Marble Financial Completes $2 Million Private Placement and Appoints New CFO
Vancouver, BC -- December 29, 2020 -- NewsGenie -- Marble Financial Inc. (CSE:MRBL) has successfully closed its oversubscribed $2 million non-brokered private placement. The final closing involved issuing 8,433,335 units at $0.15 each, generating gross proceeds of $1,265,000.
Each unit includes one common share and a half warrant, with a full warrant allowing the purchase of another share at $0.25 within 24 months, subject to accelerated expiry under certain trading conditions. The company also announced finder's fees of $6,300 and 303,333 units, along with 303,333 finder warrants with terms matching the original warrants.
All securities issued are subject to a hold period expiring April 24, 2021. In addition, Marble Financial has reorganized its finance department, appointing Natasha Tsai, CPA, CA, as Chief Financial Officer. Tsai, a Managing Director with Malaspina Consultants Inc., replaces Alastair Brownlow and Adah Teotico, who have resigned.
The company's board has approved incentive stock options for directors, management, and consultants to purchase up to 300,000 common shares at $0.23 each, vesting over four years.
Marble Financial, led by CEO Karim Nanji, utilizes data-driven strategies and AI to empower Canadians toward financial wellbeing. They offer proprietary technology solutions like Fast-Track, Score-Up, and Credit-Meds.
For more information, visit http://mymarble.ca.