Lynx Global acquires Australia based Arkin Technologies in a share exchange deal

Acquisition of Arkin provides Lynx Global with the capability to operate as a licensed digital currency business

VANCOUVER: Lynx Global Digital Finance Corporation on April 30, 2021 closed the acquisition of a 51% equity interest of Australia based, Arkin Technologies Pty Ltd.

Lynx Global issued an aggregate of 1.114 million common shares and 250,000 share purchase warrants (entitling acquisition of an additional 250,000 common shares at a price per Share of $1.17) in exchange for a 51% equity interest in the issued and outstanding common shares of Arkin.

The Consideration Warrants are exercisable for a period of two years from the Closing Date.

The Consideration Shares and any Shares issued upon exercise of the Consideration Warrants are subject to regulatory and voluntary pooling restrictions on resale in the following aggregate amounts until the following dates:

(a) 70% of the Consideration Shares and any Shares issued upon exercise of the Consideration Warrants, shall be subject to restrictions on resale until the date which is four months plus one day from the Closing Date;

(b) an additional 10% of the Consideration Shares and an additional10% of any Shares issued upon exercise of the Consideration Warrants, shall be subject to restrictions on resale until the date which is one-hundred fifty (150) days from the Closing Date;

(c) an additional 10% of the Consideration Shares and an additional 10% of any Shares issued upon exercise of the Consideration Warrants, shall be subject to restrictions on resale until the date which is one-hundred eighty (180) days from the Closing Date; and

(d) an additional 10% of the Consideration Shares and an additional 10% of any Shares issued upon exercise of the Consideration Warrants, shall be subject to restrictions on resale until the date which is two-hundred ten (210) days from the Closing Date.

100% of the Consideration Shares and any Shares issued upon exercise of the Consideration Warrants will also be subject to a statutory hold period of four months and one day.

In connection with the Acquisition, Lynx Global issued a Finder’s Fee equal to 7.5% of the Consideration Shares.

The Acquisition does not constitute a fundamental change for the Company and does not result in a change of control of the Company.

Arkin is an Australian Transaction Reports and Analysis Centre (AUSTRAC) registered holder of a Digital Currency Exchange Service Provider and Remittance License in Australia.

It provides Lynx Global with the capability to operate as a licensed digital currency business active in the exchange and trade of cash for digital (crypto) currency, and/or digital (crypto) currency for cash (FIAT) (whether in Australian dollars or in other foreign currency options).

Services can be offered domestically in Australia, but may also be through the integrated international remittance and cryptocurrency trading network infrastructure that the Company is presently establishing in the ASEAN and Oceania region.

Lynx Global seeks to become a leader in financial technology, solutions, and services for large-scale merchants, financial institutions, and other B2B industry partners by way of integration to the Lynx digital payment platform.

The Company’s payment solutions are powered by a broad suite of payment technologies and services. The Company has targeted banking and fintech relationships South East Asia and Oceania.

www.lynxglobal.io

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