Stocks in Play: LiteLink Technologies Inc. - InvestingChannel

Stocks in Play: LiteLink Technologies Inc.

Wednesday, January 27, 2021

10:44 AM EST – LiteLink Technologies Inc. : Announced that it has signed a Letter of Intent (the “LOI”) to complete an equity investment in CatalX Exchange Inc., Canada’s premier cryptocurrency exchange with over 40+ Altcoins available for purchase on CatalX.io. The proposed equity investment will be satisfied through the issuance of 37,500,000 common shares of LiteLink to CatalX and a cash payment to CatalX of C$500,000 , and would result in LiteLink having ownership and control over 19% of the outstanding share capital of CatalX. In conjunction with closing of the investment, LiteLink will also pay a finder’s fee to an arm’s length party of 1,875,000 common shares of LiteLink. All securities issued in connection with the investment in CatalX will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities law. “We are very excited to make this investment into CatalX, Canada’s leading cryptocurrency exchange, and gaining a stake in the expanding cryptocurrency market,” said LiteLink CEO Peter Green. “CatalX has had an outstanding year and continues to grow. In January 2021 alone, the company experienced 80% growth in new registrations quarter-over-quarter and has already clocked in $1.05 million in deposits in the first 21 days of January. LiteLink Technologies Inc. (C.LLT) shares were off 3.70 percent at 0.13.

Stocks in Play: LiteLink Technologies Inc., Wed, 27 Jan 2021 11:00:02 EST