VANCOUVER, BC, Nov. 14,
2022 /CNW/ - LQwD Fintech Corp. (TSXV: LQWD) (OTC:
LQWDF) announces that the TSX Venture Exchange (the "TSX-V") has
approved the previously announced on November 7, 2022, share consolidation of the
outstanding share capital of the Company's common shares on the
basis of ten (10) pre-Consolidation common shares for one (1)
post-Consolidation common share (the "Consolidation").
The Consolidation became effective at the open of the market
today (the "Effective Date"). The Company will not change its name
as part of the Consolidation but will issue new share certificates
under a new CUSIP number, which is 50213W305, ISIN:
CA50213W3057. The Company's common shares will continue to
trade on the TSX-V under its current symbol, "LQWD".
As at the Effective Date, the Company will have approximately
9,777,430 post-Consolidated common shares issued and
outstanding.
About LQwD
LQwD is a Lightning Network Service Provider (LSP) focused on
developing payment infrastructure and solutions accelerating the
global mega trend of Bitcoin adoption through the
Lightning Network. The Company's mission is to develop
institutional grade services that support the Lightning Network and
drive improved functionality, transaction capability, user adoption
and utility and scaling Bitcoin. LQwD also holds
Bitcoin that is used as an operating asset
establishing nodes and payment channels on the Lightning
Network.
Website: www.lqwdfintech.com
Forward-Looking Statements
This news release contains "forward-looking information"
within the meaning of applicable securities laws relating to the
Company's business plans and the outlook of the Company's industry.
Although the Company believes, considering the experience of its
officers and directors, current conditions and expected future
developments and other factors that have been considered
appropriate, that the expectations reflected in this
forward-looking information are reasonable, undue reliance should
not be placed on them because the Company can give no assurance
that they will prove to be correct. Actual results and developments
may differ materially from those contemplated by these statements.
The statements in this press release are made as of the date of
this release and the Company assumes no responsibility to update
them or revise them to reflect new events or circumstances other
than as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE LQwD FinTech Corp.