No Borders, Inc., a Nevada corporation, (OTC:NBDR) today announced that it has successfully raised a fixed-rate convertible debt round of funding from new and existing friends and family investors. No Borders, Inc. and its subsidiaries are committed to operating a remote work organization with a brand and revenue growth focus from a lean operations ideology. Toward these goals the Company has continually worked closely with its friends and investors to only raise the relatively small amounts of capital that the Board deems necessary for supporting the Companys stability and overall growth.
The Board of Directors of No Borders, Inc. approved and closed this financing using the same fixed-rate convertible structure that the Company has used previously. This structure allows the Company to bring in the capital it needs for growth while maintaining a strong cash position and a balance sheet free from toxic debt. In total the Company raised $225k USD which will be deployed for general business purposes and additional inventory acquisition inside the No Borders Naturals subsidiary.
Cynthia Tanabe, our CFO and Director stated, I am thrilled to have such an amazing group of people who love our vision and support our mission. I want to personally thank all of our investors big and small for putting your capital and faith in our Company. Here at NBDR we are always very mindful of not only the up front cost of capital but also the long term impacts and costs that the various financing structures available to us really incur. We have worked very hard to create a debt structure that affordably honors and rewards the capital providers while concretely laying out the costs of capital and ensuring a known dilutive impact in the future with a fixed rate conversion price. It should be noted that these investors, just like previous funding tranches, have locked in a conversion price AT THE SAME price they could have purchased shares for on the open market (between 0.018 and 0.02 per share). This is a powerful endorsement of their belief in what we are doing and in all of our belief in the future potential of this amazing Company.
In addition to the note terms of the agreement this financing also includes a warrant for the purchase of up to 1,000,000 shares of NBDR common stock at a strike price of $0.25 per share. This is a warrant structure that the Company believes lays a path to future additions of friendly capital for the Companys operations while providing an opportunity for our investors to have another opportunity for upside returns aligned with the success of the overall organization.
About No Borders Naturals, Inc.
No Borders Naturals, Inc. a subsidiary of No Borders, Inc. (OTC:NBDR) is a purveyor of health and wellness product for active consumers and their pets. With a discerning eye on quality, bio-availability and natural wellness, No Borders Naturals aims to be an industry leader in alternative wellness product offerings. Now Accepting Cryptocurrencies Via Coinbase!
About No Borders Dental Resources, Inc.
No Borders Dental Resources, Inc. a subsidiary of No Borders, Inc. (OTC:NBDR) provides equipment and supplies to medical and dental professionals across the US through the trade name MediDent Supplies. MediDent has a strategic focus on expanding product portfolios and optimizing Lifetime Customer Value (LCV) while minimizing Customer Acquisition Cost (CAC) in the medical, dental and veterinary spaces. Now Accepting Cryptocurrencies Via Coinbase!
About No Borders Labs, Inc.
No Borders Labs, Inc. provides leading-edge tech tools to our internal companies while also offering consulting, architecture, and software development services to external businesses looking to update their technology infrastructure for greater efficiency, security, and transparency. No Borders Labs, Inc. is headquartered in Arizona with resources in the USA, South America, Asia, and Europe.
About No Borders, Inc.
No Borders, Inc. (OTC:NBDR) is a multifaceted corporation specializing in the acquisition, creation and scaling of commercial and consumer products by utilizing cutting edge technologies to reduce costs while increasing revenues and shareholder value through technological superiority across its portfolio of assets.
FOR ADDITIONAL INFORMATION
Read more about the No Borders, Inc. and its subsidiaries, on our official website, as well as further information about the Company and its latest news releases at http://www.NBDR.co
ON BEHALF OF THE BOARD OF DIRECTORS,
Chief Executive Officer and Director
18716 E. Old Beau Trail
Queen Creek, AZ 85142
Contact: [email protected]
Source: No Borders, Inc. (NBDR)
Released July 9, 2019
This press release may include certain statements that are forward-looking in nature and that involve a number of uncertainties and risks. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in this press release are based on No Borders, Inc., current expectations and projections regarding future events, which are based on currently available information. The forward-looking statements in this press release may also include statements relating to No Borders, Inc.’s anticipated new developments, business prospects, financial performance, strategies and similar matters. No Borders, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.