Money4Gold Holdings Inc. Completes Private Placement
Money4Gold Holdings Inc.(OTCBB: MFGD) is pleased to announce that it has closed a private placement and raised $2,400,000 in gross proceeds.
Money4Gold sold 40 units at $60,000 per unit. Each unit consists of 200,000 shares of common stock and three-year warrants to purchase 200,000 shares of common stock at an exercise price of $0.50 per share.
The net proceeds from the private placement will be used to advance the Company’s network for recycling precious metals, and for general corporate purposes.
About Money4Gold Holdings Inc.
The Company’s mission is to increase shareholder value by producing gold, platinum and silver in increasing quantity, and without the risks of mining, large capital costs or the attendant environmental and political hazards. Management believes Money4Gold can offer the upside potential of the thriving precious metals markets by the broad-scale acquisition, recycling and production of gold, platinum and silver, while concurrently providing a new level of service and payout to individuals and groups wanting to sell their precious metals. Through Money4Gold’s consumer websites, including www.Dollars4Gold.com, the company strives to provide the most convenient, efficient and secure method for individuals to recycle items containing precious metals. For more corporate information, please visit www.Money4Gold.com
Except for statements of historical fact, the matters discussed in this press release are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company’s control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, difficulty in developing, exploiting and protecting proprietary technologies, intense competition and additional risks factors as discussed in the Form 8-K dated July 29, 2008 filed by the company with the Securities and Exchange Commission, which is available on its website at http://www.sec.gov.