|By Marketwired .||
|June 20, 2014 06:37 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/20/14 -- LX Ventures Inc. (TSX VENTURE:LXV), an acquirer and accelerator of high potential technology companies, has arranged a non-brokered private placement in which it will raise up to $1,275,000. In connection with the offering, LX Ventures will issue up to 17,000,000 units at a price of $0.075 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share at a price of $0.17 for a period of 12 months from the closing of the offering, subject to certain acceleration provisions in the event that the shares trade at $0.25 or higher for 10 consecutive trading days. All securities issued in connection with the offering will be subject to a four month and one day hold period.
The private placement proceeds will be used by LX Ventures to further advance its Mobio social media platform with product enhancements such as video capabilities, improved usability, and integration with Strutta's social promotions platform. The proceeds will also be used to accelerate the 'Be Social. Get Paid' revenue sharing platform for a broader audience of influencers, and for general corporate purposes.
LX Ventures will pay finder's fees to certain eligible persons for subscriptions from qualified investors who have been introduced by such finders. Certain insiders of the Company will effect trades privately, or through the facilities of the Exchange, with the intention of facilitating participation in the offering.
About LX Ventures
LX Ventures identifies high potential technology companies at revenue and brings together the right mix of talent, experience and resources to rapidly accelerate each company's growth. Our value-added approach is now being used to focus Mobio INsider on scaling, driving revenue and expanding market share, and on integrating the Strutta social promotions platform into a converged social media offering. LX Ventures is a publicly traded company on the TSX-V, headquartered in Vancouver, BC. To learn more, visit http://www.lxventures.com.
ON BEHALF OF THE BOARD
LX VENTURES INC.
Mike Edwards, CEO
CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX Ventures are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX Ventures are those risks described herein and from time to time, in the filings made by LX Ventures with Canadian securities regulators. Those filings can be found on the Internet at: http://www.sedar.com.
Neither the TSX Venture Exchange nor its Regulatory 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.
Liolios Group Inc.
Scott Liolios or Wojtek Nowak
Dec. 28, 2014 10:00 AM EST Reads: 2,485
Dec. 28, 2014 10:00 AM EST Reads: 1,932
Dec. 28, 2014 09:45 AM EST Reads: 1,932
Dec. 28, 2014 09:00 AM EST Reads: 1,393
Dec. 28, 2014 08:30 AM EST Reads: 2,007
Dec. 28, 2014 08:30 AM EST Reads: 2,244
Dec. 28, 2014 08:00 AM EST Reads: 2,730
Dec. 28, 2014 05:45 AM EST Reads: 2,310
Dec. 28, 2014 05:30 AM EST Reads: 1,926
Dec. 28, 2014 05:30 AM EST Reads: 1,880
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Ar...
Dec. 28, 2014 04:00 AM EST Reads: 2,532
The 3rd International @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to th...
Dec. 28, 2014 03:45 AM EST Reads: 2,814
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, focused on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud platfo...
Dec. 28, 2014 03:30 AM EST Reads: 2,602
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
Dec. 28, 2014 03:00 AM EST Reads: 2,091
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 27, 2014 07:45 PM EST Reads: 2,057