Lightning Network focused company, LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) is pleased to provide the following corporate highlights since the Company completed the acquisition of LQwD Financial Corp. on June 9, 2021:

• advances in the development of the Lightning Network SaaS platform having achieved the milestone of establishing LSP services, payment channels and watchtowers, as well as launching beta testing of the platform;
• adding highly qualified engineers and strategic advisors to the team, including: Joost Jager, a Lightning Infrastructure Engineer with a M.Sc. in CS and specialization in artificial intelligence; and Roy Sheinfeld, co-founder and CEO of Breez Technology Inc., a privately-held company that combines an LSP, point-of-sale app for merchants, and non-custodial end-user app;
• the cumulative purchase of over C$3 million worth of Bitcoin at an average price of C$46,000;
• filed a preliminary short form base shelf prospectus that when final will allow LQwD to offer and issue up to $50 million of common shares, warrants, subscription receipts, units, debt securities, or any combination of such securities during the 25-month period that the prospectus is effective; and
• the grant of 3,325,000 stock options exercisable for a period of five years at a price of C$0.60 per share to various directors, officers, employees and consultants. The stock options will be subject to deferred vesting over two years and is part of LQwD’s ongoing strategy of granting stock options to attract and retain talent, as well as motivating its team.

Shone Anstey, LQwD’s CEO commented, “We are very pleased with the progress that our team has made since completing the transaction in June. Using our highly skilled in-house team, we are continuing to develop a Lightning Network SaaS platform that enables the set-up of payment channels as a service. LQwD’s Lightning Network SaaS platform is at an advanced level of development, with beta testing having commenced in the second half of 2021. We look forward continuing along this growth trajectory and maximizing shareholder value in the process.”

About the Lightning Network

The Lightning Network is a solution to mass scaling the usage of Bitcoin for microtransactions globally, dramatically improving upon fees, as well as instant settlement times. The Lightning Network has experienced explosive growth in the past 90-days with node growth doubling and Lightning Network BTC capacity increasing 51.74%.  Some well-known companies such as Jack Dorsey’s Twitter and Square have expressed their enthusiasm to incorporate Lightning Network into their platforms.

About LQwD Fintech Corp.

LQwD is a Lightning Network focused company developing payment infrastructure and solutions. 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 as an operating asset establishing nodes and payment channels across the Lightning Network.

For further information:

Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
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, in light of 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. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, LQwD, their securities, or their respective financial or operating results (as applicable).

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.

Lightning Network focused company, LQwD Fintech Corp. (TSXV: LQWD, OTCQB: LQWDF) is pleased to announce that it has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada, except Quebec.

The base shelf prospectus (the “Shelf Prospectus”) has not yet become final for the purpose of the sale of any Securities (as defined herein). When final, the Shelf Prospectus will allow LQwD to offer and issue up to $50 million of common shares, warrants, subscription receipts, units, debt securities, or any combination of such securities (collectively, the “Securities”) during the 25-month period that the Shelf Prospectus is effective. The Securities may be offered separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of sale, which will be set forth in a prospectus supplement to be filed.

The Company is filing this Shelf Prospectus to maintain financial flexibility as it advances the development of the Lightning Network but has no immediate intentions to undertake an offering.

The Securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not 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 State or jurisdiction in which such offer, solicitation or sale would be unlawful.

A copy of the Shelf Prospectus is available on SEDAR (www.sedar.com).

About the Lightning Network

The Lightning Network is a solution to mass scaling the usage of Bitcoin for microtransactions globally, dramatically improving upon fees, as well as instant settlement times. The Lightning Network has experienced explosive growth in the past 90-days with node growth doubling and Lightning Network BTC capacity increasing 51.74%.  Some well-known companies such as Jack Dorsey’s Twitter and Square have expressed their enthusiasm to incorporate Lightning Network into their platforms.

About LQwD Fintech Corp.

LQwD is a Lightning Network focused company developing payment infrastructure and solutions. 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 as an operating asset establishing nodes and payment channels across the Lightning Network.

For further information:

Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
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, in light of 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. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, LQwD, their securities, or their respective financial or operating results (as applicable).

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.

