LQwD Fintech Corp. Appoints Alex P. Guidi as Director and Announces Non-Brokered Private Placement
Summary
The board of directors now consists of Shone Anstey, Ashley Garnot, Pino Perone, Kim Evans and Alex P. Guidi.Mr. Under his leadership from 1986 to 2012, the IREMCO group became among the fastest growing international exploration, development, and production enterprises globally. The Company is exempt from the formal valuation and minority approval requirement under MI 61-101 as the fair market value of Mr. Guidis participation in the Private Placement does not exceed more than 25% of the market capitalization of the Company, as set forth in Sections 5.5(a) and 5.7(1)(a) of MI 61-101.The net proceeds from the Private Placement are intended to be used, but are not limited to, continuing to expand LQwDs Lightning Network business and general working capital purposes. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. The statements in this press release are made as of the date of this press release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.