VANCOUVER, British Columbia, Sept. 23, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”)(CSE:LLT) (OTC:LLNKF)(FRA:C0B), a key player in logistics platforms and payment solutions, is pleased to announce that its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK”), will conduct a non-brokered private placement of up to 8,000,000 preferred shares, at a price of US$0.50 per share for aggregate gross proceeds up to US$4,000,000 based on a pre-money valuation of US$25,000,000.

uBUCK intends to use the proceeds of the private placement to complete the development of the uBUCK and Streambucks digital wallets, accelerate growth and increase customer acquisitions.

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