12:59:26 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Marble Financial Inc
Symbol MRBL
Shares Issued 173,880,038
Close 2023-07-12 C$ 0.055
Market Cap C$ 9,563,402
Recent Sedar Documents

Marble closes first tranche of private placement

2023-07-12 19:56 ET - News Release

Mr. Mike Marrandino reports

MARBLE FINANCIAL ANNOUNCES 1ST TRANCHE CLOSING OF RENEWED PRIVATE PLACEMENT

Marble Financial Inc. has renewed its non-brokered private placement of seven-cent units, for up to $2-million, and has closed a first tranche of 829,000 units for aggregate proceeds of $58,030. Each unit comprised 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 closing, an aggregate of 58,030 shares were issued as finder fees. All securities issued are subject to a hold period of four months and one day from the date of issue.

An insider of the company purchased 829,000 units, representing the total number of units issued pursuant to the closing. The participation by the insider constitutes a related party transaction within the meaning of the policies of the 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 Financial 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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