Vancouver, British Columbia--(Newsfile Corp. - August 31, 2018) - Upco International Inc. (CSE: UPCO) (OTC Pink: UCCPF) (FSE:
U06) ("Upco") is pleased to announce it has closed the final tranche of the previously announced financing to raise up to $2.5
million at $0.20 per share and issue up to 12,500,000 shares of the Company. Pursuant to the final tranche, Upco has issued
2,640,840 shares at $0.20 per share for gross proceeds of $528,168. The Proceeds will be used for general working capital. All the
shares issued will have a 4 month hold.
Coserfi SRL is a control person of Upco and they invested $528,168 for 2,640,840 shares. The private placement constitutes a
related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special
Transactions ("MI 61-101"). Upco is relying on the exemptions contained in sections 5.5(a) and section 5.7(1)(a) as the fair market
value of the participation in the private placement by the control person does not exceed 25 per cent of the market capitalization
of Upco, as determined in accordance with MI 61-101. Upco's board of directors and specifically the independent members of the
board carefully reviewed and approved the private placement subscriptions by the control person.
About Upco International Inc.
Upco International Inc. is a cloud-based mobile service company which provides high-quality voice termination to a market driven
by the growing activity in online communications and commerce. Upco is a licensed Global Telecom Carrier within the international
VoIP (voice over IP) wholesale business. Upco has designed a software application for Apple iOS and Android, similar to SKYPE and
WhatsApp. With the forthcoming addition of the Upco E-Wallet using Blockchain Payment Services, users will be able to: send
invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments.
www.upcointernational.com
ON BEHALF OF THE BOARD OF DIRECTORS
Andrea Pagani, CEO and Director
office@upcointernational.com
212-461-3676
Forward-Looking Statements
This press release contains forward-looking information or forward-looking statements (collectively "forward- looking
information") within the meaning of applicable securities laws. Forward- looking information is typically identified by words such
as: "will" "may" "believe", "expect", "anticipate", "intend", "estimate", "development", "forthcoming", "potentially" and similar
expressions, or are those, which, by their nature, refer to future events. Upco cautions investors that any forward-looking
information provided by Upco is not a guarantee of future results or performance.
