Latest news with #LightningNetwork
Globe and Mail
5 days ago
- Business
- Globe and Mail
LQWD Announces ATM Program to Support Ongoing Growth Initiatives
VANCOUVER, British Columbia, July 15, 2025 (GLOBE NEWSWIRE) -- LQWD Technologies Corp. (TSXV:LQWD) (OTCQX: LQWDF) (' LQWD ' or the ' Company ') a Canadian-based Bitcoin-backed company and provider of enterprise-grade infrastructure for the Bitcoin Lightning Network, is pleased to announce the launch of an at-the-market equity program (the ' ATM Program ') that allows the Company to issue up to $10,000,000 of common shares in the capital of the Company (the ' Common Shares ') from treasury to the public from time to time, at the Company's discretion. The ATM Program strengthens LQWD's ability to execute strategically and supports its strategy to rapidly accumulate Bitcoin as a core asset, which the Company uses to fuel and expand its global Lightning Network infrastructure. Bitcoin plays a vital role in LQWD's strategy, powering the Lightning Network and acting as a key long-term asset in the Company's treasury. Distributions of the Common Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement (the ' Equity Distribution Agreement ') dated July 15, 2025 between the Company and Haywood Securities Inc. (the ' Agent '). 'We continue to make strong progress, and with our recent financing now complete and the ATM in place, we're well-positioned to accelerate our next phase of growth,' said Shone Anstey, CEO of LQWD Technologies. ' Our vision is to lead in the Lightning Network ecosystem, with Bitcoin holdings remaining a core pillar of that strategy.' Pursuant to the Equity Distribution Agreement, upon delivery of a placement notice by the Company, if any, the Agent may sell the Common Shares in Canada only, including, without limitation, sales made directly on the TSX Venture Exchange (' TSXV ') or any other recognized marketplace upon which the Common Shares are listed or quoted or where the Common Shares are traded in Canada. No Common Shares will be offered or sold in the United States. The volume and timing of distributions under the ATM Program, if any, will be determined in the Company's sole discretion. The ATM Program will be effective until the earlier of the issuance and sale of all of the Common Shares issuable pursuant to the ATM Program and December 31, 2025, unless terminated prior to such date by the Company or the Agent. As Common Shares sold in the ATM Program will be issued and sold at the prevailing market price at the time of the sale, prices may vary among purchasers during the period of the distribution. The Company expects to use the net proceeds from the ATM Program for the continued development and growth of Company and its businesses, including future acquisitions, research and development, and marketing initiatives. Until applied, some or all of the net proceeds of the ATM Program, if any, may be held as cash balances in the Company's bank account or invested at the discretion of the Company. The offering under the ATM Program will be made pursuant to a prospectus supplement dated July 15, 2025 (the ' Prospectus Supplement ') to the Company's short form base shelf prospectus for the province of Québec and the amended and restated short form base shelf prospectus amending and restating the final short form base shelf prospectus dated April 11, 2024, for each of the provinces and territories of Canada, except Québec dated June 30, 2025 (the ' Base Shelf Prospectus '). Completion of the distribution under the Prospectus Supplement in its entirety will constitute a material fact and a material change for the Company in accordance with applicable securities legislation. The Prospectus Supplement, the Base Shelf Prospectus, and the Equity Distribution Agreement can be accessed under the Company's profile on SEDAR+ at and on the Company's website at Alternatively, the Agent will send copies of the Prospectus Supplement, the Base Shelf Prospectus and Equity Distribution Agreement, as applicable, upon request by email at ecm@ No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Common Shares, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About LQWD LQWD Technologies Corp. is advancing Bitcoin adoption through the Lightning Network, a second-layer solution that enables instant, low-cost transactions at scale. As one of the first public companies dedicated to Lightning infrastructure, LQWD operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity. With a strategic Bitcoin treasury and infrastructure positioned for scalability, LQWD offers investors unique exposure to both the long-term appreciation of Bitcoin and the growing use of Lightning as a global payments solution. For further information: Ashley Garnot, President/Director Phone: 1.604.669.0912 Email: ashley@ Website: X: @LQWDTech Forward-Looking Statements This news release contains certain 'forward-looking statements'. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations and beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to the ATM Program, including the completion and anticipated timing for completion of the ATM Program, the potential size of the ATM Program, the Company's intended use of the net proceeds of the ATM Program, the receipt of all necessary regulatory approvals, including the approvals of the TSXV, and the Company's development and growth plans. Any such forward-looking information may be identified by words such as 'anticipate', 'proposed', 'estimates', 'would', 'expects', 'intends', 'plans', 'may', 'will', and similar expressions. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. 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.
