpoint common Share for 20 cents, subject to certain conditions.

The common shares and the warrants comprising the units issued in connection with the completion of the first tranche of the offering are subject to a hold period of four months and a day.  

View full MPT profile View Profile

Midpoint Holdings Ltd Timeline

August 11 2016

Related Articles

December 09 2017
The bond is aimed at retail investors who want a part of their portfolio in a ‘safe, bedrock investment’

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use