Lightning Network focused company, LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) is pleased to announce the appointment of Lightning Network experts Joost Jager and Roy Sheinfeld as advisors to the Company, effective immediately.

Shone Anstey, Chairman and CEO of the Company, commented, “We are very excited to have Joost and Roy join our team at this very timely stage in LQwD’s growth. They are both consummate professionals whose prudence and broad technical insight will be of great benefit to LQwD as we advance our business in the Lightning Network space.”

Mr. Joost Jager is a Bitcoin and Lightning Infrastructure Engineer with a M.Sc. in Computer Science from Radboud University with a specialization in artificial intelligence. Mr. Jager has worked with San Francisco-based Lightning Labs as a lead developer and delivered multiple ground-breaking Lightning features such as hodl invoices, tlv records and probability-based routing. Currently Mr. Jager works with Bottlepay, where he provides Lightning Network expertise for the development of their European focused wallet solution.

Mr. Roy Sheinfeld is a software engineer and the co-founder and CEO of Breez Development Ltd., a privately held Tel Aviv based company that builds interfaces for the Lightning economy. The Breez App is a P2P Lightning Network interface where users can buy, sell, and pay for goods, services, and streaming content with a non-custodial, seamless, and open platform. Previously, he was the Co-founder and CTO of harmon.ie, a company building apps for the Digital Workplace, helping information workers professionals access and collaborate using a variety of leading cloud and on-premises services from Microsoft, IBM, Salesforce, and others.

About the Lightning Network

The Lightning Network is a solution to mass scaling the usage of Bitcoin for microtransactions globally, dramatically improving upon fees, as well as instant settlement times. The Lightning Network has experienced explosive growth in the past 90-days with node growth doubling and Lightning Network BTC capacity increasing 51.74%.  Some well-known companies such as Jack Dorsey’s Twitter and Square have expressed their enthusiasm to incorporate Lightning Network into their platforms.

About LQwD Fintech Corp.

LQwD is a Lightning Network focused company developing payment infrastructure and solutions. 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 as an operating asset establishing nodes and payment channels across the Lightning Network.

For further information:

Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
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, in light of 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. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, LQwD Financial, their securities, or their respective financial or operating results (as applicable).

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.

LQwD FinTech Corp. (TSXV: LQWD, OTC: LQWDF) announces that it has purchased C$2,500,000 worth of Bitcoin, at approximately C$46,500 (US$38,000) per Bitcoin since closing its previously announced acquisition of LQwD Financial Corp. Along with this purchase, the Company now holds approximately 60 Bitcoins.

This purchase signifies the start of a strategic growth initiative to accumulate Bitcoin as a reserve asset, but more importantly as an operating asset, which underpins the Company’s Lightning Network SaaS platform that is under development.

“LQwD is focused on developing enterprise grade infrastructure for the Lightning Network to drive Bitcoin adoption. This acquisition of Bitcoin is an important step for the growth of our business, and our vision, and we will continue to look for opportunities to increase our holdings and add value for our shareholders,” says Chairman and CEO Shone Anstey.

About the Lightning Network

The Lightning Network is a scalable Layer 2 solution built on top of the Bitcoin blockchain. It is a solution to scaling the usage of Bitcoin for microtransactions, dramatically improving upon the fees, as well as the instant settlement times, on the main Bitcoin Network.

About LQwD FinTech Corp.

LQwD is a Canadian-based financial technology company that develops payment network infrastructure and solutions on top of 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 scale of Bitcoin.

For further information:

Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
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, in light of 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. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, LQwD Financial, their securities, or their respective financial or operating results (as applicable).

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.

LQwD FinTech Corp. (formerly Interlapse Technologies Corp.) (“LQwD” or the “Company”) (TSXV: LQWD) announces that it has closed its previously announced acquisition of LQwD Financial Corp. (“LQwD Financial”) by acquiring all of the outstanding securities of LQwD Financial in exchange for the issuance of common shares (the “Shares”) of the Company (the “Transaction”). The Company has changed its name from “Interlapse Technologies Corp.” to “LQwD FinTech Corp.” and will continue to be listed as a Tier 2 technology issuer under the policies of the TSX Venture Exchange (the “Exchange”). The new trading symbol is “LQWD”.