Globe and Mail
6 days ago
- Business
- Globe and Mail
LQWD Acquires Additional Bitcoin Increasing Its Holdings to ~238.5 BTC
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2025) - LQWD Technologies Corp. (TSXV: LQWD) (OTCQX: LQWDF) ("LQWD" or the "Company"), a Canadian-based Bitcoin-backed company and provider of enterprise-grade infrastructure for the Bitcoin Lightning Network, is pleased to announce the acquisition of an additional ~57.5 Bitcoin to its treasury. Details are as follows: Number of Bitcoin Purchased: ~57.5 Bitcoin Average Purchase Price: ~US$118,162 per Bitcoin Amount Purchased: ~US $6,800,000 Total Bitcoin Holdings: ~238.5 Bitcoin Total Average Purchase Price: ~US$75,331 per Bitcoin Total Amount Purchased: ~US$17,977,505 In line with its ongoing Bitcoin accumulation strategy to grow its LSP business, LQWD now holds ~238.5 Bitcoin or approximately ~866 Sats per LQWD share, or ~688 Sats per diluted share. This represents a BTC Yield of ~54.6% year-to-date (YTD), calculated as the percentage change in Sats per diluted share. The Company currently has 27,546,741 shares outstanding, remains debt-free, and holds all Bitcoin reserves unencumbered. LQWD remains focused on increasing its Bitcoin-per-share metrics as a foundational component of its value strategy aligning growth with long-term shareholder interests. "Bitcoin is the foundation of our business, and every additional purchase strengthens our position in the global payments network of the future," said Shone Anstey, CEO of LQWD. "Our long-term strategy is centered on accumulating Bitcoin, deploying it efficiently, and scaling in step with the growth of the Lightning Network." LQWD is a Canadian-domiciled public company with offices in Vancouver, Canada, and Lugano, Switzerland. The Company is audited and publicly traded on the TSX Venture Exchange under the symbol LQWD, and on the OTCQX Market in the United States under the symbol LQWDF. About LQWD Technologies Corp. LQWD Technologies Corp. is advancing Bitcoin adoption through the Lightning Network, a second-layer solution that enables instant, low-cost transactions at scale. As one of the first public companies dedicated to Lightning infrastructure, LQWD operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity. With a strategic Bitcoin treasury and infrastructure positioned for scalability, LQWD offers investors unique exposure to both the long-term appreciation of Bitcoin and the emerging potential of Lightning-based payment technology. For more information, please visit LQWD's website and connect with the Company's Lightning Network nodes in real time. Forward-Looking Statements: This 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, considering 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 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.
