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Midpoint Holdings Ltd. - Correction from Source
Midpoint Holdings Ltd. - Correction from Source Midpoint Holdings Ltd. - Correctio...
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[{"type":"text","content":"\n\n\n\nMidpoint Holdings Ltd. - Correction from Source\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nMidpoint Holdings Ltd. - Correction from Source\nCanada NewsWire\nTORONTO, May 17, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./\n\n\n\nTORONTO, May 17, 2016 /CNW/ - Midpoint Holdings Ltd. (the \"Company\") (TSXV: MPT) - A correction from source is issued with respect to the news release that was disseminated on May 12, 2016 at 5:16 p.m. (Eastern Standard Time).  The shareholdings of the significant shareholder listed under the heading \"Early Warning Notice\" were incorrect. An amended early warning report will be filed on the Company's issuer profile on SEDAR at www.sedar.com.  The correct version of the news release follows:\n\nMIDPOINT ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT \n\nMidpoint Holdings Ltd. (the \"Company\") (TSXV: MPT) is pleased to announce that it has closed the second tranche of its previously announced private placement through the issuance of 1,270,000 units (\"Units\") at a price of $0.10 per Unit for total gross proceeds of $127,000 (the \"Offering\"). Each Unit is comprised of one common share (a \"Common Share\") in the capital of the Company and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\").  Each Warrant entitles the holder thereof to purchase one Common Share for a period of twenty four (24) months from the closing of the Offering at a price of $0.20 per Common Share, provided that if, at any time after the date that is more than four months and one day following the closing of the Offering, the Common Shares trade on a stock exchange at a volume weighted average trading price of $0.50, or greater, per Common Share for a period of 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants by giving notice to the holders ther...