LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF), a Bitcoin Lightning Network focused company developing institution grade payment infrastructure and solutions, announces that it has entered into an agreement with Israeli-based Breez Development Ltd. (\”Breez\”), a leading Lightning Network service provider.

Under the agreement, LQwD intends to offer Lightning Network liquidity services to Breez clients and provide on-demand Lightning Network channels whenever required. In addition, LQwD will run one or more Breez-modified Lightning Network routing nodes. Upon LQwD completing its services, Breez will add LQwD as a liquidity partner within Breez’s service.

“We are excited to work with Breez and become a liquidity partner within the Breez App. This development is another step forward for LQwD’s mandate of positioning the Company as the most prominent institutional grade Lightning Network service provider.” Commented Shone Anstey, CEO of LQwD Fintech Corp. “In addition, we will continue to acquire Bitcoin as an operating and strategic asset enabling the Company to establish nodes and payment channels on the rapidly growing Lightning Network as well as benefit from potential capital appreciation.”

The Breez mobile app is a Lightning Network interface where users can buy, sell, and pay for goods, services, and streaming content with a non-custodial, seamless, and open platform. It is an intuitive point-of-sale app for merchants that applies the most sophisticated technology in the Bitcoin and Lightning Network spaces as it combines a full-service LSP, an intuitive point-of-sale app for merchants, and a seamless, non-custodial end-user app.

The Company has also increased its Bitcoin holdings by acquiring a further number of Bitcoins since its previous release. To date, the Company has spent a total of C$8.3 million to purchase approximately 139 Bitcoins, which it now holds, at an average cost of approximately C$60,000 (US$48,000) per Bitcoin.

Bitcoin Lightning Network focused company,  LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF), announces that it has entered into an agreement with Maynard Communications Limited (\”Maynard\”) dated November 4, 2021, for various corporate communications services at an aggregate cost of C$740,000. The activities commenced on November 4, 2021 and will continue for a period of six (6) months, renewable each month thereafter.

“Branding, media relations and corporate awareness is of upmost importance and a critical component of our business strategy as we prepare to launch our suite of institutional grade products and payment channels on the rapidly growing Bitcoin Lightning Network.” Commented Shone Anstey, CEO of LQwD Fintech Corp. “We selected Maynard based on their proven success and they are a perfect fit to help LQwD’s ambitious goals of rapidly becoming one of the most dominant global Lightning Network service providers.”

The wide range of services to be provided by Maynard will include search engine optimization, digital media campaigns for branding, media relations consulting, general business development, multimedia services and project management. Furthermore, in anticipation of the coming launch of the Company’s Lightning Network payment and infrastructure solutions, a significant portion of these efforts will be devoted to product and services marketing/advertising.

Maynard is an arm’s length consultant. To the knowledge of the Company, Maynard did not acquire and has no plans to acquire any securities in the Company. Neither the Company nor any of its directors, officers or employees have any interest, directly or indirectly, in Maynard, or their securities, or any right or intent to acquire such an interest. Maynard manages a marketing team headquartered in Hong Kong and has been successfully marketing for a broad range of companies listed on the TSX Venture Exchange. Karl Marek is the President of Maynard.  

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 is experiencing explosive growth since January 1, 2021 with node growth doubling and Bitcoin capacity increasing 181% to September 30, 2021.  Some well-known prominent companies such as Jack Dorsey’s Twitter and Square have expressed their enthusiasm to incorporate Bitcoin Lightning Network into their platforms.

About LQwD
LQwD is a Lightning Network Service Provider (LSP) 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 and acquires 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.

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 it has purchased an additional C$4.5 million worth of Bitcoin since closing its previously announced financing. To date, the Company has spent a total of C$7.8 million to purchase approximately 133 Bitcoins, which it now holds, at an average cost of approximately C$59,000 (US$47,500) per Bitcoin.

This purchase signifies the further strengthening of LQwD’s 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.

“Closing the $8 million financing has allowed us to acquire further Bitcoin, which is an important step for the Company to progress its short-term business goals to launch our Platform as a Service commercially, then focus on on-boarding clients and providing them with strong connectivity to the Lightning Network. This plays into our long-term objective of having a significant number of Lightning Network payment channels with Bitcoin staked on them (a requirement of the network) that are active across the Lightning Network and allow us to forward and route transactions as a major network participant, and earn fees for doing so,” says Chairman and CEO Shone Anstey.

About LQwD

LQwD is a Lightning Network Service Provider (LSP) 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. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the use of proceeds of the Offering) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities, many of which are beyond the Company\’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. 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.

