Gopher
Protocol Inc. (OTCQB: GOPH) ("Gopher" and the
"Company"), a company specializing in the creation of Internet of
Things (IoT) and Artificial Intelligence enabled mobile technologies, announced
a closing of the sale of a convertible debenture containing a fixed conversion price,
which generated $750,000 in gross proceeds. The details on the funding can be
found in the Company's Form 8-K -https://www.sec.gov/Archives/edgar/data/1471781/000161577418001621/s109251_8k.htm.
Protocol Inc. (OTCQB: GOPH) ("Gopher" and the
"Company"), a company specializing in the creation of Internet of
Things (IoT) and Artificial Intelligence enabled mobile technologies, announced
a closing of the sale of a convertible debenture containing a fixed conversion price,
which generated $750,000 in gross proceeds. The details on the funding can be
found in the Company's Form 8-K -https://www.sec.gov/Archives/edgar/data/1471781/000161577418001621/s109251_8k.htm.
The
financing is part of the Company's strategy to reduce its dependence on
derivative convertible financing and create a balance sheet that gives
investors clarity regarding the number of shares outstanding and potential
dilution caused by convertible debenture financing. The investor that
participated in this financing may, in its sole discretion, provide additional
funding to the Company at similar terms of the current funding.
financing is part of the Company's strategy to reduce its dependence on
derivative convertible financing and create a balance sheet that gives
investors clarity regarding the number of shares outstanding and potential
dilution caused by convertible debenture financing. The investor that
participated in this financing may, in its sole discretion, provide additional
funding to the Company at similar terms of the current funding.
No comments:
Post a Comment