MPayMe Limited Co. announced a private placement of 787 common shares at a price of $2,541.30 per share with Billing System Corporation for gross proceeds of $2,000,000 on July 18, 2013. The shares will be issued by third-party allotment.

The investor will acquire 2.66% stake in the company through this transaction. The board of directors' meeting of the investor approved the transaction. The payment date is July 31, 2013.