MONTREAL, Dec. 06, 2017 (GLOBE NEWSWIRE) — MOBI724 Global Solutions Inc. (“MOBI724” or the “Company”) (CSE:MOS) (OTC QB:MOBIF), a Fintech leader offering all in one fully integrated EMV payment, Card-Linked Offers, Digital Marketing and Business Intelligence Solutions, announces a warrant exercise incentive program (the “Program”) designed to encourage the exercise of 4,710,331 outstanding and unlisted warrants (the “Warrants”) that were issued to certain persons on January 27, 2017 (the “Warrant Holders”) at a price of $0.20.
Pursuant to the Program, as an inducement to exercise the Warrants, the Corporation is offering the Warrant Holders the possibility to subscribe to additional warrants. For each Warrant exercised on or prior to December 15, 2017 by a Warrant Holder, the latter shall be granted the right to subscribe to additional warrants exercisable at a price of $0.35 which shall expire on April 21, 2019 (“New Warrants”). The New Warrants will be subject to a forced conversion by the Company if, at any time prior to April 21, 2019, the common shares of the Company trade at a price equal to, or greater than, $0.46 for at least ten (10) consecutive trading days.
The Program expires on December 15, 2017 at 17h00 Eastern time, and any Warrant not exercised on prior to the aforesaid date shall expire.
If all of the Warrants are exercised the gross proceeds to the Company represents $942,066.20. The terms and conditions of the Program, including the method of exercising the Warrants, shall be set forth in a letter which will be delivered to the registered address/email address of each Warrant Holder prior to December 07, 2017.
About Mobi724 Global Solutions
“We enable smart transactions anywhere”
MOBI724, a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment, digital marketing and business intelligence solutions with a combined EMV Payment, Card Linked Offers, Digital Marketing & Business Intelligence platform that works on any card and any mobile device. MOBI724’s solutions add value to all types of transactions benefiting banks, retailers and cardholders by leveraging available user and purchasing data to increase transaction volumes and spend. MOBI724 provides a turnkey solution to its clients to capture card transactions on any mobile device, at any point of sale or from any payment card. MOBI724 provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and “track and measure” incentive campaigns worldwide to any mobile device and allow its redemption at any point of sales.
Certain statements in this document, including those which express management’s expectations or estimations with regard to the Company’s future performance, constitute “forward-looking statements” as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.
For further information, please visit MOBI724.com or contact:
Marcel Vienneau CEO
1-514-394-5200 x 413
Mr. Andreas Curkovic
Proconsul Capital Ltd.