(Before It's News)
Foreign exchange payments specialist Midpoint Holdings Ltd (CVE:MPT) has issued 1.6mln shares in the capital of the company to a certain creditor to settle a total of C$80,000 in debt.
All of the shares are subject to a statutory hold period expiring on May 13, 2017, in accordance with applicable securities legislation.
The development comes after arranging a non-brokered private placement for up to an aggregate of C$500,000, issuing up to an aggregate of 10mln units in the company in December.
Read: Midpoint Holdings arranges C$500,000 private placement Story by ProactiveInvestors