Mopals.com, Inc. (OTCPK:PALS) entered into an engagement agreement for private placement of shares for gross proceeds of $15,000,000 on October 9, 2014. Amarok Financial, LLC and Cabrillo Broker, LLC will serve as agents on best effort and fully-marketed basis in the transaction. The amount will be raised at a minimum post-money valuation of $60,000,000.

Upon the first closing in the transaction, the advisors will receive a fee equal to 7% of the aggregate amount of all equity and equity-linked securities placed or committed, with 5% to be received in cash and 2% to be received in restricted shares of the company to be valued at the transaction price offered to investors. The agreement may be terminated at any time upon 30 days prior written notice by either party. The transaction will involve participation from accredited investors.

The transaction is expected to close on November 30, 2014.