Brief: Mogo Announces Expansion Into Metaverse With Investment In NFT Trading Platform NFT Trader

Orion Digital

11/01/2022 13:49

Jan 11 (Reuters) - Mogo Inc  MOGO.TO :
    * MOGO ANNOUNCES EXPANSION INTO METAVERSE WITH INVESTMENT IN
NFT
TRADING PLATFORM NFT TRADER
    * MOGO INC - MOGO'S INITIAL INVESTMENT IS THROUGH A
CONVERTIBLE
NOTE WHICH, IF CONVERTED, WILL REPRESENT A 25% INTEREST IN NFT
TRADER
    * MOGO - HAS OPTION TO BUY ADDITIONAL 25% INTEREST IN NFT
TRADER
THROUGH SECONDARY PURCHASE OF SHARES FROM FOUNDERS WITHIN 6
MONTHS OF FIRST INVESTMENT
    * MOGO INC - ENTITLED TO APPOINT ONE DIRECTOR TO NFT
TRADER'S
BOARD OF DIRECTORS
    * MOGO INC - EXPLORING A STRATEGIC PARTNERSHIP TO BRING NFT
TRADER
TO MOGO'S MEMBERS IN CANADA
    * MOGO INC - GRANTED A PRO-RATA RIGHT FOR ANY FUTURE
OFFERINGS OF
SECURITIES BY NFT TRADER

Source text for Eikon:  ID:nBw9hMkl9a 
Further company coverage:  MOGO.TO 

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