Marble Financial closes non-brokered private placement

Marble Financial Inc (CSE:MRBL) (OTCMKTS:MRBLF) (FRA:2V0) said it has closed a non-brokered private placement, issuing around 2.3 million units at a price of $0.30 each, for gross proceeds of $700,000. 

The financial technology company said each unit is comprised of one common company share and one-half of one non-transferable warrant, with each whole warrant being exercisable to purchase a further share at a price of $0.45 for a period of 12 months following the closing date, subject to accelerated expiry if the common shares of the company trade or close at a price of $0.55 or more for 10 consecutive trading days on the Canadian Securities Exchange (CSE). 

READ: Marble Financial launches its AI-driven financial wellness platform MyMarble with Canada Finances

Marble added that pursuant to the closing of the placement, one of its directors has purchased 200,000 units.

The company owns the MyMarble platform, which used machine learning, data science, and artificial intelligence to help Canadian users better understand and manage their current cash flow and credit.

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Story by ProactiveInvestors