logo-loader
ResearchFinance
viewMidpoint Holdings Ltd

Midpoint Holdings - Capital Network: Capitalisation Update Report

New Investment into Midpoint, Significant Increase in Subscription Price.
 
Midpoint Holdings Ltd (CVE: MPT), has announced a significant new share offering to raise up to S1.2m CAD through a non-brokered private placement of 16,000,000 Common Shares at $ 0.075 CAD. The investment will be led by Halifax (Canada) based Numus Capital Corp. and PowerOne Capital Group of Toronto. Upon announcement, Midpoint Holdings Ltd (CVE: MPT), shares jumped 62.50% and was TSX.V top gainer at the closed of market yesterday. Midpoint will pay an arm's length finder's fee comprised of Common Shares equal to 7% of funds related to investments in Midpoint Holdings Ltd (CVE: MPT), and no broker warrants.

Executive summary

The issuance of 16,000,000 new Common Shares will have a dilutive impact, albeit with the compensation to existing investors of a positive effect on share value. We expect common share dilution of c. 18.5% on an outstanding number of shares prior to this offering of 86,649,859.

Quick facts: Midpoint Holdings Ltd

Price: 0.035 CAD

TSX-V:MPT
Market: TSX-V
Market Cap: $3.64 m
Follow

What's in the report?

Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

LEGAL NOTICE – IMPORTANT – PLEASE READ:

Proactive Research is a trading name of Proactive Investors Limited which is regulated and authorised by the Financial Conduct Authority (FCA) under firm registration...

FOR OUR FULL DISCLAIMER CLICK HERE

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

Watch

Eden Enterprises sees solution to Vape controversy in United States

Eden Enterprises CEO Shareef El-Sissi sat down with Steve Darling from Proactive Vancouver at the MJ Micro Conference to talk about the rich history the company has with their Garden of Eden. El-Sissi talked about their plans for expansion and also the development of their flagship...

3 hours, 28 minutes ago

2 min read