Globe and Mail
09-07-2025
- Business
- Globe and Mail
LQWD Announces Upsized Financing with Amended Terms of Up to C$12.3 Million
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia , July 08, 2025 (GLOBE NEWSWIRE) -- Canada's Bitcoin Lightning Strategy, LQWD Technologies Corp. (TSXV: LQWD) (OTCQX: LQWDF) (' LQWD ' or the ' Company ') announces that in response to increased demand from strategic investors and existing shareholders, it has increased the size of its previously announced brokered (the ' Brokered Offering ') and non-brokered (the ' Non-Brokered Offering ' and together, the ' Offering ') private placement to up to C$12.3 million (or US $9 million), with the Offering to be priced at C$4.10 (or US$3.00) per common share (the ' Common Shares '). Maxim Group LLC is acting as sole agent and book runner in connection with the Brokered Offering. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (' NI 45-106 '), the Offering is being made pursuant to Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ' Listed Issuer Financing Exemption '), to purchasers resident in Canada (other than the province of Québec) in connection with the Non-Brokered Offering. The Company has filed an amended and restated offering document relating to the Offering (the ' Offering Document ') that can be accessed under the Company's profile on SEDAR+ at and on the Company's website at Prospective investors should read the Offering Document before making an investment decision. The Company intends to use the net proceeds from the Offering for the acquisition of Bitcoin for use as an operating asset in the Company's scalable Lightning Network services business, and general corporate purposes. The Brokered Offering is expected to close on or about July 10, 2025, or such other date or dates as the Company and Maxim may agree and the Non-Brokered Offering is expected to close on or about July 11, 2025. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the conditional approval of the TSX Venture Exchange (' TSXV '). The Company expects certain directors and officers of the Company, being related parties as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (' MI 61-101 '), to participate in the Offering. Any such resulting related party transaction will be exempt from the formal valuation requirement and shareholder approval requirement of MI 61-101 as the fair market value of any Common Shares issued to such persons will not exceed 25% of the Company's market capitalization. In connection with the Offering, the Common Shares will be offered to persons in the United States pursuant to exemptions from the registration requirements under the United States Securities Act of 1933, as amended (the ' U.S. Securities Act ') and all applicable U.S. state securities laws, as well as outside Canada and the United States on a basis which does not require the qualification or registration of any of the Company's securities or require the Company to be subject to any ongoing disclosure requirements under any domestic securities laws. The Common Shares to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. 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 jurisdiction in which such offer, solicitation or sale would be unlawful. About LQWD LQWD Technologies Corp. is advancing Bitcoin adoption through the Lightning Network, a second-layer solution that enables instant, low-cost transactions at scale. As one of the first public companies dedicated to Lightning infrastructure, LQWD operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity. With a strategic Bitcoin treasury and infrastructure positioned for scalability, LQWD offers investors unique exposure to both the long-term appreciation of Bitcoin and the growing use of Lightning as a global payments solution. For further information: Ashley Garnot, President/Director Phone: 1.604.669.0912 Email: ashley@ Website: X: @LQWDTech Forward-Looking Statements This news release contains certain 'forward-looking statements'. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations and beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to the Offering, including the completion and anticipated timing for completion of the Offering, the potential size of the Offering, the Company's intended use of the net proceeds of the Offering, the receipt of all necessary regulatory approvals, including the approvals of the TSXV, and the Company's development and growth plans. Any such forward-looking information may be identified by words such as 'anticipate', 'proposed', 'estimates', 'would', 'expects', 'intends', 'plans', 'may', 'will', and similar expressions. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. 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.
Coin Geek
08-07-2025
- Business
- Coin Geek
Bitcoin tradeoffs
