Mobi724 Closes a $845,000 Private Placement & Accepts a Conditional Loan Offer of up to $2,300,000 from the Government of Quebec via Investissement Quebec
Each Unit is comprised of one common share of the Company (a "Common Share") and a three-quarters Common Share purchase warrant of the Company (a "Warrant").
- Each Unit is comprised of one common share of the Company (a "Common Share") and a three-quarters Common Share purchase warrant of the Company (a "Warrant").
- The proceeds from the sale of Units will be added to working capital in furtherance of the Company's business.
- The two subsequent tranches are to be disbursed by December 31, 2021 subject to compliance with the conditions set out in the Loan Offer.
- This news release does not constitute a solicitation to buy or sell any securities in the United States.