Freeport Capital Inc. (FAS: CNSX) conversion of debt and exercise of warrants
MONTREAL, Jan. 17, 2013 /CNW Telbec/ - Freeport Capital Inc. (the "Company") a leader on Mobile Credit and PIN Debit payment solutions, announces the following:
Conversion of bona fide consultant's debt
The Company will convert $ 211,600.00 for technological services rendered in the field of wireless mobile technology. 265,000 common shares will be issued at a price of $0.80 based on the discount on the $1.00 confidential price reserve approved by CNSX.
Exercise of Warrants
The Company will also issue 20,618 shares pursuant to the election to exercise 20,618 purchase share purchase warrants at an exercise price of $0.495.
The Company has successfully issued 1,304,000 share purchase warrants at an exercise price of $1.099 expiring July 14, 2014 which were issued at a price of $0.01 for a capital raise of $1,304.00.
About Freeport Capital Inc.
Freeport Capital Inc. (CNSX: FAS) develops an Enterprise Ready Mobile Payment Platform for the leading OS's (IOS, Android, BB and Windows 7). The Corporation wholly owned subsidiary First Equity Strategy LLC markets itself with the DBA: HybridPay Tech. Visit www.hybridpaytech.com and click on our corporate video presentation http://www.youtube.com/watch?v=XvZHrck2eag&feature=youtu.be
The Canadian National Stock Exchange (CNSX) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States
SOURCE: FREEPORT CAPITAL INC.For further information:
Please visit www.freeportcapitalinc.com or contact Mr. Michele Tasillo 514-394-5200.