Katipult Announces Closing of $3,050,000 CAD Financing and Addition of Brian Craig to Board of Directors
(firmenpresse) - Katipult Announces Closing of $3,050,000 CAD Financing and Addition of Brian Craig to Board of Directors
Vancouver, British Columbia - May 29, 2018 - Katipult Technology Corp. (TSXV:FUND - Frankfurt: K10) (Katipult or the Company), an industry leading and award-winning fintech company, is pleased to announce it has closed its previously announced non-brokered private placement of unsecured convertible debentures for aggregate gross proceeds of C$3,050,000 (the Debentures), increased from the previously announced $3,000,000 offering.
The Debenture holders are a small group of six individual investors that includes:
Brian is a former CEO of Solium Capital Inc. (Solium), and has been instrumental in transforming Solium (TSX: SUM) into a company with over $86 million USD in 2017 revenue and continues to bring vision and guidance as a Director. Prior to joining Solium full-time, Brian founded and was President and CEO of Stormworks Ltd., a privately held e-business services company that was acquired by Solium in 2002. Brian invests in many early-stage companies, including energy and technology start-ups. Brian has gained board and audit committee experience at several public and privately held companies.
Mike Broadfoot - Mike joined Soliums board of directors in 2002, where he has been the Chairman for most of that tenure. He also served as Soliums CEO from 2011 and 2015. Mr. Broadfoots other past experience includes being CEO of Engage Energy, an energy trading and marketing company (sold in 2002). He was the founder of a predecessor company to Engage in 1994. Mike is currently a founder and principal in Jemm Properties of Calgary (commercial real estate development). Past board experience includes Medgate (now Cority, the medical records software company), Curve Dental (dental practice software), Southern Lights Ventures of NZ (bio-medical materials), and Peyto (oil and gas producer). For all of those companies, Mike was a principal shareholder and either a founder or early stage investor.
We are ecstatic to be bringing in capital at this stage in our business from this group of individuals, said Brock Murray, CEO of Katipult. Their experience is applicable to our industry, business model, and product focus.
Mr. Murray continued, I think our shareholders will appreciate the direction we went with this financing and I feel it demonstrates our confidence in our operational execution over the coming years.
Katipult also announced the appointment of Brian Craig to its Board of Directors.
I approach opportunities like Katipult as an investor first; I have been impressed with Katipults product and I am intrigued at the potential of the alternative investment market, but ultimately my investment decisions are based on people, and I have enjoyed my interactions with Brock and his management team and I am encouraged that Katipult is supported by a strong and committed Board, said Brian Craig. I am attracted to investment opportunities that have an above-average growth profile for a sustainable horizon, and Im confident if we execute at Katipult we can deliver above-average investor returns.
Marcus Shapiro, Chairman and Independent Director of Katipult, said Over the past few months, it has been my pleasure to have had an extensive dialogue with Brian Craig, along with all my Board colleagues. We are convinced that Brians extensive professional experience as a senior executive and Director of Solium and his investment experience with other growth companies will bring much value to Katipult. The Independent Directors and Katipults Management are truly delighted to welcome Brian as a Director and look forward to benefiting from his insight and guidance.
About Katipult
Katipult (www.katipult.com) is a financial technology (FinTech) company offering proprietary, cloud-based software infrastructure on a white label basis that allows client firms to design, set up, and operate their own branded investment platform across multiple distribution channels - including web, mobile, and social media. Businesses deploying the Katipult platform are operating in over 20 regulatory environments to grow investor networks, efficiently manage investors, and streamline deal-flow administration in the areas of equities, debt and real estate.
For Further information please contact:
Brock Murray, CEO
bmurray(at)katipult.com
587-393- 3981
Virtus Advisory Group Inc.
Investor Relations
Katipult(at)virtusadvisory.com
416-644- 5081
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Datum: 01.06.2018 - 19:03 Uhr
Sprache: Deutsch
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