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Midpoint issues 1.6mln shares for debt of $80,000

Foreign exchange payments specialist Midpoint Holdings has issued 1.6mln shares in the capital of the company to a certain creditor to settle a total of C$80,000 in debt
Midpoint issues 1.6mln shares for debt of $80,000
Issues 1.6mln shares following financing

Foreign exchange payments specialist Midpoint Holdings Ltd (CVE:MPT) has issued 1.6mln shares in the capital of the company to a certain creditor to settle a total of C$80,000 in debt.

All of the shares are subject to a statutory hold period expiring on May 13, 2017, in accordance with applicable securities legislation.

The development comes after arranging a non-brokered private placement for up to an aggregate of C$500,000, issuing up to an aggregate of 10mln units in the company in December.

Read: Midpoint Holdings arranges C$500,000 private placement

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