LQwD Provides Update on Investor Relations Activities
VANCOUVER, BC, March 3, 2022 /CNW/ – LQwD FinTech Corp. (TSXV: LQWD) (OTC: LQWDF) announces that it has terminated its Investor Relations Agreement with Maynard Communications Limited (“Maynard”), effective immediately, as the Company was unable to receive the approval of the agreement by the TSX Venture Exchange.
As announced on November 5, 2021the Company entered into an agreement with Maynard dated November 4, 2021, for the provision of various business communication services. The commitment was for an overall cost of C$740,000which the Company specifies was paid in advance on November 9, 2021, for a period of six (6) months. In addition, Maynard participated in the Company’s prospectus offering, purchasing 2.1 million units at CA$0.35 per unit, which closed the October 28, 2021. The Company requested the immediate reimbursement of CA$635,000 of Maynard for services not yet provided.
LQwD is a Lightning Network Service Provider (LSP) focused on developing infrastructure and payment solutions accelerating the global mega trend of Bitcoin adoption through the Lightning Network. The company’s mission is to develop institutional-grade services that support the Lightning Network and improve Bitcoin’s functionality, transaction capacity, user adoption, and utility and scale. LQwD also owns and acquires Bitcoin as an operating asset establishing nodes and payment channels on the Lightning Network.
This press release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and the Company’s industry outlook. Although the Company believes, based on the experience of its officers and directors, current conditions and expected future developments and other factors which have been deemed appropriate, that the expectations reflected in such forward-looking information are reasonable, it does not should not rely on it unduly. as the Company cannot guarantee that they will prove to be accurate. Actual results and developments may differ materially from those contemplated by such statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update or revise them to reflect new events or circumstances other than those required by securities laws. applicable securities.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCELQwD FinTech Corp.
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