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Lynx Global Digital Finance Corporation: Lynx Global to Acquire Controlling Interest in Philippine Based Bank

Lynx Global to Acquire Controlling Interest in Philippine Based | The Kingston Whig Standard

Vancouver, British Columbia–(Newsfile Corp. – May 13, 2021) – Lynx Global Digital Finance Corporation (CSE: LYNX) (OTC Pink: CNONF) (FSE: 3CT0) (“Lynx” or the “Company”) is pleased to announce it has entered into a memorandum of understanding (the “ MOU“) for the acquisition of 100% of the issued and outstanding shares of Ausphil Technologies Pty. Ltd. (“ Ausphil’), an Australian private company, that holds a 52.15% equity interest in Binangonan Rural Bank Inc. (“ BRB“), a Philippine based company that has operated in the banking sector since October 1961. As at the date of this news release the Company has now completed its due diligence assessment and will now make every effort to close the acquisition, at/before May 28, 2021.

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