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) (“LQwD” or the “Company”) is pleased to announce that it has closed its previously announced offering of 20,000,000 units (the “Units”) at a price of C$0.35 per Unit (the “Offering Price”) for total gross proceeds of C$7,000,000 (the “Offering”). The Offering was conducted by a syndicate of underwriters led by Canaccord Genuity Corp. and including PI Financial Corp. (together, the “Underwriters”). The Underwriters also exercised their over-allotment option in full to purchase an additional 3,000,000 Units for additional gross proceeds of C$1,050,000.  Including the proceeds from the exercise of the over-allotment option, the total gross proceeds of the Offering are C$8,050,000 with an aggregate of 23,000,000 Units issued.

Each Unit consists of one common share of the Company (a “Common Share”) and one half of one common share purchase warrant (each whole purchase warrant, a “Warrant”).  Each Warrant is exercisable to acquire one Common Share until October 28, 2023, at an exercise price of C$0.50.

The net proceeds from the Offering will be used to acquire Bitcoin and for general corporate and working capital purposes.

In consideration for their services, the Company paid the Underwriters a cash fee equal to 7.0% of the aggregate gross proceeds of the Offering, other than in respect of Units sold to purchasers designated by the Company, for which a cash fee of 3.5% was paid, and issued an aggregate of 1,528,765 compensation Warrants and 214,285 Common Shares as partial payment of a corporate finance fee. Each Compensation Warrant will be exercisable to acquire one Common Share at an exercise price equal to the Offering Price for a period of 24 months from the closing of the Offering, subject to adjustment in certain events.

Certain directors and officers of the Company participated in the Offering by purchasing a total of 413,500 Units.  Accordingly, the Offering constituted to that extent a \”related party transaction\” under applicable Canadian securities laws.  The Company did not file a material change report more than 21 days before the expected closing of the Offering as the details of the Offering and the participation therein by related parties of the Company were not settled until shortly prior to closing and the Company wished to close on an expedited basis for sound business reasons.

This press 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. The securities being offered have not been, nor will they be, registered under the 1933 Act and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements of the 1933 Act, and applicable state securities laws. “United States” and “U.S. person” are as defined in Regulation S under the 1933 Act.

About LQwD

LQwD is a Lightning Network Service Provider (LSP) 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. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the use of proceeds of the Offering) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities, many of which are beyond the Company\’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. 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.

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.

IBN (InvestorBrandNetwork), a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest CryptoCurrencyWire Audio Production as part of its sustained effort to provide specialized content via widespread syndication channels.

The audio production features Shone Anstey, Co-Founder, Chairman and CEO of LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF), a financial technology company focused on creating enterprise-grade infrastructure to drive bitcoin adoption.

To begin the interview, Anstey discussed his extensive background in tech and crypto leading up to his time with LQwD FinTech.

“I’ve been in tech for 25 years. … I heard about crypto in 2011 and got involved in 2012, so I’ve been in the bitcoin area for quite some time,” he said. “In 2015, I co-founded a company called Blockchain Intelligence Group. … We actually acquired a company called Netcoins.ca. … It is now Canada’s first publicly traded crypto exchange that actually has a license from regulators as of a few weeks ago. … I’m still there as a director and a large shareholder, but I’ve been involved in LQwD and the Lightning Network for the last two years. We’re working where I like to be – on stuff that’s cutting edge and about to become mainstream over the next few years. That’s the Lightning Network itself.”

Anstey then provided an overview of the Lightning Network and detailed how it could revolutionize bitcoin transactions and the entirety of the crypto space.

“The Lightning Network is a solution to scaling bitcoin,” he continued. “Bitcoin, which is the anchor cryptocurrency for the entire crypto market … is backed by millions of computers doing bitcoin mining, which helps secure the network and make it really safe with an immutable ledger. But it can only handle so many transactions with its current technology – about seven transactions a second. The Lightning Network steps in there and scales it to the next level.”

“The Lightning Network is a mesh-style network, very similar to how the internet functions. It’s made up of a series of nodes – computers and servers – and on those nodes you run open-source Lightning Network software,” he added. “That Lightning Network software creates payment channels to other companies running Lightning Network software. … This whole mesh network happens around the world. There’re now 60,000 nodes and all kinds of payment channels that have been growing very, very quickly over the last number of years. This year alone it’s increased by about 182% since January. … This whole interconnected mesh network … allows transactions to find a place very quickly with very low fees. It’s designed for massive volume. … You’re seeing the uptick with countries like El Salvador taking on bitcoin as a national currency. The Lightning Network is one of the catalysts to make that happen.”

Join both Shone Anstey, Co-Founder, Chairman and CEO of LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF), and Jonathan Keim, IBN’s Director of Communications, as they discuss the long-term applications and potential for crypto, the benefits of LQwD’s position as a publicly traded company and the company’s business model relating to bitcoin investing.

