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Midpoint Holdings further extends previously announced fundraise

The peer-to-peer foreign exchange and international payments platform firm plans to issue up to 10mln units at a proposed subscription price of five cents each
Midpoint Holdings further extends previously announced fundraise
Last month, the group reported its first ever profitable quarter as it delivered its second quarter results, as well as a half-year jump in cash

Midpoint Holdings Ltd (CVE:MPT) has further extended its  previously announced planned  placing for a total of $500,000

The peer-to-peer foreign exchange and international payments platform firm plans to issue up to 10mln units at a proposed subscription price of five cents each. On February 10, the firm previously extended, for a period of 30 days, the cashcall.

The peer-to-peer foreign exchange and international payments platform company plans to issue up to an aggregate of 10mln units of the company at proposed subscription price of five cents per unit, with each unit comprising one common share and one-half of one common share purchase warrant in the capital of the company.

Last month, the group reported its first ever profitable quarter as it delivered its second quarter results, as well as a half-year jump in cash.

The peer to peer foreign exchange and international payments platform operator recorded comprehensive income of C$10,596 in the quarter ended Dec. 31, versus a comprehensive loss of C$263,911 in the same period in 2015.

It means that for the six months ended Dec 31 the comprehensive loss fell to C$171,497 versus a loss of C$582,846 in the same six months in 2015.

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