QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) Receives Initial $1.5M Investment from US-based Insurance Administrator
PowerBand Solutions (TSX.V: PBX) (OTCQB: PWWBF) (FRA: 1ZVA) this morning announced the closing of the initial $1.5 million tranche of a USD $10 million Convertible Debenture Agreement with Texas-based D&P Holdings, Inc. This marks the first of three tranches of a $10-million Convertible Debenture. The second tranche of $3.5 million and the third tranche of $5 million are scheduled to close on April 6, 2020 and May 6, 2020, respectively. PowerBand is currently in discussions to secure extensive credit facilities for its cloud-based transaction platform. The platform will enable consumers and dealers to buy, sell, lease and trade vehicles on…