Key Developments: 5Barz International Inc (BARZ.PK)

BARZ.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

5BARz International Inc establishes subsidiary company in India
Wednesday, 4 Mar 2015 02:26pm EST 

5BARz International Inc:Says it has established subsidiary Company, 5BARz India Private Ltd., in Bangalore, India.India has about 900 mln mobile subscribers and is one of fastest growing telecommunication markets in world.Need to improve cellular performance throughout India is major issue for network operators, while dissatisfaction amongst subscribers has never been higher as evidenced by recent consumer survey indicating that 40 pct of subscribers in India are considering switching networks.  Full Article

5BARz International Inc completes million private placement
Monday, 17 Nov 2014 06:00am EST 

5BARz International Inc:Completed a private placement for aggregate proceeds to the company of $3,454,545.In addition, the company issued 325,000 units for services, on the same terms, for aggregate proceeds of $48,750.Each unit is comprised of one share and one share purchase warrant to acquire a second share at a price of $0.30 per share acquired, with a two year term on the attached warrant.The offering provided working capital of $3,503,295 to the company to advance its technology and product line.  Full Article

5Barz International Inc Appoints Chairman
Thursday, 21 Nov 2013 09:00am EST 

5Barz International Inc announced that Dr. Gil Amelio has been elected Chair of the 5BARz Board of Directors, effective immediately.  Full Article

5Barz International Inc Completes $2.6M Private Placement
Tuesday, 12 Nov 2013 11:30am EST 

5BARz International Inc announced that the completion of a private placement, resulting in net proceeds of $2,610,000. The Company issued 26,100,000 units, at a price of $0.10 per unit, with each unit comprised of one share of the common stock of the issuer and one share purchase warrant to acquire a second common share at a price of $0.30. The warrant is exercisable for a period of two years.  Full Article

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