Vancouver, British Columbia–(Newsfile Corp. – June 10, 2021) – Lynx Global Digital Finance Corporation (CSE: LYNX) (OTC Pink: CNONF) (FSE: 3CT0) (“Lynx” or the “Company”) today announces the significant engagement of one of the top ranked Fintech law firms in Asia-Pacific. Gorriceta Africa Cauton & Saavedra is a top-tier full-service internationally ranked law firm with operations in the Philippines, Singapore, Thailand, and Malaysia.
Gorriceta has positioned itself as the verifiable present-day leader in ‘Technology Law’ practice in the Philippines. The firm has been awarded multiple prestigious internationally recognized accolades and awards. The firm was named “2019 Innovative Technologies Law Firm of the Year,” and “2019 and 2020 Technology, Media and Telecommunication Law Firm of the Year” in Asian Legal Business’ by Thomson Reuters Philippine Law Awards. Gorriceta was also recognized as the “2019 Best FinTech Law Firm in the Philippines” by UK’s Wealth & Finance International. Furthermore, Gorriceta was the back-to-back 2019 & 2020 “Best Law Firm for Technology, Media and Telecommunications” at the Asia Business Law Journal’s Philippine Law Awards.
As published by ICLG.com, a leading global platform for legal reference, analysis, and news, hosting comprehensive comparative legal guides and research tools that cover law in more than 191 jurisdictions across 59 practice areas – “Mark S. Gorriceta is the Managing Partner and Head of the Corporate Group of Gorriceta Africa Cauton & Saavedra. Mark is considered the foremost Tech Lawyer in the Philippines. Known for innovative advice, he is a pioneering expert on the law surrounding digital assets, blockchain, virtual currencies, e-commerce, data privacy, and artificial intelligence. He is legal counsel to the biggest and most impactful technology and online companies in the Philippines.”
“This engagement between Lynx and Gorriceta brings together an expert team of individuals from both Gorriceta and Lynx, to perform and facilitate a ‘deep dive’ into the requirements and roll-out strategies necessary for the short and long-term success of our Company. Mark has demonstrated confidence and clear capabilities to quickly understand our overall business enterprise and organization,” said Michael Penner, CEO of Lynx Global. “His firm shares our vision to translate our efforts into high-value deliverables and to provide pragmatic actionable legal systems and solutions to our Asia-Pacific business enterprises, which has made the engagement with Gorriceta a straight-forward and prudent decision for us.”
“We’re honoured to be part of the Lynx Global team,” said Mark Gorriceta, Managing Partner of Gorriceta. “With our particular expertise in complex corporate M&A transactions, commercial contracts, licensing and other financial regulatory matters in a range of areas that directly impact the payments and fintech sector, I am anxious to roll-up my sleeves and make an immediate impact for Lynx in ensuring it maintains and manages all compliance and reporting obligations here in Asia-Pacific, while at the same time assisting Lynx to source out and negotiate additional strategic partnerships or acquisitions to add to its portfolio of impressive corporate transactions Lynx has already achieved.”
Mark S. Gorriceta is the Managing Partner, Head of the Corporate Group and Head of the TMT Group of Gorriceta Africa Cauton & Saavedra. He has been recognized as one of the country’s Top 100 Lawyers for 2020 by the Asia Business Law Journal and has been awarded as the Philippines’ 2020 Managing Partner of the Year by Asian Legal Business. He is Board Trustee, Corporate Secretary and Chief Legal Fintech Philippines Association. He is Vice-Chairman of the Financial Executives Institute of the Philippines’ (FINEX) ICT Committee. He is also a member of Fintech Alliance.
ABOUT LYNX DIGITAL GLOBAL FINANCE:
Lynx seeks to become a leader in financial technology, solutions, and services for large-scale merchants, financial institutions and other B2B industry partners by way of integration to the Lynx digital payment platform. The Company’s payment solutions are powered by a broad suite of payment technologies and services. The Company has targeted banking and fintech relationships in ASEAN and Oceania, a region with a population approaching 700 million, that can provide Lynx a financial network hub location to service and operate a global traditional and digital financial infrastructure. By working with selected banking and/or licensed EMI partners, the Company will be able to offer a digital payment platform with a full suite of payment solutions, which may include merchant acquiring solutions; card issuing; remittance and forex; and custodial digital asset services, including digital wallet services. The Company seeks organic growth while investigating potential strategic acquisitions that may contribute critical technology applications, additional services, and revenue streams, and that can complement or enhance existing offerings and potentially increase or expedite the path to future profitability. While Lynx believes that significant near-term opportunities exist for the Company’s strategic initiatives, there can be no assurance that goals and objectives will be reached or that any such underlying efforts or agreements will provide successful or positive outcomes should they be implemented.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
FORWARD-LOOKING STATEMENTS: Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation, including the described initiatives of DA5 and the goals and objectives of Lynx. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be”, or variations of such words and phrases or statements that certain actions, events, or results “will” occur. Forward-looking statements are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of Lynx to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures, other costs, or implied future forecasts. The Company further again cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company’s control. Such factors include, among other things: risks and uncertainties relating to the Company’s limited operating history and the need to comply with environmental and governmental regulations. There can be no assurance that such statements 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 statements and information. Lynx will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
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