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Monday, April 16, 2018

Investorideas.com Newswire - #Tech News: Gopher Protocol (OTCQB: $GOPH) Announces Follow-On Financing with Existing Investor

Investorideas.com Newswire - #Tech News: Gopher Protocol (OTCQB: $GOPH) Announces Follow-On Financing with Existing Investor





Gopher
Protocol Inc. (
OTCQB:
GOPH
)
("Gopher" and the "Company"), a company specializing in the
creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile
technologies, announced a closing of the sale of a convertible debenture
containing a fixed conversion price, which generated $750,000 in net proceeds.
The details on the funding can be found in the Company's Form 8-K – 
https://www.sec.gov/Archives/edgar/data/1471781/000161577418002602/0001615774-18-002602-index.htm

As
previously disclosed, under the terms of the prior financing, Bellridge
Capital. LP ("Bellridge") was entitled to invest an additional
$750,000 in consideration of a debenture and common stock purchase warrant. On
April 9, 2018, Bellridge exercised this right to invest additional capital into
the Company.

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