The Company, with LQwD Financial as its wholly owned subsidiary, will now pursue the business as described in the Management Information Circular dated April 22, 2021 (the “Circular”), which is available under the Company’s profile on SEDAR at www.sedar.com. The principal business of LQwD Financial is the development and commercial launch of its Lightning Network SaaS platform.

“This is an exciting day for all of us at LQwD,” says Chairman and CEO Shone Anstey. “We are looking forward to pursuing the opportunities and participating in the exponential growth now taking place on the Bitcoin Lightning Network and the continued support of our shareholders.”

Transaction

The Company issued 22,400,001 Shares to the shareholders of LQwD Financial in consideration for the transfer of all of the issued and outstanding common shares in the capital of LQwD to the Company on a 1:1 basis. In addition, all outstanding warrants of LQwD Financial to acquire up to 4,000,000 common shares of LQwD Financial at a price of $0.15 per LQwD common share until January 2, 2025 were automatically adjusted to be exercisable into Shares on a 1:1 basis.

Concurrent Financing

In connection with the Transaction, on March 23, 2021, the Company closed a non-brokered private placement of 20,000,000 subscription receipts (each, a “Subscription Receipt”) at a price of $0.25 per Subscription Receipt for gross proceeds of $5 million (the “Concurrent Financing”). Each Subscription Receipt entitled the holder thereof to receive one Share and one-half of a share purchase warrant (each whole such warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one additional Share at a price of $0.40 per Share at any time for a period of 12 months following the date of conversion of the Subscription Receipts, subject to the Accelerated Expiry described below. The Subscription Receipts and the securities into which they are convertible, bear a hold period of four months and a day from the closing of the Concurrent Financing.

The Warrants are subject to the Accelerated Expiry, which may be invoked by the Company if, over a period of ten consecutive trading days following the date of issuance of the Warrants, the volume weighted average trading price of the Shares on the Exchange equals or exceeds $0.60 on each of those 10 consecutive days, by the Company giving notice in writing to the holders of the Warrants that the Warrants will expire on the date that is the earlier of (i) the 30^th day following the giving of such notice unless exercised by the holders prior to such date, and (ii) the original expiry date of the Warrants (the “Accelerated Expiry”).

In connection with the Concurrent Financing, the Company paid finder\’s fees in the amount of $249,150, which represents a 7% cash fee on certain of the gross proceeds raised from subscriptions introduced by arm’s length parties. The Company also issued finder’s securities, consisting of an aggregate of (i) 672,000 broker warrants with each broker warrant being exercisable to acquire one Share at a price of $0.40 per Share; and (ii) 35,000 finder’s units with each finder’s unit converting into one Share and one-half of one share purchase warrant, with each whole such warrant entitling the holder thereof to purchase one additional Share at a price of $0.40 per Share.

Board and Management

Following closing of the Transaction the directors and officers of the Company are:

Biographies for each of the directors and officers of the Company were included in the Circular. Detailed information about the Transaction and related matters, including financial statements of LQwD Financial, are contained in the Circular.

About LQwD

LQwD is a financial technology company that develops payment network infrastructure and solutions on top of the Lightning Network, a scalable Layer 2 solution built on top of the bitcoin blockchain. Its signature product, Coincurve.com, is an online digital platform for users to buy virtual currencies in a streamlined fashion and enables a simple, safe way to buy and spend virtual currency.

ON BEHALF OF THE BOARD OF LQWD FINTECH CORP.

Shone Anstey
Chairman, CEO and Director

For further information:

Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
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, in light of 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. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, LQwD Financial, their securities, or their respective financial or operating results (as applicable).

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.

/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES/

Interlapse Technologies Corp. (TSXV: INLA) (\”Interlapse\” or the \”Company\”) is pleased to announce that it has closed its previously announced non-brokered private placement of 20,000,000 subscription receipts (the “Subscription Receipts”) at a price of $0.25 per Subscription Receipt for total gross proceeds of $5,000,000 (the “Financing”).

