Mapath Capital completes private placement and debt settlement

Mapath Capital Corp. (OTCPK:IVFZ.F) (“Mapath Capital”) has successfully closed a non-brokered private placement, issuing 12,100,000 common shares at $0.05 per share, raising gross proceeds of C$605,000. The funds will be used for working capital and debt repayment.

Fasken advised Mapath Capital with a team led by Martin Ferreira Pinho (Capital Markets) and included Mike Stephens (Information Technology) and Danika Kotylak (Emerging Technology & Venture Capital).