MXM Nation Inc. is pleased to announce that in 2013 it has closed private placement financings for total gross proceeds of CAD$1,250,200.
“With the MXM Nation online network, we ushered in a social sponsorship platform for motocross brands to connect with extreme sports athletes.” stated Myles Bartholomew, CEO. “Now with this new funding in place, we will be taking social sponsorship to a new level through many other social networks where people are passionate about the brands they love.”
The Offering consisted of an aggregate of 4,167,333 units of the Company (“Units”) at a purchase price of $0.30 per Unit. Each Unit consists of one common share
and one common share purchase warrant exercisable at $0.30 for a period of two years from the date of issuance.