Upco International Inc. Announces Closing of Financing
Vancouver, British Columbia--(Newsfile Corp. - November 28, 2018) - Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) ("Upco") is pleased to announce it has closed its previously announced financing to rasie up to $1 million at $0.22 per share and issue up to 4,550,000 shares of the Company. Upco has raised $769,960 has issued 3,499,818 shares at $0.22 per share. The Proceeds will be used for general working capital. All the shares issued will have a 4 month hold.
Upco also has repriced the 790,000 stock options that were issued at $0.16 on November 26, 2018 to $0.22. the options will be exercisable for 5 years.
About Upco International Inc.
Upco International Inc. is a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce. Upco is a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business. Upco has designed a software application for Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco E-Wallet using Blockchain Payment Services, users will be able to: send invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrea Pagani, CEO and Director
This press release contains forward-looking information or forward-looking statements (collectively "forward- looking information") within the meaning of applicable securities laws. Forward- looking information is typically identified by words such as: "will" "may" "believe", "expect", "anticipate", "intend", "estimate", "development", "forthcoming", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. Upco cautions investors that any forward-looking information provided by Upco is not a guarantee of future results or performance.