GOLO Mobile Inc. (TSXV:WLTR) announced that it has entered into subscription agreements with certain insiders and related parties for private placement of 45,833,331 common shares at a price of CAD 0.09 per share for gross proceeds of CAD 4,125,000 on January 11, 2021. The transaction will include participation from returning investors, Paysafe Uk Golo Holdco Limited for 27,777,777 shares, James McRoberts for 4,166,666 shares, Danny Chazonof for 7,222,222 shares and Habsfan Holdings Inc for 6,666,666 shares. Post the closing, the investors will hold approximately 50.01%, 17.02%, 3.57% and 7.96%, respectively of the issued and outstanding shares on an undiluted basis. Closing of the transaction is subject to approval of the TSXV and other closing conditions customary for offerings of this nature.