Euro Asia Pay Holdings Inc. announced a financing transaction
On the same date, the company issued 2,301,128 units for gross proceeds of CAD 575,282 in its first tranche. The tranche included participation from Peter MacKay, the CEO and a director of the company for CAD 7,782 and other investors. The company did not pay any finder's fees in respect of the transaction. All securities issued in connection with the transaction are subject to a standard hold period of four months and one day in accordance with applicable securities laws. The company anticipates closing a second tranche of the transaction in the coming days.