Liquid Avatar Announces Closing of CAD$2.7 Million Private Placement with Institutional Investors – Liquid Avatar Technologies
Summary
Toronto, Ontario, Canada – August 27, 2021 – Liquid Avatar Technologies Inc. (CSE: LQID / OTC:LQAVF / FRA:4T51) (“Liquid Avatar Technologies” or the “Company”), a global blockchain, digital identity and fintech solutions company, is pleased to announce that it has closed its previously announced private placement of its common shares (“Common Shares”) and warrants to purchase Common Shares (“Warrants”) with institutional investors for gross proceeds of CAD$2.7 million (the “Private Placement”). H.C. Wainwright & Co. received a cash commission equal to 8.0% of the gross proceeds of the Private Placement and Warrants to purchase up to 1,920,000 Common Shares at an exercise price of CDN$0.15 for a period of 5 years following the issuance date. The Company is currently exploring expansion of the KABN Visa Card program to other geographic regions, including the USA. The Company’s subsidiary, Oasis Digital Studios, is a creative and development agency that supports a wide range of artists, talent, and enterprises with Non-Fungible Token (NFT) solutions. This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995.