First Global Participates in TenCent Chinese New Year Event

TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5

TORONTOMarch 6, 2018 /CNW/ – First Global Data Limited (the “Corporation” or “First Global”) is pleased to announce that it was invited by Tencent USA, a subsidiary of Tencent Holdings (collectively “Tencent“) to take part in a marketing event at Quicken Loans Arena on February 27, 2018 during a basketball game between the Cleveland Cavaliers and the Brooklyn Nets in celebration of Chinese New Year.

First Global worked with Tencent to host a number of executives from North American retail and a variety of other strategic organizations. The event was well attended and enjoyed by all.

As set out in the Corporation’s press releases of February 1, 2018, the Corporation has entered into a strategic relationship with Tencent whereby the two companies will work closely together to expand merchant acquiring, processing and settlement services in the USA. The service is designed to enable existing WeChat users traveling from China to make payments from their WeChat mobile wallet at retailers and merchants located in the USA.

“We are very pleased to have been invited by Tencent to participate in the celebration of Chinese New Year at the Cleveland Cavaliers Brooklyn Nets game on February 27. In addition to enjoying the game and festivities, we were happy to have hosted a number of key executives representing a variety of strategic business sectors”, commented Andre Itwaru, First Global’s Chairman and CEO.

About Tencent (www.tencent.com)

Founded in November, 1998, Tencent is a leading provider of Internet value added services in China. Since its establishment, Tencent has maintained steady growth under its user-oriented operating strategies. On June 16, 2004Tencent Holdings Limited (SEHK 700) went public on the main board of the Hong Kong Stock Exchange. It is Tencent’s mission to enhance the quality of human life through Internet services. Presently, Tencent provides social platforms and digital content services under the “Connection” Strategy. Tencent’s leading Internet platforms in China – QQ (QQ Instant Messenger), Weixin/WeChat, QQ.com, QQ Games, Qzone, and Tenpay – have brought together China’s largest Internet community, to meet the various needs of Internet users including communication, information, entertainment, financial services and others.

About First Global Data Ltd. (www.firstglobaldata.com)

First Global is an international financial services technology (“FINTECH”) company. The Company’s two main lines of business are mobile payments and cross border payments. First Global’s proprietary leading edge technology enables the convergence of compliant domestic and cross border payments, shopping, Peer to Peer (“P2P”), Business to Consumer (“B2C”), and Business to Business (“B2B”) payments. First Global enables its strategic partners and clients around the world with our leading edge financial services technology platform.

Caution:
Neither TSX Venture Exchange Inc. (“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.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities offered in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward Looking Information:
This news release contains “forward-looking information” within the meaning of applicable securities laws. Although First Global believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because First Global can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. First Global undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of First Global, its securities, or financial or operating results (as applicable). First Global disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

SOURCE First Global Data Limited

For further information: Andre Itwaru, Chairman and CEO, First Global Data Limited, email: ir@firstglobaldata.com

Related Links

www.firstglobaldata.com

Ontario Residents Rant About Election

From this morning’s impromptu coffee chat with some local residents at Tim Horton’s. These are some comments I gathered from a small group of coffee sippers this morning and tried to get it as close to what I heard as possible. So don’t attack me please, just give your thoughts to what has been aired.
 
Doug Ford was on CP24 this morning talking about Patrick Brown cutting a deal with Christine Elliott to endorse her in return for keeping his seat. If that is true, there are now three things that are of concern about Elliott;
 
1) That she is playing the same old backroom deals that have tainted the Ontario Liberal government’s reputation over the last few years,
 
2) Her lack of loyalty to the party as expressed through her accepting a job from Kathleen Wynn, and
 
3) Her philosophy and approach as shown through the debate last week showing her unwillingness to take out the brook and clean out the waste, dust and nonsense from Kathleen’s attack on Ontario’s traditional lifestyle and family structure.
 
If the Conservatives are to win the next election, they need to elect a leader who is capable of representing the people with a clear focus on every Ontarian and break lose from the corrupt relationships with special interest groups for the sake of looking good among ill-informed voters. Then they need to campaign hard to make sure that they get as many Ontarians out as possible to vote!
 
Then they need to have a clear plan to:
 
1. Help average taxpayers with being able to earn a living and afford their own house. Unless you’re a government employee or union worker in Ontario, it’s almost impossible to buy your first home without family help. This has to change. With homes costing over $1M and the new mortgage rules/stress test, banks unwillingness to lend, even someone earning $250,000 can’t afford to buy a home without a significant down payment. At $244,000 individuals have to give the government 55% of each additional dollar they earn and they only get to keep 45%. How is this ‘regressive tax system’ fair or even good for everyone when the best and brightest leave once they get to those income levels?
 
2. Support small business (which accounts for 90% of job creation in Canada) through
a) reducing red tape and regulations. The Liberal’s have shown their dislike of small business with statements like ‘if you can’t afford to pay more for wages you shouldn’t be in business’. This philosophical attack on small business has to be reversed. They should be saying, ‘how can we help you hire more people and give them the opportunity to earn more as they add more value to your business’.
b) the redundancy of unions and the Ontario labour act has to be addressed. We don’t need both. So, decide on which way you want to go and focus on it. Once the government started dictating wages and other terms of employment it basically has replaced what unions were originally meant to do…stop the exploitation of workers and provide them with security. Well the government is doing that directly now. So why are companies forced to double regulation?
 
