Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

GlobeX Data closes its C$1.2M private placement financing

% of readers think this story is Fact. Add your two cents.

GlobeX Data Ltd (OTCQB:SWISF) (CSE:SWIS) (FRA:GDT) reported that it has completed its previously-announced C$1.2 million non-brokered private placement equity financing, after issuing 4,076,400 units of the company at a price of C$0.30 per unit. 

The company said the proceeds will be used primarily for operational sales and the marketing of its Sekur security solution, offering secure email, instant messaging and file sharing, as well as any other marketing-related activity for sales in Canada, the US, Latin America and South Asia. 

“We are very pleased with the demand we have received from our investors for this private placement. This placement effectively puts the company in a much better position than it was even right after the IPO in July 2019,” GlobeX Data CEO Alain Ghiai said in a statement.

READ: GlobeX Data sees strong interest in secure communication products as work-from-home population balloons

“With more than twice the amount of cash now than in July 2019 and no debt whatsoever, our solutions ready to be deployed in Latin America, the US mass markets, and Canada, we are in an excellent position to move forward as planned,” Ghiai added.

As well, the company noted that its CEO subscribed for 1.75 million units of the private placement, which represents nearly 42% of the total offering.  

Each unit of the private placement consisted of one common share plus one-half of one share purchase warrant, entitling the holder to purchase a common share at a price of $0.50 per share for a two-year term.

GlobeX’s data privacy solutions for secure data management and secure communications are all hosted in Switzerland, protecting users’ data from any outside data intrusion requests. In Switzerland, the right to privacy is guaranteed in article 13 of the Swiss Federal Constitution.

The company distributes a suite of secure cloud-based storage, disaster recovery, document management, encrypted e-mails, and secure communication tools.

Contact Sean at [email protected]

Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Load more ...




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.