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NetCents Technology Inc
Symbol NC
Shares Issued 47,854,748
Close 2019-07-02 C$ 0.59
Recent Sedar Documents

NetCents closes $2.5-million private placement

2019-07-03 09:56 ET - News Release

Mr. Clayton Moore reports

NETCENTS TECHNOLOGY ANNOUNCES IT HAS CLOSED THE NON-BROKERED PRIVATE PLACEMENT AND APPOINTS INVESTOR RELATIONS MANAGER

NetCents Technology Inc., due to overwhelming response, has closed its non-brokered private placement in full. The company has appointed Sonja Bakgaard as investor relations manager.

The company will issue 4,166,667 units for gross proceeds of $2.5-million. Each unit comprises one common share of the company and one share purchase warrant, priced at 70 cents, with a three-year term. No commissions were paid in conjunction with this private placement.

The proceeds of the private placement are for the company's general working capital.

Ms. Bakgaard brings over 10 years of experience working with both publicly held and private corporations, from start-ups to large organizations in various industries, including blockchain, natural resources, finance and energy.

Throughout her career, Ms. Bakgaard has been responsible for developing and driving investor relations, capital raises, project management and business development, as well as developing and managing relationships with public analysts, institutional fund managers, retail brokers and high net worth investors.

"It is with great pleasure that I have accepted to join the NetCents team as the investor relations manager. I look forward to growing with NetCents, a company that is leading the way in cryptocurrency payments," stated Ms. Bakgaard.

About NetCents Technology Inc.

NetCents, the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market. NetCents is registered as a money services business (MSB) with FINTRAC.

We seek Safe Harbor.

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