pcNewsWire – NetCents Technology Inc. (CSE: NC) intends to close a non-brokered private placement of up to 2,000,000 units at $0.35 per unit for gross proceeds of $700,000.
The proceeds are for the company’s general working capital.
News Release
NetCents Announces Financing
NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES./
VANCOUVER, June 7, 2017 /CNW/ – NetCents Technology Inc. (“NetCents” or the “Company”) (CSE: NC) is pleased to announce a non-brokered private placement (the “Private Placement”) for up to 2,000,000 Units (“Units”) at a price of $0.35 per Unit to raise total proceeds of $700,000. Each Unit will be comprised of one common share of the Company (a “Share”) and one-half of one common share purchase warrant of the Company (“Warrant”). Each whole Warrant will be exercisable into a common share of the Company (a “Warrant Share”) at an exercise price of CDN$0.50 with a one-year expiry. All securities sold in this private placement will be subject to a 4-month hold period from closing.
Finder’s fees or commissions may be payable by the Company in connection with this Private Placement. The Company may complete multiple closings of the private placement, as subscriptions are received. The Company may increase the size of the offering in its discretion.
The proceeds of this private placement are for the Company’s general working capital.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available
About NetCents
NetCents is a next generation online payments processing platform, offering consumers and merchants online services for managing electronic payments. The Company is focused on capturing the migration from cash to digital currency by utilizing innovative Blockchain Technology to provide payment solutions that are simple to use, secure and worry free. NetCents works with its financial partners, mobile operators, exchanges, etc., to streamline the user experience of transacting online. NetCents Technology is integrated into the Automated Clearing House (“ACH”) and is registered as a Money Services Business (MSB) with FINTRAC, which ensures our consumer’s security and privacy. NetCents is available for deposits from 194 Countries around the World, providing you with the freedom to choose to Pay. Your Way.™
On Behalf of the Board of Directors
NetCents Technology Inc.
“Clayton Moore”
Clayton Moore, CEO, Founder and Director
NetCents Technology Inc.
Suite 1500, 885 West Georgia Street
Vancouver, British Columbia V6C 3E8
