Montreal, Quebec, Canada
June 08,
2013
WAFU Inc. is pleased to announce that it has
closed the first ever accredited investor equity crowdfunding by a Canadian
company in the United States via CircleUp, a leading U.S. equity crowdfunding
platform for accredited investors to invest in private consumer product
companies in the United States.
“With the completion of this ground breaking
U.S. equity crowdfunding round, we have not only been able to raise some of the
capital that we need to continue to expand across Canada and the United States,
but have also been able to attract experienced consumer packaged goods U.S.
angel investors into our shareholder base who, we believe, will be invaluable
in helping us to continue to grow our brand in the United States and increase
the sales of our products in the U.S. through our new U.S. e-commerce site
http://www.wafushop.com.” said WAFU CEO Gil Michel-Garcia.
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| Gil Michel-Garcia |
WAFU Inc. raised gross proceeds of
approximately $230,000 through the issuance of Series A-2 Preferred Shares
and/or Series A-3 Preferred Shares to a small number of “accredited investors.”
All shares issued under the
private placement are subject to a four month hold period from the date of
issuance in Canada and are “restricted securities” subject to certain
additional transfer restrictions in the United States.
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