LLNKF - LiteLink inks LOI to acquire equity stake in CatalX

LiteLink Technologies (LLNKF) signed a letter of intent to complete an equity investment in CatalX Exchange, Canada's premier cryptocurrency exchange with over 40+ Altcoins available for purchase on CatalX.io.The proposed equity investment will be satisfied through the issuance of 37.5M shares of LiteLink to CatalX and a cash payment to CatalX of C$500K leading to a LiteLink having ownership and control over 19%+ of the outstanding share capital of CatalX."CatalX has had an outstanding year and continues to grow. In January 2021 alone, the company experienced 80% growth in new registrations Q/Q and has already clocked in $1.05M in deposits in the first 21 days of January," CEO Peter Green commented.CatalX has also experienced significant growth in its trading volumes, with first 3.5 weeks of January, the trading volume was sitting at $2.85M and is expected to reach $5M for January (+50% from its October/November average of $725K).

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LiteLink inks LOI to acquire equity stake in CatalX