To hear the entire episode, please visit: https://www.CryptoCurrencyWire.com/CryptoNewsAudio

The latest audio production from CryptoCurrencyWire continues to reinforce IBN’s commitment to the expansion of its robust network of brands, client partners, followers and the growing IBN Podcast Series. For more than 15 years, IBN has leveraged this commitment to provide unparalleled distribution and corporate messaging solutions to 500+ public and private companies.

To learn more about IBN’s achievements and milestones via a visual timeline, visit https://IBN.fm/TimeLine.

About LQwD FinTech Corp.

LQwD FinTech Corp. is a Lightning Network Service Provider (LSP) 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 more information, visit the company’s website at www.LQwDFinTech.com.

About CryptoCurrencyWire

CryptoCurrencyWire (CCW) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge.

To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 77948 (U.S. Mobile Phones Only) .

For more information, please visit https://www.CryptoCurrencyWire.com.

Please see full terms of use and disclaimers on the CryptoCurrencyWire website, applicable to all content provided by CCW wherever published or re-published: https://CCW.fm/Disclaimer

About IBN

IBN (InvestorBrandNetwork) consists of financial brands introduced to the investment public over the course of 15+ years. With IBN, we have amassed a collective audience of millions of social media followers. These distinctive investor brands aim to fulfill the unique needs of a growing base of client-partners. IBN will continue to expand our branded network of highly influential properties, leveraging the knowledge and energy of specialized teams of experts to serve our increasingly diversified list of clients.

Through NetworkNewsWire (“NNW”) and its affiliate brands, IBN provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) full-scale distribution to a growing social media audience; (5) a full array of corporate communications solutions; and (6) a total news coverage solution.

For more information, please visit https://www.InvestorBrandNetwork.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company\’s SEC filings. These risks and uncertainties could cause the company\’s actual results to differ materially from those indicated in the forward-looking statements.

Corporate Communications

IBN (InvestorBrandNetwork)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
[email protected]

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Lightning Network focused company, LQwD FinTech Corp. (TSXV: LQWD, OTC: LQWDF) (“LQwD” or the “Company”) is pleased to announce that it has entered into an amended and restated underwriting agreement to increase the size of its previously announced marketed offering (the “Offering”). The Offering is being conducted by a syndicate of underwriters (the “Underwriters”) led by Canaccord Genuity Corp. as lead underwriter.

Pursuant to the Offering, the Company intends to issue 20,000,000 Units at a price of C$0.35 per Unit for gross proceeds of C$7,000,000.  Each Unit will consist of a common share of the Company (a “Common Share”) and one half of one common share purchase warrant (each whole purchase warrant, a “Warrant”).  Each Warrant will be exercisable into one Common Share for a period of 24 months from the closing of the Offering at an exercise price of C$0.50, subject to adjustment in certain events. The closing of the Offering is expected to occur on or about October 28, 2021 (the “Closing”) and is subject to customary conditions, including approval of the TSX Venture Exchange (the “TSXV”).‎

The Company has granted the underwriters an option (the “Over-Allotment Option”), exercisable at any time for a period of 30 days after and including the closing of the Offering, to purchase up to an additional 3,000,000 Units on the same terms and conditions of the Offering.  The Over-Allotment Option may be exercisable to acquire Units, Common Shares and/or Warrants (or any combination thereof) at the discretion of the underwriters.

The Units will be offered in each of the provinces and territories of Canada, other than Québec, pursuant to a prospectus supplement to the Company’s short form base shelf prospectus dated September 15, 2021 (the “Prospectus”)  and in the United States on a private placement basis to “accredited investors” meeting ‎one or more ‎of the ‎criteria in Rule 501(a) of ‎Regulation ‎D ‎under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and to  “Qualified Institutional ‎Buyers” pursuant to the registration exemptions provided by Rule ‎‎144A of the U.S. ‎Securities Act‎.

The net proceeds from the Offering will be used to acquire Bitcoin and for general corporate and working capital purposes.

In consideration for their services, the Company will pay the Underwriters a cash fee equal to 7.0% of the aggregate gross proceeds of the Offering. The Underwriters will also be granted such number of compensation warrants (each, a “Compensation Warrant”) as is equal to 7.0% of the aggregate number of Units issued pursuant to the Offering. Each Compensation Warrant will be exercisable to acquire one common share of the Company (a “Compensation Warrant Share”) at an exercise price equal to the issue price of the Units (the “Offering Price”) for a period of 24 months from the closing of the Offering, subject to adjustment in certain events. The Company is entitled to designate certain subscribers to be included in the Offering (the “President’s List”). The cash fee and Compensation Warrants payable for President’s List orders will be reduced to 3.5% and 3.5% respectively.