Homepage > News > Editorial > Bitcoin tradeoffs Getting your Trinity Audio player ready... Spend enough time in the blockchain world, and certain dogmas begin to sound like laws of physics. Everyone should be able to run their own node. Initial sync times should be quick. The more nodes, the better. Your wallet should 'just work,' pulling balances from thin air the moment you enter your seed phrase. Scratch beneath that elegant surface, though, and you'll find these assumptions are anything but universal truths. They're artifacts of a very specific set of trade-offs; decisions made years ago by a handful of developers on one branch of Bitcoin's family tree. And they've so thoroughly imprinted themselves on the industry that anything diverging from them looks like heresy. Take the most famous of these: the belief that it's more important for poor people to run nodes than for poor people to transact. The people who hijacked bitcoin sold this concept to the world: The poor must be able to validate the BTC payments of the rich, but only the rich can afford payments on the network. Also, hijackers have custodial solutions available for the poor to make 2nd class payments. BTC made that explicit bargain. Block sizes were throttled to an absurdly small 1 MB, which is roughly one low-resolution JPEG per block or seven transactions per second globally. So any hobbyist could download and validate the chain from a spare laptop. But what was sacrificed? Throughput. Utility. The very capacity of the network to handle global commerce. In BTC, transaction fees spike whenever 'congestion' hits, making simple payments costly or even infeasible. But that was the deal: cheap nodes, expensive transactions. It locked Bitcoin into a model where only the well-heeled could rely on the network day-to-day, and everyone else could use some kind of custodial system or a vaporware L2 like Lightning Network. These trade-offs, in my opinion, are profoundly regressive. And once you accept that premise (that keeping nodes dirt cheap matters more than serving billions of transactions), you start building expectations around it. Wallets that simply derive a seed phrase, query a lightweight index, and instantly show balances only work because the UTXO set is tiny. BSV deliberately challenges this. When your ledger is designed to scale without artificial ceilings, the set of unspent outputs balloons. A wallet restoring from a mnemonic alone, without additional proof structures, starts to look quaint. For small blockers, they would argue that this is irresponsible. Right but how will wallets work in the teranode ecosystem? Because from my understanding and it was @ProjectBabbage who first brought this to my attention, that it's no longer possible to restore a wallet from just a private key alone. The issue is that with massive blocks,… — Eric Chennells (@EricChennells) July 5, 2025 That's why BSV wallets increasingly incorporate Merkle proofs alongside private keys, pinpointing funds directly with cryptographic receipts. It's an elegant solution if you can clear the mental hurdle that things shouldn't always work the way BTC taught us. Luckily, there is an official Wallet Toolbox, and lots of unofficial ways to store the UTXO set with Merkle proofs, and I foresee GorillaPool (and possibly other miners) offering UTXO sync and wallet restoration as a simple, paid service on the network. You are completely correct, amd you are one of the very few people who actually have a very good understanding of this. You deserve a massive shoutout for being an informed participant in the ridiculous thing is that your post was only seen by 23 people. You MUST… — Babbage (@ProjectBabbage) July 6, 2025 Other Dogmas: Initial sync time and 'the' mempool BTC folks boast that spinning up a full node should be quick. They can promise that because they capped the block size years ago. But if your network's goal is to become the data layer for global trade, finance, Internet of Things (IoT), and public records, that promise becomes a relic quickly. On BSV, initial sync is naturally longer. That's not a flaw, thought. It's a market opportunity. I foresee companies like GorillaPool shipping a fully synced disk image at the latest block height. Need a new archival node? Pay a modest fee, spin up in hours, and join the network with minimal downtime. It's simply a commercial solution to a commercial-scale problem. Of course, cypherpunks who want to run a node on their wife's boyfriend's computer will be upset, but opportunity waits for no one! Or consider the mempool: Bitcoin's dusty, dimly lit waiting room where your transaction sits, tapping its foot and checking its watch, awaiting the next block. In BTC, this feature is designed to create opportunities for 'important transactions' to bid higher for block space. Small blocks mean your payment often lingers in the mempool for hours, maybe days, until there's room to squeeze into a block. This is framed as decentralization at work, as the network politely queues your transaction in a traffic jam and calls it secure. On BSV, this entire dynamic changes. The mempool is typically empty. Transactions flow straight through and settle as abundant block space swallows global throughput without congestion pricing. And soon, even this concept will evolve. Under Teranode, the mempool itself starts to disappear. It's replaced by an unconfirmed transaction store inside a dedicated block assembly microservice. Nodes coordinate by exchanging massive subtrees of unconfirmed transactions, optimizing for speed, parallelization, and truly industrial-scale propagation. Instead of a dusty waiting room, it's more like an express terminal: transactions get batched, sorted, and pushed toward confirmation at a velocity that makes the mempool model look medieval. Dogma, The Third: Muh node Perhaps the most overlooked distortion is the notion that more nodes always means better decentralization. It's an easy sell at cocktail parties with Larry Fink and Jack Dorsey, but it's to the detriment of network health, and it's built on a false premise. Small blockers believe miners should always be presumed malicious, so they believe they must have lots of non-mining 'nodes' with copies of the chain ready to fork away from the chain the miners run, which is a