Link Global Technologies Announces $800,000 Non-brokered Private Placement of Units and Debt Conversion

February 18, 2020
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VANCOUVER,BC, CANADA, FEBRUARY 18, 2020, LINK GLOBAL TECHNOLOGIES INC. (CSE: LNK; FRA: LGT; OTC: LGLOF) (“LINK” or the “Company”) is pleased to announce a non-brokered private placement of up to 2,500,000 units (each, a “Unit”) at a price of $0.32 per Unit for gross proceeds of up to $800,000 (the “Offering”). Each Unit will consist of one common share of the Company (each, a “Share”)and one-half of one common share purchase warrant (each whole warrant, a “Warrant”), with each Warrant entitling the holder to purchase one Share at a price of$0.64 per Share for a period of two years following the closing of the Offering.

The Company intends to use the proceeds from the Offering for: (i) securing low cost power sites for cryptocurrency mining operations; (ii) purchase of new cryptocurrency processors; and (iii)general working capital.

The Company also announces its intent to settle outstanding debt owed by it of $366,640, in exchange for the issuance of 1,145,752 Units at a deemed price of $0.32 per Unit (the “Debt Settlement”).

All securities issued in connection with the Offering and the Debt Settlement will be subject to a statutory hold period expiring four months and one day after the closing of the Offering and the Debt Settlement, as applicable. Completion of the Offering and the Debt Settlement are subject to the approval of the Canadian Securities Exchange (the “Exchange”).Any participation by insiders in the Offering and/or the Debt Settlement will constitute a related party transaction under Multilateral Instrument 61-101 -Protection of Minority Security Holders in Special Transactions (“MI 61-101”)but is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

None of the securities sold in connection with the Offering or issued in connection with the Debt Settlement will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Advisory Board

The Company is also pleased to announce the appointment of Mr. Dominic Vogel and Mr. Michael Vogel to its Advisory Board. The Advisory Board provides strategic advice on the direction of the Company, advising and assisting with business development by and for the Company, and facilitating introductions between the Company and third parties who may be in a position to assist in furthering the goals of the Company.

Mr. Dominic Vogel

Mr. Dominic Vogel is the Founder & Chief Strategist of Cyber.SC, a company specializing in providing cyber security management and expertise to financial services companies and law firms. Mr. Dominic Vogel has presented at Bright TALK Security Summits, MISA Spring Conference, Cyber Security Summit West, Blancco Security Days, NYIT Cyber Security Symposium, Calgary Cyber Security Congress, Youth Achieving Success,Delta Chamber of Commerce, Vancouver Enterprise Forum, Vancouver Sec SIG,Vancouver ISACA, BC Aware Day, Launch Academy, Startup Canada (Startup Chats),World Mining Summit, ISACA CSX North America, Business-in-Vancouver Digital Privacy & Security Series, RSA Conference, and Info Sec World.  

Mr. Dominic Vogel focuses much of his energy on providing strategic security leadership to technology start-ups and small/midsize businesses to solve their cyber risk challenges. Mr. Dominic Vogel strives to provide practical cyber security advice to his clients and actively turning the security consulting world upside down.

Mr. Michael Vogel

Mr. Michael Vogel is an entrepreneur and engineer with an extensive track record of founding, advising and leading high-growth businesses in disruptive sectors. Mr. Michael Vogel, a crypto-pioneer, has been interviewed in both Canadian and international media, and is regularly called on as a thought leader in the crypto industry.

Mr. Michael Vogel’s specialty is hyper-growth startups, innovating new products from concept to delivery, and from startup to profitable company. He has designed and launched both hardware and software products. Mr. Michael Vogel's latest brands include ENCORE and Coinstream. In 2014, Mr. Michael Vogel founded Netcoins, served as its first CEO & CTO and bootstrapped the company from$0 to almost $20 million of sales revenue until it was publicly listed. During Mr. Michael Vogel’s involvement Netcoins continued to grow to over $125 million in lifetime sales. Formerly he was also a delegate selected by the US State Department to represent Canada at the Global Entrepreneurship Summit in Stanford, California.  Mr. Michael Vogel is a graduate of Simon Fraser University in Electronics and Systems Engineering.

Mr. Steve Jenkins, Link CEO, commented, “The Company is very pleased with the injection of another round of strategic financing, and appreciates the continued support of its shareholders. Having access to the right capital is timely as Link continues to build infrastructure to support mining operations in low cost power environments.”

Mr. Jenkins further commented, “We are also excited to have Dominic and Michael Vogel join the Company as special advisors.  Dominic and Michael are pioneers in both the cyber security and crypto communities, and we look forward to building a fruitful working relationship with them.”

About Link Global Technologies Inc.

Link is engaged in the business of providing infrastructure and operating expertise for digital mining operations. Link's objectives include locating and securing, for lease and option to purchase, properties with access to low-cost reliable power and deploying this low-cost power to conduct digital mining and supply energy and infrastructure for other data-hosting services.

On behalf of Link Global Technologies Inc.

Robert Pirooz

Chairman


For more information visit http://linkglobal.io/ or contact:

Steve Jenkins

steve@linkglobal.io

+1-877-770-6545

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION. This news release contains “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward looking statements consist of statements that are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “forecast”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes”, or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “would”, “could”, “should” or “might” occur. Forward-looking statements made in this news release relate to: the Company’s intent to obtain and close financing on the proposed terms outlined in this news release, the size and timing of completion of the private placement and debt conversion, the intended use of the net proceeds from the financing, the Company’s ability to secure low cost and usable power for the purpose of digital currency miming, completion of plans for procuring digital currency mining machines; and other matters relating to the Company’s business plans.

All such forward-looking statements are based on the reasonable beliefs, expectations and opinions of the relevant management as of the date such statements are made; and are subject to risks, uncertainties, assumptions and other factors that may cause actual results, performance or developments to differ materially from those contained in the statements, including risks related to factors beyond the control of the Company. In the case of the Company, these risks, uncertainties, assumptions and other factors include, without limitation, fluctuations in the price of digital currencies/bitcoin, the future potential halving of bitcoin, increases in the network difficulty rate and price of digital currencies/bitcoin, negative changes in the level of digital currency/bitcoin rewards per block, plans related to the Company’s business and potential customer base, the securing of economic rates for the purchase of power, the opportunities for acquiring digital currency mining hardware, and other matters that may occur in the future. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For a complete discussion with respect to the Company and the risks associated with forward-looking statements, please refer to the Company’s financial statements and related MD&A, as well as other documents filed from time to time with the Canadian Securities Exchange, the British Columbia Securities Commission and that Alberta Securities Commission, which are filed on SEDAR at www.sedar.com.