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LQwD Fintech Corp. Appoints Alex P. Guidi as Director and Announces Non-Brokered Private Placement
LQwD Fintech Corp. Appoints Alex P. Guidi as Director and Announces Non-Brokered Private Placemen...
About this update from Lqwd Technologies Corp
[{"type":"text","content":"\n \n \n \n LQwD Fintech Corp. Appoints Alex P. Guidi as Director and Announces Non-Brokered Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 5, 2023\n \n \n /CNW/ - LQwD Fintech Corp. (TSXV: LQWD) (OTC: LQWDF) is pleased to announce the appointment of\n \n Alex P. Guidi\n \n as an independent director of the Company. The board of directors now consists of Shone Anstey,\n \n Ashley Garnot\n \n ,\n \n Pino Perone\n \n ,\n \n Kim Evans\n \n and\n \n Alex P. Guidi\n \n .\n \n \n Mr. Guidi is an experienced public company executive, investor, and successful venture capitalist. At age 26, Alex founded and was principal shareholder in a group of highly successful senior board-listed companies, known as the IREMCO Group of Companies. Under his leadership from 1986 to 2012, the IREMCO group became among the fastest growing international exploration, development, and production enterprises globally. Currently, the IREMCO Group is a privately held investment corporation.\n \n \n In conjunction with Mr. Guidi's board appointment, LQwD will complete a non-brokered private placement of 468,750 units of the Company (each a \"Unit\") at a price of\n \n $0.64\n \n per Unit for aggregate gross proceeds of\n \n $300,000\n \n (the \"Private Placement\"). Each Unit will consist of 1 common share of the Company and 1 common share purchase warrant, with each warrant exercisable for 1 common share at an exercise price of\n \n $0.85\n \n per common share at any time up to 36 months following the closing date of the Private Placement.\n \n \n The Private Placement will be fully subscribed by Mr. Guidi, a director of the Company. Accordingly, the participation of Mr. Guidi in the Private Placement constitutes a related party transaction under Multilateral Instrument 61-101 -\n \n Protection of Minority Security Holders in Special Transactions\n \n (\"MI 61-101\"). The Company is exempt from the formal valuation and minority approval requirement under MI 61-101 as the fair market value of Mr...