Vancouver, BC – November 13, 2019, Link Global Technologies Inc. (“Link” or the “Company”) (CSE: LNK) is pleased to announce it has successfully completed its initial public offering (“IPO”) of 5,000,000 common shares in the capital of the Company (each, a “Share”) at a price of $0.30 per Share for total gross proceeds of $1,500,000.
Leede Jones Gable Inc. acted as agent (the “Agent”) for the IPO. The Company paid the Agent a cash commission of $135,000 and granted the Agent 450,000 agent’s options, each of which entitles the holder thereof to purchase one Share at a price of $0.30 per Share until November 13, 2021. The board of directors of Link consists of Robert Pirooz, Stephen Jenkins and Kevin Ma. The Company’s common shares were listed on the Canadian Securities Exchange (the “CSE”) effective November 12, 2019 and will begin trading on November 15, 2019 under the symbol “LNK”.
Link is engaged in the business of providing infrastructure and operating expertise for digital mining operations and the provision of services, 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 to supply energy and infrastructure for other data hosting services. Link is headquartered in Vancouver, British Columbia and carries out operations in Boardman, Oregon, USA and Beaver Falls, British Columbia.
ON BEHALF OF THE BOARD
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 includes certain “forward‐looking statements” under applicable Canadian securities legislation. Forward‐looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to the Shares commencing trading on the CSE on November 15, 2019 under the symbol LNK. Such statements are subject to risks and uncertainties 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. 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.
This news release does not constitute an offer to sell or 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 a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.