Value Exchange International, Inc. (OTCPK:VEII) announced that it has entered into a securities purchase agreement to issue 6,500,000 common shares, having par value of $0.00001 per share at an issue price of $0.1 per share for gross proceeds of $650,000 on April 8, 2021. The transaction included participation from GigWorld Inc. The shares will be restricted securities. The securities will be issued upon reliance on an exemption from registration under Section 4(a)(2) and Rule 506(b) of Regulation D.
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- Value Exchange International, Inc. announced that it expects to receive $0.65 million in funding from GigWorld Inc.