Mobi724 Global Solutions Inc. (TSXV:MOS) announced a non-brokered private placement of up to 19,230,769 shares at a price of CAD 0.065 per share for proceeds of up to CAD 1,250,000 and non-secured convertible debentures of up to CAD 1,250,000, for aggregate gross proceeds of CAD 2,500,000 on January 4, 2019. The non-secured convertible debentures bears fixed interest of 12% per annum and are convertible into common shares at a fixed conversion price of CAD 0.15 per share. The debentures will mature in 24 months of issuance. Completion of the transaction remains subject to the final approval of the TSX Venture Exchange. All securities issued will be subject to a statutory four month hold period. The Company may pay finder's fees in connection with the transaction.