LiteLink Technologies Inc. unveils plans to change company name to TechX Technologies Inc.

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“This rebranding strategy reflects the company’s vision for the future, and its broader technological commitment and expertise in driving the innovations needed to shape the future of the areas of digital technology solutions through cryptocurrency. , blockchain, AI, IOT and the cloud, ”said LiteLink CEO. Green Stone

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

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

READ: LiteLink Technologies Completes Previously Announced Private Placement For Gross Proceeds Of CA $ 1,005,000

With the increase in the addressable market for 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. The digital payment company Ubuck Technologies is majority owned by Litelink Technologies Inc.

Completion of the name change remains subject to the approval of the Canadian Securities Exchange. The company said it will issue another press release before the change takes effect.

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

On Tuesday, Litelink announced that it had completed a previously announced private placement. The placement consisted of 10,050,000 common shares priced at C $ 0.10 for gross proceeds of C $ 1,005,000.

The proceeds of the offering will be used by the Company for future acquisitions and organic growth investments, including the operations of subsidiaries and / or holding companies, working capital and general corporate objectives.

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