MoPals.com Inc. Announces Investment Banking Agreement to Proceed with $15 Million Private Placement Offering

TORONTO, Oct. 14, 2014 /PRNewswire/ - MoPals.com, Inc. (OTCQB: PALS), ("MoPals", the "Company") the world's first community-driven, crowd-sourced loyalty program is pleased to announce that it has entered into an agreement with California-based Amarok Financial, LCC ("Amarok") and Cabrillo Broker, LLC ("Cabrillo"), collectively, to undertake a private placement of common shares for gross proceeds of up to US $15 million (the "Offering"). The Offering will be made on a best-efforts, fully-marketed basis.

Proceeds from the proposed Offering will be used to fund MoPals user and member acquisition, business expansion and signups, continued development of the technology platform, potential acquisition financing and general corporate working capital needs. The anticipated closing date is on or about November 30^th, 2014 or such date as the Company, Amarok and Cabrillo may agree.

MoPals is considered the world's first community-driven, crowd-sourced loyalty program, bridging the gap between social media and reward platforms. The Company's valuation under this private placement is estimated to be $60 million with a per-share price of approximately $1.15 per share. 

MoPals' goal is to acquire over 10 million members and sign up 10,000 business locations across North America over the next 36 months.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.

ABOUT MOPALS 
MoPals.com, Inc. is a publicly-traded company and the world's first community-driven, crowd-sourced loyalty program that bridges the gap between social media and reward platforms. With a mobile-based, experiential and Big Data-driven platform, MoPals rewards its members for both social and transactional behaviors. MoPals uses an exclusive digital currency, MoCoins™, to foster an exciting community where consumers are rewarded for making purchases at participating businesses, as well as engaging in a wide range of social media activities that enhance brand value. For more information, visit www.MoPals.com

Forward Looking Statements 
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including our ability to raise capital, or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov.

SOURCE MoPals

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