crazy premise. So when BTC 'Muh Node' crowd says they will enforce the rule set that doesn't comply with the law, they're saying they will run a chain that isn't trading anywhere institutional anymore. Miners will follow the legal chain, and NodeBros spend a year looking for the next block. — Kurt Wuckert Jr (@kurtwuckertjr) November 14, 2019 Furthermore, a blockchain's security doesn't magically improve by bloating its edge with thousands of underpowered nodes. In fact, managing propagation across countless low-bandwidth peers introduces fragility. BSV's approach (fewer, highly robust nodes operating as industrial data centers) emphasizes throughput and reliability. The trade-off? Fewer players are in the backbone, but a network is actually capable of supporting billions of daily transactions. It's simply a different calculation of who the end user is. In BSV, it's not the node hobbyist; it's the merchant, the app developer, the billions of ordinary people paying for coffee, querying smart contracts, or timestamping invoices. None of this is inherently more righteous. But it is honest. BSV doesn't pretend that everyone must personally validate the entire chain for a payment system to be trustworthy. It leans on cryptographic proofs and competitive commercial services like the rest of our economy. You could argue that this restores Bitcoin to Satoshi's vision of a peer-to-peer cash system where trust is engineered through incentives, not socially policed by enthusiasts running Raspberry Pis. But, there's always a but… This all poses a thorny education challenge. People have been taught for 15 years that certain UX flows are normal because they grew from BTC's assumptions. Put in your seed phrase, and watch your coins appear. Fast sync times. Small chain, lightweight everything. But that's only one vision. It was never the only one. And ironically, it's the version that scales the least. Under pressure, that UX fails the common user, too. It just doesn't happen very often because aside from the 2017 bull run and the 2023 Ordinals craze, BTC gets very little real use from real people, so the congestion doesn't get experienced by many. In BSV, we will have to keep explaining why some wallets might ask you to track Merkle paths, why your node might take longer to sync, and why there's professional infrastructure where you expected hobbyist tinkering. These trade-offs aren't bugs. They're intentional, designed to support a network that can shoulder the world's economic data. In a way, it's poetic. The same debates echo from Bitcoin's earliest days: how many nodes should there be? How big can blocks get? Who is this system for? BTC's answers to those questions hardened dogma into gospel. BSV simply dares to answer differently. And as the world starts hunting for a data ledger that can carry actual commerce rather than speculative cycles, maybe we should reconsider who made the wiser bargain. Time will tell. Watch: Lessons on Triple Entry Accounting from Malta's TEA Conference
Globe and Mail
30-06-2025
- Business
- Globe and Mail
LQWD Technologies Provides Corporate Update
Vancouver, British Columbia--(Newsfile Corp. - June 30, 2025) - LQWD Technologies Corp. (TSXV: LQWD) (OTCQX: LQWDF) ("LQWD" or the "Company"), a Canadian-based Bitcoin treasury and provider of enterprise-grade solutions for the Bitcoin Lightning Network, announces that Mr. Alex Guidi has resigned from the Company's Board of Directors. "On behalf of the Board, I would like to sincerely thank and acknowledge Alex for his significant contributions," said Shone Anstey, CEO of LQWD. "We were fortunate to benefit from Alex's extensive corporate and financial expertise, as well as his infectious enthusiasm. He played a pivotal role in helping LQWD navigate a critical early phase and was instrumental in providing needed capital during our startup journey." "Today, with LQWD firmly established in the Bitcoin LN space and now surrounded by top-tier Bitcoin experts, the time is right for me to step aside," Alex Guidi commented. "I have full confidence in the experienced and passionate LQWD team to drive this Company forward. It has been an absolute pleasure working with them, and I wish the entire team continued success." LQWD is a Canadian-domiciled public company with offices in Vancouver, Canada, and Lugano, Switzerland. The Company is audited and publicly traded on the TSX Venture Exchange under the symbol LQWD, and on the OTCQX Market in the United States under the symbol LQWDF. About LQWD Technologies Corp. LQWD Technologies Corp. is advancing Bitcoin adoption through the Lightning Network — a second-layer solution that enables instant, low-cost transactions at scale. As the first public company dedicated to Lightning infrastructure, LQWD operates a network of enterprise-grade nodes designed to earn transaction fees and yield in support of network liquidity. With a strategic Bitcoin treasury accumulation mandate and infrastructure positioned for scalability, LQWD offers investors unique exposure to both the long-term appreciation of Bitcoin and the emerging potential of Lightning-based payment technology. For more information, please visit LQWD's website and connect with the Company's Lightning Network nodes in real time. 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, considering 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 news 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. 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 Company's securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.
