MONTREAL, June 21, 2012 /CNW Telbec/ - Freeport Capital Inc., (the
"Corporation" or "Freeport"), (CNSX: FAS) is pleased to announce that it has raised $1.2mm in capital at a price
of $0.60 with a ¾ purchase Warrant attached to each common share at an
exercise price $1.25 good for 18 months. The $1.2mm will be invested
into the Corporation over a 12 month period or sooner by the investor
with an initial deposit of $120k and the remaining payments disbursed
over the course of 14 months equally.
President Mr. Michele Tasillo stated "We are very excited to have
secured an important commitment at this stage of the corporation's
growth. This funding gives us the secured capital for daily operations,
hiring of expert personnel and manoeuvrability to acquire needed
equipment to manage and grow our Data-Center. The next 12 months are
crucial as we commercialize and deploy our products and services
globally, we can be assured our cash-flow is available to meet current
and future needs."
About Freeport Capital Inc.
First Equity Strategy LLC (DBA; Hybrid Paytech is a subsidiary of
Freeport Capital Inc. Based in Montreal, Canada; Hybrid Paytech is a
technology leader in the mobile payment space for credit and debit
acceptance. With a global footprint, Hybrid Paytech is an enabler of
easily deployable payment systems focusing on authentication, approved
security and quick merchant adoption in fleet, delivery, logistics and
For further information on Hybrid PayTech, please 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:
Freeport Capital Inc. (FAS:CNSX) www.freeportcapitalinc.com
Mr. Michele Tasillo
(514) 394 5200 firstname.lastname@example.org