CA - MOBI724 Global seeks approval for shares-for-debt deal announces private placement

• Mobi724 Global ( OTCPK:MOBIF ) on Monday announced that it entered into a shares for debt agreements and is seeking approval from the TSX Venture Exchange, to pay off certain loans, unpaid salary and other fees.
• The debt will be converted by issuing 25,356,200 common shares at a price of C$0.025 in accordance with the Minimum Price Exception stipulated in TSXV.
• The company also announced that it is currently seeking to close a non-brokered private placement financing of common shares and an unsecured convertible debenture of up to C$1.5 million.
• The offering consists of the following two components: unit offering of 30,000,000 units at C$0.025 per unit and debenture offering of an unsecured convertible debenture of C$750,000.

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