Lynx Closes Private Placement
Lynx Closes Private Placement
Vancouver, British Columbia --(Newsfile Corp. – August 2 5, 2021) – Lynx Global Digital Finance
Corporation (CSE: LYNX) ("Lynx" or the "Company") is pleased to announce that it has completed the first
tranche of a non-brokered private placement (the "Offering"). In connection with the closing of the Offering,
the Company issued an aggregate of 5,841,100 units (the " Units") at a price of CDN$0.25 per Unit for
gross proceeds of CDN$1,460,275. Each Unit consists of one common share in the capital of the
Company (a "Share") and one whole transferable common share purchase warrant (a "Warrant"). Each
whole Warrant is exercisable to acquire one Share at an exercise price of CDN$0.50 per Share until August
24, 2023.
Lynx intends to use the net proceeds of the Offering for development of the Company’s business and
general working capital.
The securities issued under the Offering, and any Shares that may be issuable on exercise of any such
securities, will be subject to a statutory hold period expiring December 25, 2021.
ABOUT LYNX DIGITAL GLOBAL FINANCE
Lynx seeks to become a leader in financial technology, solutions, and services for large -scale merchants,
financial institutions and other B2B industry partners by way of integration to the Lynx digital payment
platform. The Company's payment solutions are powered by a broad suite of payment technologies and
services. The Company has targeted banking and fintech relationships in ASEAN and Oceania, a region with
a population approaching 700 million, that can provide Lynx a financial network hub location to service and
operate a global traditional and digital financial infrastructure. By working with selected ban king and/or
licensed EMI partners, the Company will be able to offer a digital payment platform with a full suite of payment
solutions, which may include merchant acquiring solutions; card issuing; remittance and forex; and custodial
digital asset services , including digital wallet services. The Company seeks organic growth while
investigating potential strategic acquisitions that may contribute critical technology applications, additional
services, and revenue streams, and that can complement or enhance ex isting offerings and potentially
increase or expedite the path to future profitability. While Lynx believes that significant near -term
opportunities exist for the Company's strategic initiatives, there can be no assurance that goals and
objectives will be reached or that any such underlying efforts or agreements will provide successful or positive
outcomes should they be implemented.
For more information, please contact:
Michael Penner, CEO
(604) 396-9974
www.lynxglobal.io
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities
laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is available.
Cautionary Statement Regarding Forward-Looking Information
Certain information contained in this news release constitutes "forward-looking information" or "forward-looking statements" (collectively, "forward-
looking information"). Without limiting the foregoing, such forward-looking information includes statements regarding the process and completion
of the Offering, the use of proceeds of the Offering and any statements regarding the Company's business plans, expectations and objectives. In
this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar
words and the negative form thereof are used to identify forward-looking information. Forward looking information should not be read as guarantees
of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance
will be achieved. Forward-looking information is based on information available at the time and/or the Company management's good faith belief
with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which
are beyond the Company's control. For additional information with respect to these and other factors and assumptions underlying the forward-
looking information made in this news release, see the Company's most recent Management's Discussion and Analysis and financial statements
and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such
documents are available at www.sedar.com under the Company's profile and on the Company's website, https://lynxglobal.io. The forward-
looking information set forth herein reflects the Company's expectations as at the date of this news release and is subject to change after such
date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise, other than as required by law.