LiteLink Technologies unveils plan to change company name to TechX Technologies

LiteLink Technologies Inc. (CSE:LLT) (OTCMKTS:LLNKD) (FRA:C0B:FF) has unveiled plans to change the company name to TechX Technologies Inc.

“This rebranding strategy reflects the Company’s vision for the future, and it’s broader technology commitment and expertise in driving the innovations needed to shape the future of areas in digital technology solutions across cryptocurrency, blockchain, AI, IOT and cloud” said LiteLink Chairman and CEO Peter Green in a statement.

READ: LiteLink Technologies completes previously announced private placement for gross proceeds of C$1,005,000

With the increasing addressable market in digital assets, the company said it will continue to acquire, operate and make strategic investments in this space, and provide accretive value to the group and its shareholders. Digital payments firm Ubuck Technologies is majority-owned by Litelink Technologies Inc.

Completion of the name change remains subject to approval of the Canadian Securities Exchange. The company said it will issue a further news release prior to the change taking effect.

LiteLink is focused on emerging technologies across growth sectors including: crypto, blockchain, AI, IOT and cloud-based technologies. Led by senior leaders and industry experts, the company invests in and provides subject matter experts within portfolio companies to accelerate success and maximize value for shareholders.

On Tuesday, Litelink announced that it has completed a previously announced private placement.  The offering was comprised of 10,050,000 common shares at a price of C$0.10 for gross proceeds of C$1,005,000.

Proceeds from the offering will be used by the company for future acquisitions and organic growth investments, including operations by subsidiaries and/or portfolio companies, working capital, and general corporate purposes. 

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Story by ProactiveInvestors