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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Orecap Invest Corp | TSXV:OCI | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.065 | 0.06 | 0.065 | 0 | 01:00:00 |
MPVC Inc. ("MPVC" or the "Company") (TSX VENTURE:OCI) is pleased to announce that it has closed a non-brokered private placement (the "Placement") with Graham Kemp, a director of the Company to raise proceeds of $125,000. The Placement resulted in the issuance of 1,250,000 common shares ("Common Shares") to Mr. Kemp at a price of $0.10 per Common Share, being above the current market price for the Common Shares. Prior to the placement, Mr. Kemp, a Control Person of the Company, owned 2,847,327 Common Shares (being approximately 20.1% of the issued and outstanding Common Shares) and following the Placement owns 4,097,327 Common Shares (being approximately 26.6% of the issued and outstanding Common Shares). The Common Shares are all subject to a four (4) month statutory hold commencing from the date of issuance. The Placement is subject to TSX Venture Exchange final acceptance of requisite regulatory filings. All proceeds from the Placement will be used by the Company to fund general working capital requirements. About MPVC Inc. The Company, through its wholly owned subsidiary OCI, is committed to providing and managing specialized inbound and outbound customer care, sales and marketing, technical support and many other centralized contact center services to its clients. The Company's focus is on providing single source solutions for all clients' contact center needs from its growing base of delivery centers. The Company is dedicated to providing a quality and breadth of service that exceeds client expectations.
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