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Midpoint completes second tranche of private placement

The second tranche raised gross proceeds of US$61,550.
Total aggregate gross proceeds amounts to US$250,000.

Foreign exchange payments platform, Midpoint Holdings Ltd (CVE:MPT) has completed the second tranche of its non-brokered private placement.

The tranche consists of units at a subscription price of five cents and has raised gross proceeds of US$61,550, pursuant to which the company has now issued an aggregate of 1,231,000 units.

Each unit is composed of one common share and one-half of one common share purchase warrant in the capital of the company.

The total aggregate gross proceeds raised from the first and second tranches amounts to US$250,000.

Midpoint said the proceeds will be used for the company's general corporate and working capital purposes.

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