Brand Marvel Worldwide Consumer Products Corporation announced that it has received CAD 6.22 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.
On March 5, 2015, Brand Marvel Worldwide Consumer Products Corporation (TSXV:BMW) closed the transaction. The company issued 29,280,100 shares for CAD 1,464,005 to Yan Jun Sun in second tranche. The company has received CAD 6,222,021.5 in the transaction. The securities issued are subject to hold period expiring on July 5, 2015. The TSX Venture Exchange has accepted filing documentation with respect to the transaction.