Upco International Inc.

  • ISIN: CA9152971052
  • Land: .

Nachricht vom 18.10.2018 | 15:01

Upco International Inc. Announces Closing of First Tranche of Financing

DGAP-News: Upco International Inc. / Key word(s): Miscellaneous

18.10.2018 / 15:01
The issuer is solely responsible for the content of this announcement.


Vancouver, British Columbia--(Newsfile Corp. - October 18, 2018) - Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (Frankfurt: U06) ('Upco') is pleased to announce it has closed the first tranche of the previously announced financing to rasie up to $1 million at $0.22 per share and issue up to 4,550,000 shares of the Company. Pursuant to the first tranche, Upco has issued 1,967,998 shares at $0.22 per share for gross proceeds of $432,960. The Proceeds will be used for general working capital. All the shares issued will have a 4 month hold.

About Upco International Inc.

Upco International Inc. is a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce. Upco is a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business. Upco has designed a software application for Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco E-Wallet using Blockchain Payment Services, users will be able to: send invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments.

www.upcointernational.com

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director
office@upcointernational.com
212-461-3676

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively 'forward- looking information') within the meaning of applicable securities laws. Forward- looking information is typically identified by words such as: 'will' 'may' 'believe', 'expect', 'anticipate', 'intend', 'estimate', 'development', 'forthcoming', 'potentially' and similar expressions, or are those, which, by their nature, refer to future events. Upco cautions investors that any forward-looking information provided by Upco is not a guarantee of future results or performance.

Click on, or paste the following link into your web browser, to view the associated documents http://www.newsfilecorp.com/release/40451


18.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

GBC-Fokusbox

Hohes Kurspotenzial: „Attraktiver „Value-add“-Immobilienspezialist

Die Coreo AG führt derzeit eine Bezugsrechtskapitalerhöhung durch, in deren Rahmen ein Bruttoemissionserlös von bis zu 16 Mio. € angestrebt wird. Der Liquiditätserlös soll zum Erwerb von Gewerbe- und Wohnimmobilien für den Geschäftsbereich „Value Add“ verwendet werden. Derzeit, also pre money, verfügt die Gesellschaft über ein prognostiziertes NAV (auf Grundlage von GBC-Berechnungen) von 2,40 €. Für das laufende und kommende Geschäftsjahr rechnen wir mit einem spürbaren Ertrags- und Ergebnisanstieg. Neben der Steigerung von Mieterträgen sollte die Gesellschaft im nennenswerten Umfang Veräußerungserlöse erzielen sowie stille Reserven aufdecken. Auf Basis unseres DCF-Bewertungsmodells (post money) haben wir ein Kursziel von 3,10 € ermittelt. Auf Basis des aktuellen Kurses sowie des Platzierungspreises im Rahmen der Kapitalerhöhung von 1,60 € je Aktie lautet unserer Einschätzung KAUFEN.“

Aktuelle Research-Studie

Original-Research: UniDevice AG (von GBC AG): Vorstandsinterview UniDevice AG

18. Dezember 2018