Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.
If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.
* Price is subject to applicable taxes.
Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.
(TheNewswire)
Toronto, Ontario – TheNewswire - May 20 2020 – GlobeX Data Ltd. (OTCQB:SWISF) (CSE:SWIS) (CNSX:SWIS.CN) (“GlobeX” or the “Company”), the leader in Swiss hosted cyber security and Internet privacy solutions for secure data management and secure communications, is pleased to announce that it has closed a private placement offering on May 19 2020, issuing a total of 851,053 Units (as defined below) at a price of $0.12 per Unit for total proceeds of $102,126.44.
Each Unit consists of one common share (a “Share”)
and one share purchase warrant (a “Warrant”). Each Warrant will
entitle the holder to purchase an additional share at a price of $0.13
per share for a one-year term (the “Warrant Term”). The Company
will have the right to accelerate the expiry date of the Warrant Term
provided that the Company's VWAP on the CSE is at or above $0.15 for a
period of 10 consecutive trading days. In the event of acceleration,
the expiry date of the Warrant Term will be accelerated to a date that
is 10 business days the Company issues a news release announcing that
it has elected to exercise this acceleration right.
About GlobeX Data
Ltd.
GlobeX Data Ltd.
is a Cybersecurity and Internet privacy provider of Swiss hosted
solutions for secure data management and secure communications. The
Company distributes a suite of secure cloud-based storage, disaster
recovery, document management, encrypted e-mails, and secure
communication tools. GlobeX Data Ltd. sells its products through its
approved wholesalers and distributors, and telecommunications
companies worldwide. GlobeX Data Ltd. serves consumers, businesses and
governments worldwide.
On behalf of
Management
GLOBEX DATA LTD.
Alain
Ghiai
President and
Chief Executive Officer
+1.416.644.8690
[email protected]
For more
information please contact GlobeX Data at [email protected] or visit us at
https://globexdatagroup.com.
Forward Looking
Information
This news
release contains certain forward-looking information within the
meaning of applicable Canadian securities laws ("forward-looking
statements"). All statements other than statements of present or
historical fact are forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of words
such as "anticipate", "achieve",
"could", "believe", "plan",
"intend", "objective", "continuous",
"ongoing", "estimate", "outlook",
"expect", "project" and similar words, including
negatives thereof, suggesting future outcomes or that certain events
or conditions "may" or "will" occur. These
statements are only predictions. These statements reflect
management’s current estimates, beliefs, intentions and
expectations; they are not guarantees of future performance. GlobeX
cautions that all forward-looking statements are inherently uncertain
and that actual performance may be affected by a number of material
factors, many of which are beyond GlobeX’s control. Such factors
include, among other things: risks and uncertainties relating to the
future of the Company’s business; the success of marketing and sales
efforts of the Company; the projections prepared in house and
projections delivered by channel partners; the Company’s ability to
complete the necessary software updates; increases in sales as a
result of investments software development technology; consumer
interest in the Products; future sales plans and strategies; reliance
on large channel partners and expectations of renewals to ongoing
agreements with these partners; anticipated events and trends; the
economy and other future conditions; and other risks and
uncertainties, including those described in GlobeX’s prospectus
dated May 8, 2019 filed with the Canadian Securities Administrators
and available on www.sedar.com. Accordingly, actual
and future events, conditions and results may differ materially from
the estimates, beliefs, intentions and expectations expressed or
implied in the forward-looking information. Except as required under
applicable securities legislation, GlobeX undertakes no obligation to
publicly update or revise forward-looking information.
Copyright (c) 2020 TheNewswire - All rights reserved.
We use cookies to tailor your experience, measure site performance and present relevant offers and advertisements. By clicking ‘Accept’ or any content on this site, you agree that cookies can be placed on your browser. You can view our privacy policy to learn more.
If you want a better viewing and privacy experience, join us as Canadian Insider Club Ultra member to eliminate third-party ads