Mr. Greg Feller reports
MOGO ANNOUNCES APPROVAL FOR LISTING ON THE NASDAQ CAPITAL MARKET UNDER THE SYMBOL "MOGO"
Mogo Finance Technology Inc. has received approval from the Nasdaq Capital Market to list its common shares on the Nasdaq.
Mogo's common shares are expected to commence trading on the Nasdaq at the opening of trading on April 18, 2018, under the trading symbol MOGO.
Greg Feller, Mogo's president and chief financial officer, commented: "Listing on Nasdaq represents a significant milestone in the evolution of Mogo as we continue progressing toward our goal of becoming the go-to financial app for the next-generation of Canadians. We believe the listing will provide Mogo with increased visibility with prospective U.S. investors, improved liquidity and a more diversified shareholder base as we continue to grow our over 500,000 members and expand our suite of six innovative products, all available through our award-winning mobile app."
Mogo also announces the filing of a preliminary short-form base shelf prospectus in each of the provinces and territories of Canada, except Quebec, and a corresponding shelf registration statement on Form F-10 with the United States Securities and Exchange Commission under the United States-Canada multijurisdictional disclosure system. The company has filed this prospectus to maintain financial flexibility but has no immediate intentions to undertake an offering.
These filings, when made final and effective, will enable Mogo to make offerings of common shares and debt securities of up to an aggregate initial offering price of $50-million at any time during the 25-month period that the prospectus remains effective (subject to MJDS eligibility).
The registration statement has been filed with the SEC, but is not yet effective. Securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. Copies of the prospectus and the registration statement are available on SEDAR and on the SEC website, respectively.
About Mogo Finance Technology Inc.
Mogo -- a Vancouver-based financial technology company -- is focused on building the leading digital financial platform in Canada and empowering consumers with simple solutions to help them improve their financial health. Built mobile first, users can sign up for a free MogoAccount in only three minutes and get access to five products, including free credit score monitoring, identity fraud protection, the Mogo platinum prepaid Visa card, mortgages and personal loans. The platform is engineered to deliver multiple financial products at scale through one account and enable the rapid launch of new features and products, including the company's recently announced MogoCrypto account, which is expected to launch in 2018. With more than 500,000 members and growing, Mogo continues to execute on its vision of becoming the leading financial brand and platform for the next generation of Canadians.
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