VANCOUVER, BC / ACCESSWIRE / October 5, 2021 / LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK)(FRA:LGT)(OTC PINK:LGLOF) (“LINK” or the “Company”), is pleased to announce that it has created a special regulatory compliance and advisory committee (the “Committee”) comprised of two independent directors of the Company to oversee the Company’s submission in the second phase of the proceedings before the Alberta Utilities Commission (the “Commission” or “AUC”).
The Company will be responding to the AUC Enforcement Staff’s submission dated September 24, 2021, by providing evidence of its hosting operations at the two power plants at Campbell (Sturgeon County) and Kirkwall. The Company mines digital currency through revenue share models and provides infrastructure services, including power, to third-party clients’ operations. The Company’s business model will be clearly explained to assist the Commission in making its determinations.
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The Company has acknowledged being unaware of the statutory and regulatory requirements for generating electricity in Alberta when it commenced operations at Campbell and Kirkwall and will continue to work with the Commission to ensure full compliance with the regulatory and compliance processes of the AUC on a go-forward basis.
The Company will update shareholders as soon as practical on the progress of this phase of the AUC proceeding and the rulings from the Commission. We thank shareholders for your continued support.
About Link Global Technologies Inc.
Link is engaged in providing infrastructure and operating expertise for digital mining and data hosting operations. Link’s objectives include locating and securing, for lease and option to purchase, properties with access to low-cost, reliable power, and deploying this low-cost power to conduct digital mining and supply clean energy and infrastructure for other data-hosting services.
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