Original News Release posted at StockHouse

NetCents Technology Inc. (“NetCents” or the “Company”) (CSE: NC) (Frankfurt: 26N), has entered into a non-binding agreement for a drawdown equity facility of up to $5 million with Alumina Partners (Ontario) Ltd., a subsidiary of Alumina Partners LLC, a New York-based private equity firm. The agreement provides for equity private placement offerings, to be conducted in drawdowns made at the sole discretion of the company over a period of 60 months. Concurrent with entering into the equity facility, the company and Alumina Partners closed the first tranche offering under the facility for $500,000. Proceeds will be used for business expansion, marketing and general working capital.

This financing has been structured to allow the company to quickly access capital for…

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