VANCOUVER, Nov. 12, 2019 /CNW/ - Virtual currency
applications developer, Interlapse Technologies Corp. (TSXV: INLA /
OTCQB: INLAF), announces that it has amended the terms of the
previously announced non-brokered private placement. The new terms
of the placement are for up to 5,000,000 common shares at
CDN$0.15 per share for total gross
proceeds of up to $750,000. The
common shares issued under this private placement will be subject
to a hold period of four months from the closing date.
The proceeds will be primarily used to fund the launch of
Interlapse's virtual currency platform, coincurve.com into key
international markets.
Empowering the Future of Commerce
Interlapse Technologies Corp. is a Canadian-based FinTech
applications company accelerating the global mega trend of virtual
currency adoption. Our signature product coincurve.com, enables a
simple, safe way to buy and spend Bitcoin. To learn more, visit
www.interlapse.com.
Interlapse currently has 17,525,644 shares outstanding
(20,175,644 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.