/This news release is intended for distribution only in
Canada and is not intended for
distribution to US newswire services, or for release, publication,
or distribution in whole or in part, in or in the United States or in the United States./
TORONTO and MELBOURNE, April 20,
2021 /CNW/ - BANXA (TSXV: BNXA) (OTCQX: BNXAF)
(FSE: AC00) ("BANXA" or the "Company") Banxa announced
today that Domenic Carosa Chairman,
will be participating in the following upcoming virtual conferences
and panels:
Stifel GMP Canada CSI Conference
Wednesday April 21, 2021 – Panel discussion at
10:30am EDT (7:30am PDT)
Panel: Blockchain: Infrastructure, Ecosystem, and Applications
Participants: Founder/Chairman Banxa Holdings Inc, Jaime Leverton, CEO, Hut 8 Mining Corp and
Stephen Ehrlich, CEO &
Co-Founder, Voyager Digital Ltd.
Conference details: https://bit.ly/3gqGhIS
Planet MicroCap Showcase Virtual Event
Thursday April 22, 2021 – Investor Presentation
at 8:00am EDT (5:00am PDT)
The Planet MicroCap Showcase Virtual Event brings together
promising companies and investors for a three day event. Register
on the event website to listen to the keynote address or attend the
investor presentation: https://planetmicrocapshowcase.com/
HC Wainwright Cryptocurrency, Blockchain & Fintech
Conference
Tuesday April 27th,
2021 at 7:00am EDT
(4:00am PDT)
Domenic will be providing a virtual investor update
presentation.
Conference is only available to HC Wainwright clients
Domenic Carosa, Chairman of Banxa
comments, "The explosive growth has fuelled interest in digital
assets, a greater number of new entrants are seeking to
participate. Our aim at Banxa is to provide the infrastructure for
these new enthusiasts to enter safely. There's a lot of opportunity
for Banxa to engage with this community so we have decided to
participate in a number of virtual conferences and host a series of
virtual summits to discuss the market, the sector and the
company."
The company is also issuing a correction to its previously
disseminated press release dated April 8,
2021 (the "Closing Press Release"). The Closing Press
Release announced the completion of a previously announced brokered
private placement (the "Offering") of units of the Company
("Units") for aggregate gross proceeds of $14,998,208. The Offering was completed through a
syndicate of agents including Stifel GMP ("Stifel") and Eight
Capital Corp. ("ECC"), as co-lead agents and PI Financial Corp.
(together with Stifel and ECC, the "Agents") on a best efforts
basis.
The Closing Press Release incorrectly omitted certain
considerations received by Gleneagle Securities (Aust) Pty Ltd.
("Gleneagle") and H.C. Wainwright & Co., LLC ("HC Wainwright").
As consideration for Gleneagle's services in connection with Units
issued under a president's list agreed upon by the Company and the
Agents (the "President's List"), Gleneagle received a cash
commission of $337,444.20 equal to
4.5% of the gross proceeds from the President's List. The Company
also issued to Gleneagle 121,854 common share purchase warrants of
the Company (the "Finder Warrants") equal to 6.5% of the number of
Units sold under the President's List. Each Finder Warrant is
exercisable into one common share of the Company at a price of
$8.50 for a period of 42 months
following the closing date of the Offering, subject to adjustment
in certain events. HC Wainwright also received a tail fee (the
"Tail Fee") consisting of a cash commission of $80,000 and 20,000 Finder Warrants. The Tail Fee
was paid to HC Wainwright pursuant to a previously terminated
engagement agreement between the Company and HC Wainwright.
The consideration received by Gleneagle and HC Wainwright is in
addition to the consideration received by Agents as described in
the Closing Press Release. The terms of the Offering and the
original compensation received by the Agents remain the same as
disclosed in the Closing Press Release.
ON BEHALF OF THE BOARD OF DIRECTORS
Per: "DOMENIC CAROSA"
Domenic
Carosa
Chairman (1-888-218-6863)
About BANXA
"BANXA - Banxa Holdings Inc.
(TSX-V:BNXA/OTCQX:BNXAF/FSE:AC00) is a Payment Service Provider
(PSP) with a mission to build the bridge between traditional
financial systems, regulation and the digital asset space. Our goal
is to onboard the general public to digital currency by building a
fully compliant payment infrastructure that enables simple and
secure conversion of fiat currency to digital currency (eg. USD/CAD
to BTC/ETH). Banxa has offices in Australia and the
Netherlands. For further information go to
www.banxa.com"
This news release may contain "forward-looking statements"
within the meaning of applicable Canadian securities laws.
Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
management, are inherently subject to significant business,
economic and competitive uncertainties, and contingencies. These
statements generally can be identified by the use of
forward-looking words such as "may", "should", "will", "could",
"intend", "estimate", "plan", "anticipate", "expect", "believe" or
"continue", or the negative thereof or similar variations.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause future results,
performance or achievements to be materially different from the
estimated future results, performance or achievements expressed or
implied by those forward-looking statements and the forward-looking
statements are not guarantees of future performance. BANXA's
statements expressed or implied by these forward-looking statements
are subject to a number of risks, uncertainties, and conditions,
many of which are outside of BANXA's control, and undue reliance
should not be placed on such statements. Forward-looking statements
are qualified in their entirety by the inherent risks and
uncertainties of the Company's business, including: BANXA's
assumptions in making forward-looking statements may prove to be
incorrect; adverse market conditions, including risks related to
COVID-19 and risks that future results may vary from historical
results. Except as required by securities law, BANXA does not
assume any obligation to update or revise any forward-looking
statements, whether as a result of new information, events or
otherwise.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For Further Information, see www.banxa.com
SOURCE Banxa Holding Inc