| DGAP-News: Upco International Inc. / Key word(s): Miscellaneous Upco International Inc. Announces Closing of First Tranche of Financing 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. 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.
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 |
| Language: | English |
| Company: | Upco International Inc. |
| Canada | |
| ISIN: | CA9152971052 |
| End of News | DGAP News Service |
| |
735159 18.10.2018
![Turbo Bull auf DJ EuroStoxx 50 (Kurs) [Commerzbank] Chart](/chart/images/chart.png?z=a43234~Zs0~i0~j0~o100~wfree~Uintraday~z295 "Turbo Bull auf DJ EuroStoxx 50 (Kurs) [Commerzbank] Chart")