LQWD Technologies Announces Private Placement to Boost Bitcoin Lightning Network

VANCOUVER, BC - LQWD Technologies Corp. (TSXV:LQWD)(OTCQB:LQWDF) revealed its plan for a non-brokered private placement of up to 1.5 million units at $0.65 per unit, aiming to raise CDN$975,000. Each unit includes one common share and half a common share purchase warrant, exercisable at $0.90 up to 18 months post-closing.

The company can expedite warrant expiry if the average trading price exceeds $1.25 for 20 consecutive days. Proceeds will fund LQWD's Lightning Network expansion and general operations. The placement's completion depends on regulatory approvals, including TSXV acceptance.

Existing shareholders, directors, and management are expected to participate, with a possible finder's fee of up to 5%. The announcement highlights LQWD's commitment to enhancing its Bitcoin Lightning Network operations.