10:18:47 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Marble Financial Inc
Symbol MRBL
Shares Issued 183,828,221
Close 2023-12-29 C$ 0.04
Market Cap C$ 7,353,129
Recent Sedar Documents

Marble closes $27,500 third tranche of financing

2023-12-29 17:26 ET - News Release

Mr. Mike Marrandino reports

MARBLE ANNOUNCES 3RD TRANCHE CLOSING OF PRIVATE PLACEMENT

Marble Financial Inc. has closed its third tranche of its private placement (see news release of Sept. 20, 2023) in the amount of 550,000 units for aggregate proceeds of $27,500. Each unit comprises a common share and one whole warrant, with a whole warrant exercisable to purchase a common share at a price of 10 cents for a period of two years. In connection with the closing, an aggregate of 38,500 shares were issued as finders' fees. All securities issued are subject to a hold period until April 30, 2024.

An insider of the company purchased 550,000 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) and risk-model-as-a-service (RMaaS) solutions that empower businesses to acquire and use real-time financial data to better transact with consumers. Utilizing Marble's proprietary and proven artificial intelligence data-driven technology platforms, Inverite and MyMarble, businesses and consumers are empowered, in real time, with 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.

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