LQwD FinTech Corp. (TSXV:LQWD) announced a non-brokered private placement of a minimum of 20,000,000 subscription receipts at a price of CAD 0.25 each for minimum gross proceeds of CAD 5,000,000 on November 23, 2020. Each subscription receipt comprises of one common share of the company and one half of a share purchase warrant. Each warrant entitles the holder to subscribe for one additional share at a price of CAD 0.40 per share for a period of 12 months from the date of issuance. The company may pay finders' fees in the transaction. The Subscription Receipts and the securities into which they are convertible, bear a hold period of four months and a day from the closing of the transaction. The company may accelerate the warrant expiry date in the event that the volume weighted average trading price of the shares on the exchange equals or exceeds $0.60 on each of those 10 consecutive days, by the company giving notice in writing to the holders that the warrants will expire on the date that is the earlier of the 30th day following the giving of such notice unless exercised by the holders prior to such date, and the original expiry date of the warrants or greater for a period of 10 consecutive trading days. The company may pay a finder's fee in cash of CAD 249,150, which represents a 7% of the total gross proceeds and 672,000 finder's warrants. Each broker warrant is exercisable to acquire one share at a price of $0.40 per Share and 35,000 finder's units with each finder's unit converting into one share and one-half of one share purchase warrant, with each whole such warrant entitling the holder thereof to purchase one additional Share at a price of $0.40 per Share.