The gross proceeds from the Financing will be held in escrow by Computershare Trust Company of Canada as subscription receipt agent and will be released upon completion of the escrow release conditions, which includes completion of the Company\’s previously announced acquisition of 100% of the issued and outstanding shares of LQwD Financial Corp. (“LQWD”), a decentralized finance company creating enterprise grade infrastructure and institutional liquidity for the Lightning Network, in exchange for common shares of Interlapse (the \”Transaction\”). The Lightning Network is a solution to scaling the usage of Bitcoin, dramatically improving upon the fees, as well as the instant settlement times, on the main Bitcoin blockchain.

Each Subscription Receipt entitles the holder thereof to receive, upon satisfaction of the escrow release conditions (which will include, among other things, the closing of the Transaction) on or before the escrow release deadline, and without payment of additional consideration therefor one common share in the capital of the Company following completion of the Transaction (the \”Resulting Issuer\”) and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of the Resulting Issuer at C$0.40 per share for a period of 12 months from the date of conversion of the Subscription Receipts. In the event that the volume-weighted trading price of the shares on the TSX Venture Exchange (the \”TSX-V\”) is C$0.60 or greater for a period of 10 consecutive trading days, the Company may, at its option, accelerate the warrant expiry date by issuing a press release (the \”Acceleration Provision\”).

Should the escrow release conditions not be satisfied by the escrow release deadline, the Subscription Receipts will be cancelled, and all proceeds from the sale of Subscription Receipts will be returned to purchasers. The Subscription Receipts and the securities into which they are convertible, are subject to a hold period and may not be traded until July 24, 2021 except as permitted by applicable securities legislation and the rules and policies of the TSX-V.

In consideration of arranging the Financing, the Company has agreed to pay finder\’s fees consisting of:

• cash payments totaling $249,150 (the \”Finders\’ Commission\”);
• 672,000 warrants (the \”Finder Warrants\”), each Finder Warrant exercisable to purchase one additional common share of the Company, subject to adjustment, for a period of 24 months from the Closing Date at a price of $0.40 per share; and
• 35,000 units (the \”Finder Units\”) and, together with the Finders\’ Commission and Finder Warrants, the \”Finders\’ Fees\”), each Finder Unit consists of one common share in the capital of the Resulting Issuer and one-half of one warrant. Each whole such warrant will entitle the holder to purchase one additional common share of the Resulting Issuer at C$0.40 per share for a period of 12 months from the date of conversion of the Subscription Receipts, subject to the Acceleration Provision.

The Finders\’ Fees are not payable until the escrow release conditions are met.

The Resulting Issuer intends to use the proceeds of the Financing to fund the costs of the Transaction, purchase Bitcoin in connection with the Resulting Issuer\’s business plan and for development and general working capital.

Interlapse has also appointed PI Financial Corp. (\”PI\”) as the sponsor to Interlapse in respect of the Transaction pursuant the sponsorship requirements of the TSX-V. In consideration for PI\’s services, the Company has agreed to pay a $75,000 cash fee and grant 100,000 compensation options to PI. Each compensation option entitles the holder to purchase one unit of the Company at a price of $0.25 per unit, each such unit consisting of one common share in the capital of the Resulting Issuer and one-half of one warrant. Each whole such warrant will entitle the holder to purchase one additional common share of the Resulting Issuer at C$0.40 per share for a period of 12 months from the date of conversion of the Subscription Receipts, subject to the Acceleration Provision.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. 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, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless an exemption from such registration is available.

The Transaction remains subject to a number of terms and conditions, including Interlapse shareholder approval and the approval of the TSX-V and other applicable regulatory authorities. Upon completion of this arm\’s length Transaction, LQWD will become a wholly owned subsidiary of Interlapse.

About Interlapse Technologies Corp.
Interlapse Technologies Corp. is a financial technology applications company accelerating the global mega-trend of virtual currency adoption. Interlapse currently has 30,683,189 shares outstanding (37,117,401 fully diluted).

To learn more, visit www.interlapse.com.

