Sekur Private Data Ltd C.SKUR

Oversubscribed Private Placement

[SoulTsunami]

https://ceo.ca/@accesswire/globex-data-ltd-announces-oversubscribed-private-placement

GlobeX Data Ltd. Announces Oversubscribed Private Placement

TORONTO, ON / ACCESSWIRE / January 4, 2021 / 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 received interest for an oversubscribed private placement offering for a total of 9,000,000 Units (as defined below) at a price of CA$0.12 per Unit for total gross proceeds of CA$1,080,000.

Each Unit consists of one common share (a "Share") and one share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase an additional share at a price of $0.15 per share for a two-year term (the "Warrant Term").

The private placement was oversubscribed, since there was a limit of 9,000,000 units available under a previous filing with the CSE for a price reservation expiring January 16 2021. The Company is now processing all the administrative work in order to close the financing and file all regulatory papers and notices by January 15 2021. A separate press release will be issued with full details of the financing gross and net proceeds and any fees associated with this financing.

The Company CEO and CFO are participating in the placement as well with subscriptions of 1.65 million units, or almost 19% of the total offering.

The Company plans to use the proceeds of this financing primarily or the marketing of its Sekur security solution offering secure email, instant messaging and file sharing, as well as any other marketing related activity for sales in North America, Latin America and South Asia.

About GlobeX Data Ltd.
GlobeX Data Ltd. is a Cybersecurity and Internet privacy provider of Swiss hosted solutions for secure data management and secure communications. The Company distributes a suite of secure cloud-based storage, disaster recovery, document management, encrypted e-mails, and secure communication tools. GlobeX Data Ltd. sells its products through its approved wholesalers and distributors, and telecommunications companies worldwide. GlobeX Data Ltd. serves consumers, businesses and governments worldwide.

On behalf of Management
GLOBEX DATA LTD.
Alain Ghiai
President and Chief Executive Officer

[PaperBoi222]

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[auricgold]

PaperBoi, look at it this way. The company now is solidly funded, and has more cash for marketing. Rembmer, they are going to push heavily with SYNNEX Canada and looks like the USA is a marketing target as well. If they manage to get 10,000 users in the USA via their direct marketing, it generates revenues of 1.5 million CAD and they get to keep the entire revenue as opposed to giving away 50% to

[PaperBoi222]

This post has been removed in accordance with Community Policy

[auricgold]

Yes, let this breath a bit. Company has full cash and they have a big plan for this year. This is a long term 12 months or more story.  You got to let it unforld. CEO is back on the news and the interview trail on paidpromotionalmessages.com . If you look at their press releases you can guess what is coming down the pipe this year.

[auricgold]

Yes, let this breath a bit. Company has full cash and they have a big plan for this year. This is a long term 12 months or more story.  You got to let it unforld. CEO is back on the news and the interview trail on ppaidpromotionalmessages.com . If you look at their press releases you can guess what is coming down the pipe this year.