3. Electricity expenses. If you want to have union jobs that result in higher wages than other jurisdictions we compete with, then you have to reduce other expenses. Why are we paying so much more for electricity than we should? We can’t even compete with mass production or automation because we’re competing with countries with much lower energy costs. Find a way to drop electricity expenses for manufacturers in Ontario.
 
4. Housing availability and traffic congestion. Wynn has thrown money at the same old things that have created these problems to begin with. The underlying issue with traffic and affordability is supply and demand combined with the NECESSITY FOR DAILY TRAVEL. In Europe they got it right when they have people living where they work. Why are we having people commute 30-40 kms to get to work? Create the incentive and support to have people work closer to home. Adjust zoning to include commercial in residential neighbourhoods. Make it more affordable to build houses in different areas on non-fertile farm land. Why are we paying an upwards of $25,000 per unit for building/development permits, t hen paying double land transfer taxes in Toronto? The government is taking as much as $100,000 in these and related taxes just to build a home. Why? This money goes to general expenses (bureaucracy?).
 
5. Quality of education. The quality of education in Ontario has dropped significantly over the last 25 years! I’ve come across some really bad teachers in the school system who shouldn’t be allowed near children, let alone teach them. Why is it so hard to get rid of these bad teachers, but more importantly, WHY IS THE MINISTRY OF EDUCATION PUTTING TEACHER JOB SECURITY AHEAD OF THE EDUCATION, DEVELOPMENT AND PSYCHOLOGICAL HEALTH OF THE CHILDREN? Wynn was so interested in sex education, but she did nothing for addressing the quality of education issue or how to deal with the Teacher’s Union which is allowing some teachers to destroy the self-confidence, motivation and future potential of young children. What is your plan?
 
Your thoughts? 

First Global Data Director Buys 159,500 Shares

A First Global Data Ltd (traded on the CVE as FGD) Director Peter Alan Lacey bought 159,500 shares of the company at an average price of C$0.22 per share (Total of C$35,090,00) in a transaction dated Thursday, March 1st.

Recently, director Peter Alan Lacey also made the following trade(s):

  • On Wednesday, December 13th, bought 139,000 shares of First Global Data stock  at an average price of C$0.22 per share, for a total of C$30,580.00.
  • On Friday, January 12th, bought 698,000 shares of First Global Data stock at an average price of C$0.22 per share, for a total of C$153,560.00.

 

Shares of First Global Data were up C$0.01 on Friday, hitting C$0.21 with 151,650 shares of the stock traded (compared to its average volume of 848,684.

 

First Global Data Ltd is a small-cap stock with a twelve month low of C$0.19 and a twelve month high of C$1.00.

 

About First Global Data Ltd. (www.firstglobaldata.com)

First Global is an international financial services technology (“FINTECH”) company. The Company’s two main lines of business are mobile payments and cross border payments. First Global’s proprietary leading edge technology enables the convergence of compliant domestic and cross border payments, shopping, Peer to Peer (“P2P”), Business to Consumer (“B2C”), and Business to Business (“B2B”) payments. First Global enables its strategic partners and clients around the world with our leading edge financial services technology platform.

First Global Data Closes First Tranche of Private Placement

Toronto, Ontario–(Newsfile Corp. – February 28, 2018) – First Global Data Limited (TSXV: FGD) (FSE: 1G5) (the “Corporation“) is pleased to announce that it has closed the first tranche (“First Tranche“) of a non-brokered private placement (the “Private Placement“) previously announced in its press release of February 8, 2018. In this First Tranche, the Company issued an aggregate of 7,272,000 units (the “Units“) at a price of $0.25 per unit for aggregate gross proceeds of $1,818,000.00.

Each unit in the Private Placement consists of one (1) common share and one (1) common share purchase warrant (“Warrant“). Each Warrant entitles the holder to purchase one (1) common share for a period of two (2) years from date of issuance at an exercise price of $0.40 per Warrant.

The Private Placement remains open and subject to all necessary final 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. The Corporation intends to use net proceeds for general working capital and the retirement of debt.

About First Global Data Ltd. (www.firstglobaldata.com)

First Global is an international financial services technology (“FINTECH”) company. The Company’s two main lines of business are mobile payments and cross border payments. First Global’s proprietary leading edge technology enables the convergence of compliant domestic and cross border payments, shopping, Peer to Peer (“P2P”), Business to Consumer (“B2C”), and Business to Business (“B2B”) payments. First Global enables its strategic partners and clients around the world with our leading edge financial services technology platform.

For further information please contact:
Andre Itwaru, Chairman and CEO
(416) 504-3813 ext. 204
First Global Data Limited
email: ir@firstglobaldata.com

Caution:

Neither TSX Venture Exchange Inc. (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.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities offered in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward Looking Information:
This news release contains forward-looking information within the meaning of applicable securities laws. Although First Global believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because First Global can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. First Global undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of First Global, its securities, or financial or operating results (as applicable). First Global disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

Read more at http://www.stockhouse.com/news/press-releases/2018/02/28/first-global-announces-private-placement#hM2BQQ1dxfzKKJsf.99