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Midpoint Holdings - Capital Network: Capitalisation Update Report

New Investment into Midpoint, Significant Increase in Subscription Price.
 
Midpoint Holdings Ltd (CVE: MPT), has announced a significant new share offering to raise up to S1.2m CAD through a non-brokered private placement of 16,000,000 Common Shares at $ 0.075 CAD. The investment will be led by Halifax (Canada) based Numus Capital Corp. and PowerOne Capital Group of Toronto. Upon announcement, Midpoint Holdings Ltd (CVE: MPT), shares jumped 62.50% and was TSX.V top gainer at the closed of market yesterday. Midpoint will pay an arm's length finder's fee comprised of Common Shares equal to 7% of funds related to investments in Midpoint Holdings Ltd (CVE: MPT), and no broker warrants.
Midpoint Holdings - Capital Network: Capitalisation Update Report

The issuance of 16,000,000 new Common Shares will have a dilutive impact, albeit with the compensation to existing investors of a positive effect on share value. We expect common share dilution of c. 18.5% on an outstanding number of shares prior to this offering of 86,649,859.

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