IFAN Financial, Inc. (IFAN) Enters $1 Million Private Placement Agreement
Today before the opening bell, IFAN Financial announced that it is selling $1 million of its common stock and warrants in a private placement agreement with an accredited investor. Taking place in various stages, the investor has begun to fund the first tranche in the amount of $150,000. The fifth and final tranche in the amount of $200,000 is expected by February 9, 2015. Pursuant to the agreement, the investor has agreed to purchase approximately 3.7 million restricted common shares at a price of $0.27 per share, and an equal amount of warrants that are exercisable until the end of…
