14:46:29 EDT Sat 10 Jun 2023
Enter Symbol
or Name

Marble Financial Inc
Symbol MRBL
Shares Issued 123,269,838
Close 2023-03-16 C$ 0.075
Recent Sedar Documents

Marble Financial closes $116,000 private placement

2023-03-16 16:18 ET - News Release

Mr. Mike Marrandino reports


Marble Financial Inc. has closed a tranche of its non-brokered private placement of seven-cent units, issuing 1.67 million units for an aggregate subscription amount of $116,900. Each unit comprises a common share and one-half of a warrant, a whole warrant exercisable to purchase a common share at a price of 11 cents for a period of two years. In connection with the tranche, an aggregate of 56,000 shares were issued as finder fees. All securities issued are subject to a hold period of four months and one day following issue.

Certain insiders of the company purchased an aggregate of 950,000 units, representing approximately 57 per cent of the total number of units issued. The portion of such participation by the insiders constitutes a related party transaction within the meaning of the policies of the CSE (Canadian Securities Exchange) and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and (b), and 5.7(1)(a), respectively, of MI 61-101 on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the placement exceeds 25 per cent of the company's market capitalization calculated in accordance with MI 61-101, and on the basis that no securities of the company are listed or quoted on a stock exchange as specified in MI 61-101.

About Marble Financial Inc.

Marble is a leading provider of software-as-a-service (SaaS) solutions that empower businesses to acquire and use real-time financial data to better transact with consumers. Along with enabling smarter marketing ROI (return on investment) for partners seeking increased conversion rates to those consumers that require further monitoring, predictive financial recommendations, and guidance to rehabilitate them to transact in the future. Utilizing Marble's proprietary and proven artificial intelligence data-driven technology platforms, Inverite, Accumulate.ai and MyMarble, businesses and consumers are empowered in real-time, access to a 360 financial profile that includes credit and banking data. Marble leverages machine learning, artificial intelligence, predictive financial recommendations, risk scores and open-banking strategies to put the power of financial data into the hands of businesses and consumers, promoting more robust relationships and higher intent toward future engagements.

We seek Safe Harbor.

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