This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Freeport Capital Inc. (CNSX: FAS) Announces The Closing Of Private Placements For An Aggregate Total Of $4,017,542.40

MONTREAL, April 10, 2013 /PRNewswire/ - Freeport Capital Inc. (the "Company") a leader on Mobile Credit and PIN Debit payment solutions, announces that on March 28 th and April 5 th, 2013, it has successfully closed the second and third tranche of the private placement previously announced on March 5, 2013 and re-announced on March 27, 2013. The final tranche completes the private placements. Pursuant to the aforesaid private placements, 4,463,936 common shares of the Company were issued at an issue price of $ 0.90 per common share for aggregate gross proceeds of $4,017,542.40. The Company also issued 3,347,952 common share purchase warrants at an exercise price of $1.25 each expiring September 28, 2014 and October 5, 2014 respectively. The combined aggregate gross proceeds received to date from the first tranche ( March 11 th, 2013), second tranche ( March 28 th, 2013) and third final tranche ( April 5 th, 2013) private placements amount to $4,869,044.60 for a total issuance of 5,410,050 common shares and 4,057,538 common share purchase warrants. The net proceeds from the private placement will be used to fund the expansion of the business in the Asia Pacific regions and Latin America as well as for working capital purposes. As a result of the foregoing private placement, the Company now has a total of 33,639,093 common shares issued and outstanding.

In connection with the second and third tranche private placement, Freeport paid to Capital CCFL s.e.n.c. (, an Exempt Market Dealer, a finder's fee in the amount of $111,429.64. Capital CCFL s.e.n.c. also received 123,810 broker warrants at an exercise price of $1.25 expiring 5 years from issuance and 59,825 broker warrants at an exercise price of $1.25 expiring 18 months from issuance.

About Freeport Capital Inc.

Freeport Capital Inc. (CNSX: FAS) develops an Enterprise Ready Mobile Payment Platform for the leading OS's (IOS, Android, BB and Windows 7). The Corporations holding First Equity Strategy LLC markets itself with the DBA: HybridPay Tech.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs