Argentum 47 Inc (ARGQ)

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GEQU

Global Equity International Inc., Through Its Subsidiary Global Equity Partners Plc., Has Finalized the Corporate Restructuring of Its Client Quartal Financial Solutions A.G.


DUBAI, UNITED ARAB EMIRATES--(Marketwired - May 26, 2016) - Global Equity International, Inc. (OTCQB: GEQU) and its fully-owned subsidiary Global Equity Partners Plc. ("GEP" -- www.gepartnersplc.com), a specialist consultancy firm with offices located in Dubai and London, are extremely excited to announce it has finalized the corporate restructuring of its client Quartal Financial Solutions A.G. ("Quartal" / "Company" -- www.quartalfs.com/en/home), a Zurich, Switzerland based Financial Technology Company.


On November 30, 2015, we were engaged by Quartal Financial Solutions A.G. In January 2016, we commenced the Company´s corporate restructuring and reverse capitalization. Towards the end of March of 2016, the Swiss company became a fully owned subsidiary of Quartal Financial Solutions Inc., a Nevada Holding Corporation.
The corporate restructuring and reverse capitalization was carried out via a share exchange between the two companies whereby it was contractually agreed that 58,485 common shares of Quartal Financial Solutions A.G. were to be exchanged for 5,848,450 common shares of Quartal Financial Solutions Inc. at $2.14 per share.
As a result of the reverse capitalization, Global Equity Partners Plc. agreed to exchange its 2,271 common shares of Quartal Financial Solutions A.G. for a total of 227,100 common shares of Quartal Financial Solutions Inc. Under the terms and conditions of our contractual agreement, these common shares carry Registration Rights when the company lists its shares on a Public Stock Exchange.
The Company is currently undergoing its PCAOB audits for the years ended December 31, 2014 and December 31, 2015. In the interim, with GEP´s assistance, the Company is actively seeking to raise up to US$10 million, for growth and expansion, via a pre-IPO private placement memorandum.