Brief: PopReach Announces $5 Mln Investment By Alibaba Group's Global Investment Arm

Ionik

15/10/2020 14:14

Oct 15 (Reuters) - PopReach Corp  POPR.V :
    * POPREACH ANNOUNCES $5 MILLION STRATEGIC INVESTMENT BY
ALIBABA
GROUP'S GLOBAL INVESTMENT ARM
    * POPREACH - WILL PAY TO DDM GAME STUDIO REPRESENTATION LLC
A
FINDER'S FEE EQUAL TO 4.0% OF GROSS PROCEEDS
    * POPREACH - RECEIVED BINDING SUBSCRIPTION AGREEMENT FOR A
STRATEGIC INVESTMENT BY NEW INSIGHT INCENTIVE PLAN COMPANY
    * POPREACH - EWTP WILL INVEST $5 MILLION IN POPREACH BY
SUBSCRIBING FOR UP TO 6.9 MILLION COMMON SHARES AT A PRICE OF
$0.72 PER COMMON SHARE

Source text for Eikon:  ID:nCNWLShLLa 
Further company coverage:  POPR.V 

 ((Reuters.Briefs@thomsonreuters.com;))