VANCOUVER, Sept. 23, 2019 /CNW/ - Interlapse Technologies
Corp. (TSXV: INLA), is pleased to announce a non-brokered private
placement of approximately 2,000,000 common shares at a price of
$0.35. The common shares issued under
this private placement will be subject to resale restrictions for a
period of four months from the closing date.
Following the successful Canadian launch on June 19, 2019 and the positive performance of the
Company's coincurve.com virtual currency platform, Interlapse plans
to use the funding proceeds to launch Coincurve into select Asian
countries.
Empowering the Future of Commerce
Interlapse Technologies Corp. is a Canadian based FinTech company
focused on developing the next-generation of applications for
virtual currency. Our coincurve.com platform, with payment and
financial infrastructure, accelerates the global mega trend of
virtual currency adoption and the transformation of money. To learn
more, visit interlapse.com
Interlapse currently has 17,465,644 shares outstanding
(20,075,644 fully diluted).
Completion of the private placement is subject to several
conditions, including TSXV final acceptance. There can be no
assurance that the private placement will be completed as proposed
or at all. Investors are cautioned that any information released or
received with respect to the private placement may not be accurate
or complete and should not be relied upon. Trading in the
securities of Interlapse should be considered highly speculative.
The TSXV has in no way passed upon the merits of the private
placement and has neither approved the private placement nor
disapproved the contents of this press release.
Neither TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this release.
Forward-Looking Information
Statements contained in this release that are not historical facts
are forward-looking statements that involve various risks and
uncertainty affecting the business of Interlapse. In making the
forward-looking statements, Interlapse has applied certain
assumptions that are based on information available, including
Interlapse's strategic plan for the near and mid-term. There can be
no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. Interlapse
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
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SOURCE Interlapse Technologies Corp.