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LQwD Fintech Corp. Closes Non-Brokered Private Placement
LQwD Fintech Corp. Closes Non-Brokered Private Placement Canada NewsWire VA...
About this update from Lqwd Technologies Corp
[{"type":"text","content":"\n \n \n \n LQwD Fintech Corp. Closes 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 26, 2023\n \n \n /CNW/ - LQwD Fintech Corp. (TSXV: LQWD) (OTC: LQWDF) is pleased to announce that it has closed its previously announced non-brokered private placement financing of\n \n $300,000\n \n (the \"Private Placement\"), originally announced on\n \n April 5, 2022\n \n .\n \n \n Under the Private Placement, LQwD has issued an aggregate 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 . Each Unit is comprised of 1 common share of the Company and 1 common share purchase warrant, with each warrant being 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. The common shares and warrants issued pursuant to the Private Placement, as well as the common shares issuable upon exercise of the warrants, if any, are subject to a statutory hold period of 4 months and a day ending on\n \n August 27, 2023\n \n , in accordance with applicable securities law.\n \n \n The net proceeds from the Private Placement will be used, but are not limited to, continuing to expand LQwD's Lightning Network business and general working capital purposes.\n \n \n The Company did not pay finder's fees in connection with the Private Placement.\n \n \n \n Alex Guidi\n \n is an insider of the Company, as a non-executive director of the Company, and holds 9.34% of the Common Shares of the Company on a partially diluted basis.\n \n \n Mr. Guidi participated in the Private Placement by purchasing 468,750 Units for an aggregate subscription price of\n \n $300,000\n \n , and, accordingly, the Private Placement constitutes a \"related party transaction\" for the Company within the meaning of Multilateral Instrument 61-101 -\n \n Protection of Minority Security Holders in Special Transactions\n \n (\"MI 61-...