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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.  

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Midpoint Holdings Ltd Timeline

Newswire
August 11 2016

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