FATHERLAND CORPORATION LAUNCHES $5M PRIVATE PLACEMENT IN US
The
corporation is offering its Common Stock to raise $5 million through Public Private Memorandum against 20% common stock, FairShares.
Fatherland is a global marketplace for the African and non-African populations for authentic stories and experiences of Africans and their race founded by Hareter B. Oralusi.
The Corporation delivers technology driven programmes and services to the worldwide population targeting over 100 million members. It is a holding company incorporated in Delaware and operates from New York, Atlanta, Florida, London, Dublin, Lagos, and others.
“The Shares are offered at a purchase price of $2.00 per share, up to an aggregate purchase price of $5,000,000. The Offering will terminate upon the sale of 2,500,000 shares, unless terminated earlier, in our sole discretion. The minimum investment is 500 shares, or $1000. The maximum number of shares to be sold in this offering is 2,500,000 shares.
“The offering is made in reliance upon an exemption from registration under the federal securities laws provided by Section 4(a)(2) of the Securities Act of 1933, as amended, the “Securities Act”, and Rule 504 of Regulation D as promulgated by the United States Securities and Exchange Commission, the “SEC” or the “Commission”, under the Securities Act of 1933. There is currently no public market for our common stock.
“Securities are sold to any number and type of investor, and the issuer is not subject to specific disclosure requirement”, as defined in Rule 504 of the Securities Act,” the statement said.
However, the shares offered by Fatherland in the Private Placement Memorandum have neither been registered with nor approved by the United States Securities and Exchange Commission. They also have not been filed with nor reviewed by the Attorney General of any state nor the security regulatory authorities of ant state.
“This offering is based on the exemption from such registration as set forth in rule 504 of Regulation of the Securities Act of 1933, as amended.
“Investment in the Company’s securities involves significant risks and is suitable only for persons of adequate financial means who have no need for liquidity with respect to this investment and who can bear the economic risk of a complete loss of their investment,” the company announced.
Fatherland advised each prospective purchaser of the securities to consult their own tax advisors as to the consequences of purchasing, holding, and disposing of the securities, including, without limitation, the application of U.S. federal tax laws to their situations, as well as any consequences to them under the laws of any other taxing jurisdiction as the corporation has not registered any securities under the Securities Act of 1933, as amended, or any state securities laws.
“We offer these securities in reliance on certain exemptions from registration contained in the Securities Act and applicable state laws. As a consequence, purchasers may not sell these securities unless they are subsequently registered under the Securities Act and applicable state laws or an exemption from such registration is available. Accordingly, any purchaser must bear the economic risk of investment in these shares for an indefinite period of time,” they added.
The statement further stated that each investor must acquire the shares of the common stock for his own account and not for the account of others, for investment purposes only and not with a view to, or for resale, distribution, or fractionalization thereof.
Before the corporation can accept any subscription, each prospective investor must represent, by completing and signing the Subscription Agreement attached to this Memorandum and having his representative or representatives, if any, complete a Purchaser Representative Questionnaire.
The Securities are being offered through officers, directors, and employees of the Company to a select group of investors, who meet the suitability standards set forth under Suitability Standards.
They have agreed to make available to each prospective investor, prior to the sale of securities, the opportunity to ask questions of, and receive answers from, the Company’s officers concerning the terms and conditions of the Offering and to obtain additional information, to the extent Fatherland Global Corporation possess such information or can acquire it without unreasonable effort or expense, which may be necessary to verify the accuracy of the information set forth herein.
Any Investor who wishes to purchase shares of the Common Stock should deliver the One dated and executed Subscription Agreement and Prospective Purchaser Questionnaire; Payment of the subscription amount by check payable to Fatherland Global Corporation Subscribers for its’ Common Stock must meet investor suitability standards and a receipt of the completed subscription documents and check or wire transfer.
If subscription is accepted, a confirmation will be sent prior to closing. And if, for any reason, a subscription is rejected, the funds and a copy of the subscription documents will be returned immediately. Fatherland Global Corporation may reject a subscription for any reason in their sole discretion.
