Mr. Clayton Moore reports
NETCENTS TECHNOLOGY ANNOUNCES CLOSING OF A NON-BROKERED PRIVATE PLACEMENT
NetCents Technology Inc. has closed a non-brokered private placement financing of 500,000 units of the company at a price of 45 cents per unit, with each unit comprising one common share of the company one common share purchase warrant, for total gross proceeds of $225,000. Each warrant is exercisable for one additional common share of the company at an exercise price of 55 cents per warrant share for a period of five years.
The common shares and warrants issued under the financing, and the warrant shares issuable upon exercise of the warrants, are subject to a hold period that expires on Jan. 25, 2020.
The proceeds of the financing are for the company's general working capital. In connection with the offering, the company may pay finders' fees.
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 cryptomarket.
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