Single Touch $3,000,000 Convertible Notes and Warrants - October 2012
Single Touch Systems Inc. (OTC BB: SITO), a technology based mobile media solutions provider that enables businesses, advertisers and brands to easily connect with customers through its patented technologies.
With the completion of a $3,000,000 private placement, Single Touch intends to use the net proceeds from the offering primarily to capitalize on organic growth opportunities, with a portion being used to support activities to protect its Intellectual Property Portfolio.
Taglich Brothers, Inc. served as the exclusive placement agent and the firm’s principals, Michael Taglich and Robert Taglich, both personally invested in the transaction. The balance of the funds was raised from accredited investors.
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