Brief: Litelink Signs Definitive Agreement To Acquire Equity Stake In Canada's Premier Cryptocurrency Exchange CatalX

Mobilum Technologies

16/02/2021 13:01

Feb 16 (Reuters) - Litelink Technologies Inc  LLT.CD :
    * LITELINK SIGNS DEFINITIVE AGREEMENT TO ACQUIRE EQUITY
STAKE IN
CANADA'S PREMIER CRYPTOCURRENCY EXCHANGE, CATALX
    * LITELINK TECHNOLOGIES - EQUITY INVESTMENT OF C$2 MILLION
WILL
RESULT IN CO OBTAINING 24,217 CLASS A VOTING SHARES OF CATALX AT
A VALUATION OF $10.5 MILLION
    * LITELINK TECHNOLOGIES INC - EQUITY INVESTMENT WILL BE
SATISFIED
THROUGH ISSUANCE OF 15 MILLION CO'S SHARES TO CATALX, CASH
PAYMENT OF $500,000

Source text for Eikon:  ID:nCNW8G1Tya 
Further company coverage:  LLT.CD 

 ((Reuters.Briefs@thomsonreuters.com;))