Globex Data Ltd. (CNSX:SWIS) announced private placement of 3,333,333 units at a price of CAD 0.12 per unit for gross proceeds of CAD 400,000 on October 27, 2020. Each unit consists of one common share and one share purchase warrant, exercisable at CAD 0.15 per share for a period of 2 year. At any time following the expiry of the statutory four month hold period, the closing price of the common shares on the Canadian Securities Exchange is greater than CAD 0.25 for 10 or more consecutive trading days, the company may notify the holder, by way of news release, that the warrants will expire on the 20th business day following the date of such notice, unless exercised by the holder before such date. The transaction will close on or before November 15, 2020.