LQwD FinTech Corp. announced a non-brokered private placement of up to 1,153,846 units at a price of CAD 0.65 per unit for the aggregate gross proceeds of CAD 750,000 on May 2, 2023. Each unit will consist of one common share and one common share purchase warrant, with each warrant exercisable for one common share at an exercise price of CAD 0.85 per common share at any time up to 24 months following the closing date of the transaction.

The transaction is subject to regulatory approvals, including acceptance of the TSX Venture Exchange. The company will not pay finder's fees in connection with the transaction.