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

About InvestorWire

InvestorWire (“IW”) is a specialized communications platform with a focus on advanced wire-grade press release syndication for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, IW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, IW brings its clients unparalleled recognition and brand awareness. IW is where breaking news, insightful content and actionable information converge.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorWire website applicable to all content provided by IW, wherever published or re-published: https://www.InvestorWire.com/Disclaimer

InvestorWire
Los Angeles, CA
www.InvestorWire.com
310.299.1717 Office
Editor@InvestorWire.com

InvestorWire is powered by IBN