Freeport Capital Inc.

January 29, 2010 09:53 ET

Freeport Capital Inc. (CNSX:FAS) Announces a 3rd Tranche Private Placement For $85K at $0.25

MONTREAL, QUEBEC--(Marketwire - Jan. 29, 2010) -

Freeport Capital Inc. (CNSX:FAS) In connection with the Transaction has closed a 3rd Tranche of 340,000 shares for proceeds of $85,000 of a non-brokered private placement financing of up to 4,000,000 (CNSX:FAS) Shares for gross proceeds of up to $1,000,000, at a price of $0.25 per share with a Warrant attached of $0.40 on a 1 for 1 basis. Freeport Capital Inc. (CNSX:FAS) expects to close subsequent tranches of the private placement for additional gross proceeds of up to $765,000 on or before March 31, 2010.

About Freeport Capital Inc. (CNSX:FAS)

Freeport Capital Inc. (CNSX:FAS) provides Internet-based point-of-sale (POS) technology solutions for businesses and consumers worldwide with end-to-end solutions that makes credit/debit card transactions considerably more affordable and accessible for merchants requiring mobile, online and pc/laptop access.

More information about the company can be found on the website.

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