Mr. Mike Marrandino reports
MARBLE FINANCIAL ANNOUNCES 3RD TRANCHE CLOSING OF PRIVATE
PLACEMENT
Marble Financial Inc. has closed a third tranche of its private placement (see
news release of July 12, 2023) in the amount of 858,000 units for aggregate proceeds of $60,060. Each unit
comprises a common share and one-half of a warrant, a whole warrant being 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 60,060 shares
were issued as finders' fees. All securities issued are subject to a hold period until Dec. 12, 2023.
An insider of the company purchased 858,000 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. 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 equity) 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-degree 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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