Link Global Technologies Announces $800,000 Non-Brokered Private Placement of Units

  

Currency is in Canadian dollars unless specified otherwise

 

VANCOUVER, BC, CANADA, DECEMBER 23, 2020, LINK GLOBAL TECHNOLOGIES INC. LNK (FRA:LGT) LGLOF (CNSX;LNK.CN) ("LINK" or the "Company") an innovative power and infrastructure solutions provider for Bitcoin mining and data hosting operations, is pleased to announce a non-brokered private placement of up to 2,285,714 units (each, a "Unit") at a price of $0.35 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 $0.50 per Share for a period of eighteen (18) months following the closing of the Offering.

The Company intends to use the proceeds from the Offering 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 contract to its clients which include Bitcoin miners and data hosting operations.  

  - Marketing and general working capital.

All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after the closing of the Offering. Completion of the Offering and the are subject to the approval of the Canadian Securities Exchange (the "Exchange"). Any participation by insiders in the Offering 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 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.

Mr. Stephen Jenkins, Link CEO, commented, "We are very pleased with the injection of another round of strategic financing, and we appreciate the continued support of Link's shareholders. Having access to capital is timely as Link continues to build infrastructure to support mining operations in low-cost power environments. We are doing good things and this capital supports our market awareness efforts, which will help communicate our story to a wider global audience."

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.

Stephen Jenkins

Chief Executive Officer

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

Steve Jenkins

steve@linkglobal.io

+1-877-770-6545

Investors, please contact:

info@linkglobal.io

+1-833-707-8708

 

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 Offering, the intended use of the net proceeds from the Offering, 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, the inability of the Company to complete the Offering at all or on the terms announced, 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.

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