TORONTO, ONTARIO--(Marketwired - July 25, 2013) - First Global Data Limited ("First Global" or the "Company") (TSX VENTURE:FGD) would like to announce that it intends to raise gross proceeds of up to $1 million through a non-brokered private placement of up to 7,407,407 units (the "Units") of the Company at a price of $0.135 per Unit. Each Unit will consist of one (1) common share and one-half (1/2) of one common share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase one common share at a price of $0.50 for a period of two (2) years from date of issuance. A finder's fee may be paid by the Company in connection with the private placement.

The non-brokered private placement is subject to all necessary regulatory approvals. The securities being issued in the private placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws.

First Global will use the proceeds from the sale of the Units to (i) increase its reserve fund (in the money remittance business known as the "float") and (ii) for general working capital.

About First Global

The Corporation, through its wholly owned subsidiary, First Global Data Corporation, is in the business of delivering among other things, online and mobile money consumer services internationally. Services include international money remittance, mobile peer to peer transactions, mobile payments, online and mobile payroll and bill payment solutions. First Global also enables its strategic partners and clients around the world with leading edge financial services technology products. First Global's goal is to become the global leader in the mobile money and online financial services sector. First Global maintains a strong focus on compliance and holds licenses in the USA, Canada and other regions around the world. The Corporation's electronic transaction infrastructure currently extends to approximately 49 countries worldwide through its own and third party agent and partner network, with a focus on significant expansion globally.

Neither 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.

This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Corporation's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Corporation has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.