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Wednesday, 11/04/2020 1:32:33 AM

Wednesday, November 04, 2020 1:32:33 AM

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$SWISF 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 the Board of Directors of GlobeX Data has approved the issuance of up to 3,333,333 Units (as defined below) at a price of $0.12 per Unit for total proceeds of CA$ 400,000 in connection to a non-brokered private placement. 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").