FNDS3000 Corp Announces Execution of $2.5 Million Equity Financing Agreement - MarketWatch

FNDS3000 Corp Announces Execution of $2.5 Million Equity Financing Agreement - MarketWatch
FNDS3000 Corp /quotes/comstock/11k!fdtc (FDTC 0.13, +0.03, +30.00%) , an international prepaid processing company currently introducing electronic payment solutions to the South African market, today announced the signing of a $2.5 million non-brokered equity financing agreement that is intended to be closed in four tranches over a nine month period. The first tranche of $1 million was closed on October 19, 2010; the three follow-on financings, equal to $500,000 each, are scheduled to occur on or about January 31, 2011, April 1, 2011 and July 1, 2011.