First Global Data Limited

First Global Data Limited

October 21, 2014 09:00 ET

First Global Data Limited Amends Warrant Exercise Price and Extends Warrant Expiry Date

TORONTO, ONTARIO--(Marketwired - Oct. 21, 2014) - First Global Data Limited (the "Corporation") (TSX VENTURE:FGD) is pleased to announce that it has received approval from the TSX Venture Exchange to amend the exercise price and to extend the expiry date of the 10,250,338 outstanding common share purchase warrants (the "Warrants") of the Corporation, which were issued in connection with the Corporation's acquisition of First Global Data Corp. Each Warrant, as amended, entitles the holder thereof to purchase one common share of the Corporation at any time until the close of business on November 21, 2016 at an exercise price of $0.50 per common share. The Warrants will be amended, effective November 21, 2014, to amend the exercise price of the warrants from $0.75 to $0.50 and to extend the term of such warrants until November 21, 2016. All other provisions of the Warrants will remain the same. Insiders of the Corporation do not hold any of the outstanding Warrants.

About First Global

The Corporation, through its various subsidiaries, is an international payments company whose services are designed primarily for the domestic and international underbanked markets. Services include Mobile and Online Payments, Money Transfer, including Peer to Peer mobile and online transfers. The Corporation moves money domestically and internationally in full compliance with regulatory guidelines. The Corporation also enables its strategic partners and clients around the world with its leading edge financial services technology products. The Corporation maintains a strong focus on compliance and holds licenses to operate as a Money Service Business in the United States and around the world. The Corporation's electronic transaction infrastructure currently extends to approximately 97 countries worldwide. The Corporation's goal is to become the global leader in the mobile money and online financial transaction services sector.

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

This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Corporation's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Corporation has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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