MoPals.com raises $326,704 through two common stock placements

Company sells shares to Kuusamo Capital, Vito Galloro at $0.25

By Marisa Wong

Morgantown, W.Va., Sept. 14 – MoPals.com, Inc. raised $326,704 from the sale of 1,306,816 shares of its common stock, according to an 8-K filing with the Securities and Exchange Commission.

The company entered into a stock purchase agreement with Kuusamo Capital, Ltd. on July 27, selling 306,816 shares at $0.25 per share, for total proceeds of $76,704.

The company also entered into a stock purchase agreement with Vito Galloro on Sept. 3, issuing 1 million shares at $0.25 per share, for total proceeds of $250,000.

The Toronto-based company offers loyalty rewards through the use of social media platforms.

Issuer:	MoPals.com, Inc.
Issue:	Common stock
Amount:	$326,704
Shares:	1,306,816
Price:	$0.25
Warrants:	No
Investors:	Kuusamo Capital, Ltd. for $76,704, Vito Galloro for $250,000
Settlement dates:	July 27, Sept. 3
Stock symbol:	OTC: PALS
Stock price:	$0.74 at close Sept. 11
Market capitalization:	$45.81 million

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