The Company has applied to list the Common Shares, Warrant Shares and Compensation Warrant Shares issuable pursuant to the Offering on the TSXV. Copies of the Prospectus, following filing thereof, can be obtained on SEDAR at www.sedar.com and from Canaccord Genuity Corp., 2100, 609 Granville St, Vancouver BC V7Y 1H2. The Prospectus contains important detailed information about the Company and the proposed Offering. Prospective investors should read the Prospectus and the other documents the Company has filed on SEDAR at www.sedar.com  before making an investment decision.

No securities regulatory authority has either approved or disapproved of the contents of this press release. The Units, Common Shares, Warrants and Warrant Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the securities described herein may not be offered or sold within the “United States” or to, or for the account or benefit of, a person in the “United States” or a “U.S. person” (as such terms are defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of LQwD in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About LQwD

LQwD is a Lightning Network Service Provider (LSP) 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. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding to the Offering generally, the use of the net proceeds thereof, the exercise of the Over-Allotment Option and the satisfaction of the conditions of the closing of the Offering, including the receipt, in a timely manner, of required approvals) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities, many of which are beyond the Company\’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. 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.

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 DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

October 21, 2021 – Lightning Network focused company, LQwD FinTech Corp. (TSXV: LQWD, OTC: LQWDF) (“LQwD” or the “Company”) is pleased to announce that it has priced its previously announced marketed offering (the “Offering”). The Offering is being conducted by a syndicate of underwriters (the “Underwriters”) led by Canaccord Genuity Corp. as lead underwriter.

Pursuant to the Offering, the Company intends to issue 17,143,000 Units at a price of C$0.35 per Unit for gross proceeds of C$6,000,050.  Each Unit will consist of a common share of the Company (a “Common Share”) and one half of one common share purchase warrant (each whole purchase warrant, a “Warrant”).  Each Warrant will be exercisable into one Common Share for a period of 24 months from the closing of the Offering at an exercise price of C$0.50, subject to adjustment in certain events. The closing of the Offering is expected to occur on or about October 28, 2021 (the “Closing”) and is subject to customary conditions, including approval of the TSX Venture Exchange (the “TSXV”).‎

The Company has granted the underwriters an option (the “Over-Allotment Option”), exercisable at any time for a period of 30 days after and including the closing of the Offering, to purchase up to an additional 2,571,450 Units on the same terms and conditions of the Offering.  The Over-Allotment Option may be exercisable to acquire Units, Common Shares and/or Warrants (or any combination thereof) at the discretion of the underwriters.

The Units will be offered in each of the provinces and territories of Canada, other than Québec, pursuant to a prospectus supplement to the Company’s short form base shelf prospectus dated September 15, 2021 (the “Prospectus”)  and in the United States on a private placement basis to “accredited investors” meeting ‎one or more ‎of the ‎criteria in Rule 501(a) of ‎Regulation ‎D ‎under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and to  “Qualified Institutional ‎Buyers” pursuant to the registration exemptions provided by Rule ‎‎144A of the U.S. ‎Securities Act‎.

The net proceeds from the Offering will be used to acquire Bitcoin and for general corporate and working capital purposes.

In consideration for their services, the Company will pay the Underwriters a cash fee equal to 7.0% of the aggregate gross proceeds of the Offering. The Underwriters will also be granted such number of compensation warrants (each, a “Compensation Warrant”) as is equal to 7.0% of the aggregate number of Units issued pursuant to the Offering. Each Compensation Warrant will be exercisable to acquire one common share of the Company (a “Compensation Warrant Share”) at an exercise price equal to the issue price of the Units (the “Offering Price”) for a period of 24 months from the closing of the Offering, subject to adjustment in certain events. The Company is entitled to designate certain subscribers to be included in the Offering (the “President’s List”). The cash fee and Compensation Warrants payable for President’s List orders will be reduced to 3.5% and 3.5% respectively.

The Company has applied to list the Common Shares, Warrant Shares and Compensation Warrant Shares issuable pursuant to the Offering on the TSXV. Copies of the Prospectus, following filing thereof, can be obtained on SEDAR at www.sedar.com and from Canaccord Genuity Corp., 2100, 609 Granville St, Vancouver BC V7Y 1H2. The Prospectus contains important detailed information about the Company and the proposed Offering. Prospective investors should read the Prospectus and the other documents the Company has filed on SEDAR at www.sedar.com  before making an investment decision.

No securities regulatory authority has either approved or disapproved of the contents of this press release. The Units, Common Shares, Warrants and Warrant Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the securities described herein may not be offered or sold within the “United States” or to, or for the account or benefit of, a person in the “United States” or a “U.S. person” (as such terms are defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of LQwD in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About LQwD

LQwD is a Lightning Network Service Provider (LSP) 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. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding to the Offering generally, the use of the net proceeds thereof, the exercise of the Over-Allotment Option and the satisfaction of the conditions of the closing of the Offering, including the receipt, in a timely manner, of required approvals) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities, many of which are beyond the Company\’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. 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.

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.