LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a Bitcoin Lightning Network service provider, has closed on its previously announced nonbrokered private placement. The placement resulted in $650,0000 gross proceeds for the company. According to the announcement, the private placement called for LQwD to issue 1,625,000 units at $0.40 per unit. Each unit is comprised of one common share and one common share purchase warrant; each warrant is exercisable for one common share at an exercise price of $0.60 per common share any time up to 24 months following the closing of the private placement. The announcement noted that the company did not pay finder’s fees. In addition, the announcement reported that LQwD CEO and director Shone Anstey, who holds 7.32% of the common shares of the company on a partially diluted basis, participated in the private placement by purchasing 62,500 units while Alex Guidi, also a director who holds 8.14% of the common shares of the company on a partially diluted basis, participated in the private placement by purchasing 325,000 units.
To view the full press release, visit https://ibn.fm/Ys7wz
About LQwD Fintech Corp.
LQwD is a Lightning Network liquidity provider focused on developing payment infrastructure and solutions accelerating the global megatrend of Bitcoin adoption through the Lightning Network. LQwD also owns Bitcoin that is used as an operating asset establishing nodes and payment channels on the Lightning Network. For more information, please visit www.LQwDFintech.com.
NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ibn.fm/LQWDF
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