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GlobeX Data Ltd. Announces Acceleration of Warrants Expiry Date Issued in Conjunction with May 20th 2020 Private Placements


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TORONTO, ON / ACCESSWIRE / January 15, 2021 / Toronto, Ontario, GlobeX Data Ltd. (OTCQB:SWISF)(CSE:SWIS) ( GlobeX or the Company ), the leader in Swiss hosted secure data management and secure communications, is pleased to announce that it has exercised its right to accelerate the expiry date of voting share purchase warrants (the Warrants ) issued to participants in the Company s private placement, which closed in May 2020 (the Offering ). Participants have twenty days from the date of notice of the acceleration to exercise their Warrants.
Each Warrant issued in conjunction with the Offerings entitled the holder to purchase one voting share in the capital of GlobeX Data Ltd. for a period of 12 months from May 20, 2020 (i.e. May 20, 2021) at an exercise price of C$0.13 per share, subject to adjustment in certain events. GlobeX Data Ltd. retained the right to require the acceleration of the expiry date of these Warrants if the Company s ten-trading-day volume-weight ....

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