Mobi724 Global Solutions - Settlement of Pending Litigation and Debt Forgiveness
2018年12月6日 - 6:45AM
MOBI724 Global Solutions Inc. (“MOBI724” or the
“Company”) (TSX-V:MOS) (OTCQB:MOBIF), a global Fintech company
offering a fully integrated suite of multiple Card-Linked Offers
and Rewards (“CLO&R”), Digital Marketing and Business
Intelligence (“DMBI”) and Payment Solutions (“Payment”) announces
that it has arrived at an out-of-court settlement with Mr. Nick
Chine (“Chine”) in relation to a lawsuit the latter filed against
the Company in 2015 for unpaid commissions allegedly owed to him
(“Litigation”). Without any admission of liability, pursuant to the
settlement of the Litigation, the Company has agreed to pay Chine
unpaid commissions of $55,000 in common shares of the Company
(“Common Shares”) at a conversion price equivalent to $0.07. The
issuance of 785,714 Common Shares is conditional upon the the
approval of the TSX Venture Exchange (the “Exchange”).
Conversion of Debt to Equity:
The Company also agreed to convert an amount of
$50,000, as debt forgiveness related to unpaid bonuses of $25,000
respectively owed to both a former employee and a former consultant
of I.Q. 7/24 Inc., at a price per Common Share of $0.07 The
issuance of 714,286 Common Shares is subject to the conditional
approval of the Exchange.
About Mobi724 Global Solutions
Inc.
“We enable smart transactions anywhere.”
MOBI724, a global Fintech company, offers a
fully integrated suite of multiple Card-Linked Offers and Rewards,
Digital Marketing and Business Intelligence and Payment Solutions
(including a mobile EMV compliant payment platform), which work
with any payment card, on any mobile device and at any Point of
Sale. MOBI724 provides turnkey solutions for card associations,
card issuers, banks, retailers, manufacturers, offer providers, to
create, manage, deliver and track and measure incentive campaigns
worldwide in real time. The company captures value from big data to
deliver seamless and personalized user experiences for the benefits
of all parties in the ecosystem. MOBI724 headquarters are in
Montreal, Canada, and the company presently has operations in North
and Latin America, the Caribbean and Asia Pacific.
Legal Disclaimer
Certain statements in this document, including
those which express management expectations or estimations with
regard to the Company’s future performance, constitute
“forward-looking statements” as understood by applicable securities
laws. Forward-looking statements are, of necessity, based on a
certain number of estimates and hypotheses; while management
considers these to be accurate at the time they are expressed, they
are inherently subject to significant uncertainties and risks on
the commercial, economic and competitive levels. We advise readers
that these forward-looking statements are subject to risks,
uncertainties, and other known and unknown factors that may cause
the actual results, performance or achievements of the Company to
be materially different from any future results, performance or
achievements expressed or implied in these forward-looking
statements. Investors are advised to not rely unduly on the
forward-looking statements. This advisory applies to all
forward-looking statements, whether expressed orally or in writing,
attributed to the Company or to any individual expressing them in
the name of the Company. Unless required by law, the Company is
under no obligation to publicly update these forward-looking
statements, whether to reflect new information, future events, or
other circumstances.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release does not constitute a
solicitation to buy or sell any securities in the United
States.
For further information, please visit www.MOBI724.com or
contact:
Investor Relations:
Mr. George AizpuruaVice-President, CommunicationsFirst Canadian
Capital Corp.T: 647-500-2389/416-742-5600; E:
gaizpurua@firstcanadiancapital.com
Ms. Rachel Girard, CPA, CAChief Financial OfficerMOBI724 Global
Solutions Inc.T: 514-394-5200; E: IR@mobi724.com
Mobi724 Global Solutions (TSXV:MOS)
過去 株価チャート
から 1 2025 まで 2 2025
Mobi724 Global Solutions (TSXV:MOS)
過去 株価チャート
から 2 2024 まで 2 2025