Gabetti Property Solutions announced that it has received 20 million in funding.
February 24, 2014 at 11:00 pm EST
Gabetti Property Solutions (BIT:GAB) announced a private placement of common shares and a convertible bond for gross proceeds of 30,000,000 on February 17, 2014. The company will issue common shares for gross proceeds of 20,000,000 and a bond for gross proceeds of 10,000,000. The round will see participation from lending banks.
On February 25, 2014, Gabetti Property Solutions closed the transaction. The company has received 19,999,999.93 through the issuance of 682,593,851 shares at 0.0293 per share.