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MCGI: In Discussion With Institutional Investor And To Undergo Restructuring To Uplist To OTCQB

LAS VEGAS, Jan. 23, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – MedCareers Group, Inc. (MCGI: OTC pink) is pleased to announce that it is in final discussions with an institutional investor for a multi-million dollar financing that will be significantly less costly for the company. Additionally, the institutional investor could potentially take over part of the existing debt on the books of the company. The company expects to enter into definitive agreements with this investor in the next two weeks.
The company is also planning to undergo a financial restructuring in order to qualify to uplist to the OTCQB exchange, which is a more senior exchange than the one the company is currently listed on now.
“We are very pleased to have attracted an institutional investor as we work to uplist to the OTCQB,” said Timothy Armes, President and CEO of MedCareers, “Attracting lower cost financing will assist in supporting our anticipated growth for this year and moving forward.”