MOBI724 Global Solutions Inc. Issues Shares, Warrants and Options
Summary
MONTREAL, Dec. 20, 2017 (GLOBE NEWSWIRE) -- MOBI724 Global Solutions Inc. ("MOBI724" or the "Company") (CSE:MOS) (OTCQB:MOBIF), a Fintech leader offering all in one fully integrated EMV payment, Card-Linked Offers, Digital Marketing and Business Intelligence Solutions, announces that it has issued an aggregate of 1,097,725 common Shares at a price of $0.20 as debt forgiveness related to unpaid salary owed to Mr. Johnny Hawa, a senior officer of the Company.The participation by the Related Parties in the debt settlement, as applicable, was approved by directors of the Company who are independent in connection with such transactions.MOBI724, a leader in the Fintech industry based in Montreal (Canada), offers a unique and fully integrated suite of payment, digital marketing and business intelligence solutions with a combined EMV Payment, Card Linked Offers, Digital Marketing & Business Intelligence platform that works on any card and any mobile device.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.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.