Brand Marvel Worldwide Consumer Products Corporation announced that it expects to receive CAD 7 million in funding.
On January 16, 2015, the company announced that TSX Venture Exchange has accepted for filing the documentation relating to the first tranche. The tranche will include participation from 4 places. The company will issue 1,793,406 shares to Richemont Holdings Limited as finder's fees.
On January 17, 2015, the company announced that it has issued 95,160,330 shares for CAD 4,758,016.5 in first tranche. The company issued 1,793,406 finder's shares. The securities issued are subject to hold period expiring on May 17, 2015.