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Midpoint closes first tranche of placing, raising $152,000

Each warrant entitles the holder to buy one share for 24 months at an exercise price of 20 cents per share.
Midpoint closes first tranche of placing, raising $152,000
Midpoint is an FCA-authorized payment institution with the world's first peer-to-peer (P2P) foreign exchange marketplace

Foreign exchange platform operator Midpoint Holdings Ltd (CVE:MPT) told investors it had closed the first tranche of its previously announced placing, bringing in $152,000.

It has now issued 3.04mln units at five cents a thow.

Each unit consists of one share and one-half of a share purchase warrant.

Each warrant entitles the holder to buy one share for 24 months at an exercise price of 20 cents per warrant common share.

Midpoint said it will be proceeding with the next tranche of the offering and anticipates closing the remaining tranche in coming weeks.

Midpoint is an FCA-authorized payment institution with the world's first  peer-to-peer (P2P) foreign exchange marketplace.

It is used by SMEs (micro, small- and medium-sized enterprises), overseas professionals, property owners, foreign students and individuals.

It is currently handling transactions in 22 currencies with the ability to collect and transfer across 72 countries. 

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