For further information:
Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
Website: www.interlapse.com

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSX-V acceptance and if applicable pursuant to TSX-V Requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Interlapse should be considered highly speculative.
The TSX-V. has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this news release.
Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This news release contains \”forward-looking information\” within the meaning of applicable securities laws relating to the Transaction, the Financing and associated transactions, including statements regarding the terms and conditions of such transactions, the requisite Interlapse Shareholder approval, the continued listing of the Resulting Issuer on the TSX-V, the directors and officers of the Resulting Issuer, the anticipated benefit of the Lightning Network. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs regarding future events of management of Interlapse and LQWD (the \”Companies\”). This information and these statements, referred to herein as \”forward‐looking statements\”, are not historical facts, are made as of the date of this press release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management\’s expectations and intentions with respect to, among other things, the completion of the Transaction and the use of proceeds from the Financing. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. Important factors that may cause actual results to vary include without limitation, risks relating to the finalization of the terms of the Financing; risks associated with any delays or difficulties encountered in respect of the Transaction; the timing and receipt of certain approvals, including approval from the TSX-V or the Interlapse Shareholders; risks and uncertainties related to the Transaction not being completed in the event that the conditions precedent thereto are not satisfied; delays in the receipt of requisite approvals and changes in general economic conditions or conditions in the financial markets. In making the forward‐looking statements in this press release, the Companies have applied several material assumptions, including without limitation, the receipt of necessary consents and approvals and satisfaction of all conditions precedent for the completion of the Transaction in a timely manner. Neither Interlapse nor LQWD assumes any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in Interlapse\’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.

Vancouver, Canada – Interlapse Technologies Corp. (TSXV: INLA) (\”Interlapse\” or the \”Company\”) announces that the Company’s shares will resume trading on the TSX Venture Exchange (“TSX-V”) on Monday, March 22, 2021.

The Company’s previously announced acquisition of 100% of the issued and outstanding shares of LQwD Financial Corp., a decentralized finance company creating enterprise grade infrastructure and institutional liquidity for the Lightning Network, in exchange for common shares of Interlapse (the “Transaction”) is continuing to progress.

The Transaction remains subject to a number of terms and conditions, including Interlapse shareholder approval, the completion of a concurrent financing generating proceeds of up to $5.0 million, and the approval of the TSX-V and other applicable regulatory authorities. Upon completion of this arm’s length Transaction, LQWD will become a wholly owned subsidiary of Interlapse.

The Lightning Network is a solution to scaling the usage of Bitcoin, dramatically improving upon the fees, as well as the instant settlement times, on the main Bitcoin blockchain.

About Interlapse Technologies Corp.

Interlapse Technologies Corp. is a financial technology applications company accelerating the global mega-trend of virtual currency adoption. Interlapse currently has 30,683,189 shares outstanding (37,117,401 fully diluted).

To learn more, visit www.interlapse.com.

For further information:
Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
Website: www.interlapse.com

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSX-V acceptance and if applicable pursuant to TSX-V Requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Interlapse should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this news release.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains \”forward-looking information\” within the meaning of applicable securities laws relating to the Transaction, the Concurrent Financing and associated transactions, including statements regarding the terms and conditions of such transactions, the requisite Interlapse Shareholder approval, the continued listing of the Resulting Issuer on the TSX-V, the directors and officers of the Resulting Issuer, the anticipated benefit of the Lightning Network and the intention to apply for a waiver from the sponsorship requirements of the TSX-V. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs regarding future events of management of Interlapse and LQWD (the \”Companies\”). This information and these statements, referred to herein as \”forward‐looking statements\”, are not historical facts, are made as of the date of this press release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management\’s expectations and intentions with respect to, among other things, the completion of the Transaction and the Concurrent Financing.  These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. Important factors that may cause actual results to vary include without limitation, risks relating to the finalization of the terms of the Concurrent Financing; risks associated with any delays or difficulties encountered in respect of the Transaction and Concurrent Financing; the timing and receipt of certain approvals, including approval from the TSX-V or the Interlapse Shareholders; risks and uncertainties related to the Transaction not being completed in the event that the conditions precedent thereto are not satisfied; delays in the receipt of requisite approvals and changes in general economic conditions or conditions in the financial markets. In making the forward‐looking statements in this press release, the Companies have applied several material assumptions, including without limitation: (1) the successful completion of the Concurrent Financing; and (2) the receipt of necessary consents and approvals and satisfaction of all conditions precedent for the completion of the Transaction and Concurrent Financing in a timely manner. Neither Interlapse nor LQWD assumes any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements, unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in Interlapse\’s filings with the Canadian securities regulators, which filings are available at www.sedar.com.