Saturday, February 27, 2021
Only Bitcoin Market News
Advertisement
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Link Global Technologies Announces Closing CAD $1,314,798 Oversubscribed Non-Brokered

1 week ago
in Private
2 min read
Bitcoin Group SE with strong start into 2021- Integration of Bitcoin Deutschland AG
Share on FacebookShare on Twitter


VANCOUVER, BC / ACCESSWIRE / February 17, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK; FRA:LGT; OTC PINK:LGLOF) (“LINK” or the “Company”), an innovative power and infrastructure solutions provider for Bitcoin mining and data hosting operations, is pleased to announce the closing of its non-brokered private placement (the “Financing“) previously announced onFebruary 10, 2021, by issuing 2,191,329 units (each, a “Unit“) at a price of CAD $0.60 per Unit for the total gross proceeds of CAD $1,314,798. Each Unit consists of one common share of the Company (each, a “Share“) and one-half of one transferable common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant entitles the holder to purchase one additional Share at a price of CAD $0.90 per Share for a period of 19 months from the date of closing of the Financing. The Company also announces it has extinguished debt in the amount of $12,600 owed by the company to arms’ length third party vendors, in exchange for the issuance of 21,000 Units.

The Company paid finders’ fees of CAD $49,056 and issued 81,760 finders’ warrants, each of which entitles the holder to purchase one Share at a price of CAD $0.90 for 19 months from the date of closing of the Financing. All securities issued in the Financing are subject to a four-month hold period expiring June 18, 2021.

Link intends to use the net proceeds from the Financing for:

  • The commissioning of new 10 Megawatt (MW) power sites in Alberta. Link is generating power from dormant and stranded natural gas assets, and supplying this power via fixed-price contracts to its clients, which include Bitcoin miners and data hosting operations. This site will generate an additional revenue of USD $350,000 per month for Link, as previously announced in a press release dated January 4, 2021.

  • Marketing and general working capital purposes.

Link President and Chief Executive Officer Stephen Jenkins commented, “We are very pleased with the level of interest in Link’s latest financing, and we appreciate the support from our new and existing shareholders. We are executing on our business plan as previously outlined in March 2020, and have since secured over 20 Megawatts (MW) of power-generating assets, of which 8.75 MW has been in operation since 2020, generating revenues in excess of USD $1.5 million (unaudited) for the Company. Along with hosting of machines we begin to mobilize our own fleet of mining machines to self-mine for Bitcoin, with the added advantage of leveraging our growing supply of low-cost, reliable power, generated from dormant and stranded natural gas assets. Link has substantial experience in operating crypto mining machines and the Company looks forward to commencing its Bitcoin mining operations on February 21, 2021.”

None of the securities acquired in connection with the Financing 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…



Read more:Link Global Technologies Announces Closing CAD $1,314,798 Oversubscribed Non-Brokered

Related articles

Bitcoin Group SE with strong start into 2021- Integration of Bitcoin Deutschland AG

Mexico’s Vitro says will use $75 million loan in U.S. to pay off debt

February 27, 2021
ICE investigators used a private utility database covering millions to pursue

ICE investigators used a private utility database covering millions to pursue

February 27, 2021
Tags: Announcesbitcoin news todayCADClosingGlobalLINKNonBrokeredOversubscribedTechnologies

Related Posts

Bitcoin Group SE with strong start into 2021- Integration of Bitcoin Deutschland AG

Mexico’s Vitro says will use $75 million loan in U.S. to pay off debt

by Bitcoin Market
February 27, 2021
0

BloombergCitigroup Restates Earnings After Writing Down Revlon Loan(Bloomberg) -- Citigroup Inc. restated fourth-quarter results after writing down a portion...

ICE investigators used a private utility database covering millions to pursue

ICE investigators used a private utility database covering millions to pursue

by Bitcoin Market
February 27, 2021
0

The database, CLEAR, includes more than 400 million names, addresses and service records from more than 80 utility companies...

Argo Blockchain Installs 4,500 Crypto Mining Machines From Celsius Network

Argo Blockchain Installs 4,500 Crypto Mining Machines From Celsius Network

by Bitcoin Market
February 26, 2021
0

BloombergPowell Is Patient But Markets Aren’t, Challenging New Fed Policy(Bloomberg) -- After Federal Reserve Chair Jerome Powell spent two...

Business this week

Business this week

by Bitcoin Market
February 26, 2021
0

Feb 27th 2021Listen to this storyYour browser does not support the element.Enjoy more audio and podcasts on iOS or...

IT News Online – Link Global Signs Binding LOI for Electrical Cost Reducing

by Bitcoin Market
February 25, 2021
0

VANCOUVER, BC / ACCESSWIRE / February 25, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK)(FRA:LGT)(OTC PINK:LGLOF) ("LINK" or the "Company"),...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
Bitcoin boom backstopped by central banks’ easy-money policies

Bitcoin boom backstopped by central banks’ easy-money policies

February 4, 2021
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
ETC Group’s bitcoin ETP reaches $1bn AUM in just eight months, which is ‘just the

ETC Group’s bitcoin ETP reaches $1bn AUM in just eight months, which is ‘just the

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
ETC Group’s bitcoin ETP reaches $1bn AUM in just eight months, which is ‘just the

ETC Group’s bitcoin ETP reaches $1bn AUM in just eight months, which is ‘just the

February 27, 2021
Bitcoin Group SE with strong start into 2021- Integration of Bitcoin Deutschland AG

Mexico’s Vitro says will use $75 million loan in U.S. to pay off debt

February 27, 2021
Top Crypto News: 02/27 – Cryptocurrency News – Altcoin Buzz

Top Crypto News: 02/27 – Cryptocurrency News – Altcoin Buzz

February 27, 2021
Cardano’s ADA Is Now the Third-Largest Cryptocurrency by Market Cap

Cardano’s ADA Is Now the Third-Largest Cryptocurrency by Market Cap

February 27, 2021
Bitcoin Price Forecast: Buyers make sure that price stays above $9,000 following

Bitcoin Price Analysis: BTC could try to reclaim $50K as selloff loses momentum at

February 27, 2021
Investment Firm Launches the First ‘Crypto Hedge Fund’ in Spain- Plans to Expand

Investment Firm Launches the First ‘Crypto Hedge Fund’ in Spain- Plans to Expand

February 27, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • investors
  • Technical
  • Crash
  • spam
  • stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$47,669.003.05%
  • bitcoin-cashBitcoin Cash(BCH)$497.133.38%
  • binance-coinBinance Coin(BNB)$231.223.25%
  • bitcoin-goldBitcoin Gold(BTG)$27.096.91%
  • bitcoin-privateBitcoin Private(BTCP)$0.7412.36%
  • blocktixBlocktix(TIX)$0.0200.00%