December 8, 2009 (FinancialWire) — FNDS3000 Corp (OTCBB: FDTC) said it has closed the second closing of a non-brokered private placement financing agreement in which the company raised a total of $1.8 million through the issuance of its common stock and warrants to Sherington Holdings, LLC and Other Investors.

In addition to the proceeds of the financing, the company extended its mobile banking initiative for which a company associated to Sherington is contributing significant services.

The closing took place on November 30. Together with the first closing the financing aggregated to a sale of 10,540,000 shares of common stock at $0.15 per share to Sherington for total cash funds received by the company of $1,581,000. In addition a company associated with Sherington is providing specialist services to enhance mobile banking capabilities which the parties have valued at $250,000.

FNDS3000 said it also sold 1,251,428 shares of common stock at $0.175 per share to other investors for total funds received by the company of $219,000. For each share purchased by both groups of accredited investors, they will receive a warrant to purchase one share of the company’s common stock exercisable at $0.175 per share for 24 months from the date of the second closing. Other Investors included members of our management team, who are also directors of the company, along with other existing investors.

Florida-based FNDS3000 is a financial transaction processing service company.

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