Interlapse Announces Private Placement to Fund Coincurve Launch in Asia

VANCOUVER, Sept. 23, 2019 /CNW/ - Interlapse Technologies Corp. (TSXV: INLA), is pleased to announce a non-brokered private placement of approximately 2,000,000 common shares at a price of $0.35. The common shares issued under this private placement will be subject to resale restrictions for a period of four months from the closing date.

Following the successful Canadian launch on June 19, 2019 and the positive performance of the Company's coincurve.com virtual currency platform, Interlapse plans to use the funding proceeds to launch Coincurve into select Asian countries.

Empowering the Future of Commerce
Interlapse Technologies Corp. is a Canadian based FinTech company focused on developing the next-generation of applications for virtual currency. Our coincurve.com platform, with payment and financial infrastructure, accelerates the global mega trend of virtual currency adoption and the transformation of money. To learn more, visit interlapse.com

Interlapse currently has 17,465,644 shares outstanding (20,075,644 fully diluted).

Completion of the private placement is subject to several conditions, including TSXV final acceptance. There can be no assurance that the private placement will be completed as proposed or at all. Investors are cautioned that any information released or received with respect to the private placement may not be accurate or complete and should not be relied upon. Trading in the securities of Interlapse should be considered highly speculative. The TSXV has in no way passed upon the merits of the private placement and has neither approved the private placement nor disapproved the contents of this press release.

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information
Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of Interlapse. In making the forward-looking statements, Interlapse has applied certain assumptions that are based on information available, including Interlapse's strategic plan for the near and mid-term. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Interlapse does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE Interlapse Technologies Corp.

Ashley Garnot, Corporate Development, Phone: [phone], Email: [email protected], Website: www.interlapse.com