LX Ventures Inc.

LX Ventures Inc.

February 25, 2014 08:00 ET

LX Ventures Provides Capital Markets Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 25, 2014) - LX Ventures Inc. (TSX VENTURE:LXV) ("LXV" or the "Company") is pleased to provide an update with respect to its current corporate initiatives, as the Company looks to expand its capital markets presence in the U.S. and Europe.

LXV is pleased to announce that it has retained Liolios Group to provide investor relations services from its head office in Newport Beach, California, as well as its office in Toronto, Ontario. Liolios Group, and its principal Scott Liolios, bring to LXV a proven track record of helping public companies build shareholder value by delivering the right message to the right audience, and by establishing high quality, long-term relationships in the investment community. Liolios Group will work closely with LXV management to refine and deliver the company's message and introduce the company to key investors and influencers in the financial community. Liolios Group will also assist the Company with pursuing a listing of its shares on the OTCQX Exchange, with the objective of increasing the Company's access to the U.S. capital markets.

As compensation for its services, the company has agreed to pay Liolios Group a retainer of US$7,500 per month for a term of six months. The agreement with Liolios shall be automatically renewed on a month to month basis unless either party provides thirty days' notice of termination to the other party. Liolios Group will also be granted an aggregate of 200,000 options at $0.60 per share. The Liolios engagement and option grant are subject to acceptance by the TSX Venture Exchange.

The Company also announces that it is proceeding with a non-brokered private placement in which it will raise up to $3,045,000. In connection with the offering, the Company will issue up to 8,700,000 units at a price of $0.35 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.65 for a period of 12 months from the closing of the offering, subject to certain acceleration provisions in the event that the shares of the Company trade at $0.80 or higher for 10 consecutive trading days. The Company will pay finder's fees to certain eligible persons for subscriptions from qualified investors who have been introduced by such finders.

The funds raised from the offering will be used to continue to accelerate the growth of the Company's core portfolio companies including Mobio INsider, Strutta.com Media and Copper Cloud Inc.

LXV CEO, Mike Edwards, commented, "We are experiencing tremendous momentum with the explosive growth of our Mobio INsider platform and we are committed to continuing the rapid acceleration of this business segment. In addition, with the recent acquisition of Strutta.com Media and Copper Cloud Inc., we are well positioned to introduce our exciting value proposition to a wider audience of capital markets participants. The tremendous experience of Liolios Group will position us well, as we expand into larger markets in Europe and the U.S."

The Company also announces that Keir Reynolds has resigned as a director of the company to pursue other business interests.

About LX Ventures

LX Ventures acquires and accelerates high growth technology companies. We are vertically integrated with internal best-in-class practice area teams in sales, marketing, engineering and finance that are leveraged to turn our portfolio companies into industry leading organizations, one by one. We are in the business of building businesses. For further information about LX Ventures, please visit: www.lxventures.com.

About Liolios Group, Inc.

Liolios Group is a highly selective and comprehensive investor relations firm specializing in micro to mid-cap companies. The firm aims to deliver superior performance in corporate messaging and positioning, investor awareness, and analyst and financial press coverage. Founded in 1999, Liolios Group executives have extensive experience in finance and investments, and represent clients in a wide range of industries, including life sciences/healthcare, consumer/internet retail, business services, digital, media/software, clean technology, technology, natural resources and special situations.



Mike Edwards, CEO

CAUTIONARY NOTE: FORWARD-LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding future plans and objectives of LX are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by LX are those risks described herein and from time to time, in the filings made by LX with Canadian securities regulators. Those filings can be found on the Internet at http://www.sedar.com.

Neither the TSX Venture Exchange nor its Regulatory 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.

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