VANCOUVER, Dec. 20, 2019 /CNW/ - Virtual currency
applications developer, Interlapse Technologies Corp. (TSXV: INLA /
OTCQB: INLAF), is pleased to announce that it has closed the
previously announced non-brokered private placement by issuing a
total 7,500,000 common shares, at a price of CDN$0.10 per common share, to raise gross
proceeds of CDN$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 from this offering 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 25,025,644 shares outstanding
(27,675,644 fully diluted).
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.
SOURCE Interlapse Technologies Corp.