![]() Some statements in this release may contain forward-looking information (as defined under applicable Canadian securities laws) ("forward-looking statements"). ![]() Fineqia is currently building out its alternative finance business and it currently holds a growing portfolio of blockchain, fintech and cryptocurrency technology companies worldwide.įor more information, visit ON BEHALF OF THE FINEQIA BOARD Fineqia's strategic focus has been to provide a platform and associated services to support securities issuances and manage administration of debt securities. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful.įineqia is a listed entity in Canada (CSE: FNQ), US (OTC: FNQQF) and Europe (Frankfurt: FNQA). ![]() person or person in the United States (as such terms are defined in regulations under the 1933 Act), absent an exemption from the registration requirements of the 1933 Act and applicable state laws. Accordingly, these securities may not be offered or sold in the United States or to, or for the account or benefit of, a U.S. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " 1933 Act"). The Company will rely upon exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a), respectively, with respect to the issuance of the Units to the directors and officers. The issuance of certain of the Units to directors and officers of the Company pursuant to the Offering will each be considered a "related party transaction" as defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101"). The Company may, at its option, accelerate the expiry date of the Warrants, provided that the closing price of the common shares is at or above $0.15 per share for any 20 consecutive trading day period at any time after four months and one day after the issuance of the Warrants.Īll references to dollars ($) above are to Canadian dollars (C$). Subscribers to the Offering were paid in Units consisting of one common share of the Company and one share purchase warrant (a " Warrant") exercisable for three years at a price of $0.05 per share. The Company had announced the closing of its first tranche on Aug. The fourth and final tranche comprised a total of $353,500 including gross proceeds of $68,500 and conversion of external debt of C$285,000. "Having the right people on our side helps pave the way for growth ![]() "We're more than happy to have surpassed our initial fundraising objective and exceptionally pleased to have significant and pertinent investors on board," said Fineqia CEO Bundeep Singh Rangar. Fineqia is a minority shareholder in Wave Financial, LLC. Subscribers to the Offering included the Wavemaker Genesis Master Fund Ltd, a fund managed by Wave Financial LLC, as announced at the time of the closing of the second tranche. The Offering's proceeds will be used to eliminate Company debt and improve the company's working capital. The Company had raised the ceiling of its private placement to $5 million from $4 million on Oct 12, 2022, to accommodate increased investor interest. The Company issued 482,460,590 units (the " Units") to raise gross proceeds of $4,824,605.90 in total in the private placement, along with a conversion of debt of $506,975 and payment of finder's fees worth $19,177.20. (the " Company" or " Fineqia") (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) announces the closing of its non-brokered private placement ("Offering") via its fourth and final tranche. 15, 2022 /CNW/ - Fineqia International Inc.
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