MONTREAL, June 21, 2012 /CNW Telbec/ - Freeport Capital Inc., (the "Corporation" or "Freeport"), (CNSX: FAS) is pleased to announce that it has raised $1.2mm in capital at a price of $0.60 with a ¾ purchase Warrant attached to each common share at an exercise price $1.25 good for 18 months. The $1.2mm will be invested into the Corporation over a 12 month period or sooner by the investor with an initial deposit of $120k and the remaining payments disbursed over the course of 14 months equally.
President Mr. Michele Tasillo stated "We are very excited to have secured an important commitment at this stage of the corporation's growth. This funding gives us the secured capital for daily operations, hiring of expert personnel and manoeuvrability to acquire needed equipment to manage and grow our Data-Center. The next 12 months are crucial as we commercialize and deploy our products and services globally, we can be assured our cash-flow is available to meet current and future needs."
About Freeport Capital Inc.
First Equity Strategy LLC (DBA; Hybrid Paytech is a subsidiary of Freeport Capital Inc. Based in Montreal, Canada; Hybrid Paytech is a technology leader in the mobile payment space for credit and debit acceptance. With a global footprint, Hybrid Paytech is an enabler of easily deployable payment systems focusing on authentication, approved security and quick merchant adoption in fleet, delivery, logistics and retail.For further information on Hybrid PayTech, please visit www.hybridpaytech.com and click on our corporate video presentation http://www.youtube.com/watch?v=XvZHrck2eag&feature=youtu.be The Canadian National Stock Exchange (CNSX) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States. SOURCE FREEPORT CAPITAL INC.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV