Siyata Mobile Closes Second and Final Tranche of Private Placement for a Total of $2,150,000
2020年8月4日 - 9:00PM
Siyata Mobile Inc. (“Siyata” or the “Company”) (TSX-V:SIM /
OTCQX:SYATF/ FRA: WK3D) is pleased to announce that it has
completed the second and final tranche of the previously announced
non-brokered private placement of Units (defined below). The
Company closed on the sale of an additional 7,065,800 units of the
Company (the “Units”) at a price of $0.10 per Unit for aggregate
gross proceeds of $706,580 (the “Second Tranche”). Together with
the first tranche, Siyata raised aggregate gross proceeds of
$2,150,000.
Each Unit consists of one common share of the
Company (the “Shares”) and one-half of a common share purchase
warrant, entitling the holder to acquire an additional common share
of the Company at a price of $0.18 for a period of two years from
the date of issuance (the “Warrants”).
In connection with the Second Tranche, the
Company paid a cash commission totaling $22,931.60 and issued
229,316 finder’s warrants. Each finder’s warrant entitles the
holder to acquire one Share at a price of $0.18 per Share for a
period of two years from issuance.
The Company intends to use the net proceeds of
the Second Tranche for general corporate purposes including to
bolster working capital and to enable the continued acceleration of
growth in the United-States market, where Siyata enjoys its highest
margins.
All securities issued in connection with the
Second Tranche are subject to a four-month-and-one-day statutory
hold period from the date of issuance.
The Company also announces the appointment of
Daniel Kim as Vice President of Corporate Development for Siyata
Mobile, effective immediately.
Mr. Kim is a seasoned individual in the technology industry with
demonstrated roles as a Technology Analyst for numerous firms such
as Paradigm Capital and National Bank Financial. His extensive
background with over 25 years of experience supported his most
recent position as the Executive VP of Corporate Development at
Baylin Technologies Inc. Mr. Kim’s objectives for Siyata include
interfacing with the investment community through multiple channels
and programs, raising the Company’s profile with industry research
organizations, and to develop tactical plans for budgeting organic
growth strategies. He will also be liaising with analysts, managing
marketing activities such as roadshows, and assisting in all
aspects of strategic planning processes.
Marc Seelenfreund, CEO of Siyata Mobile, states, “The closing of
this financing will provide us the necessary working capital to
continue to ramp our sales in the U.S. market, a critical component
of our overall growth strategy. We are also excited to have Daniel
Kim join our team. Daniel is a highly respected and seasoned
individual in the telecom market, and we are confident that he will
be an incredible asset as we raise the profile of the Company both
within the investment community and in the overall telecom
arena.”
About Siyata
Siyata Mobile Inc. is a B2B global vendor of
next generation Push-To-Talk over Cellular (PTT) devices and
cellular booster systems. Its portfolio of in-vehicle and rugged
smartphones enable first responders and enterprise workers to
instantly communicate, over a nationwide cellular network of
choice, to improve communication, increase situational awareness
and save lives.
Its portfolio of enterprise cellular booster
systems enables first responders and enterprise workers to amplify
its cellular signal in remote areas, inside structural buildings
where signals are weak and within vehicles for maximum cellular
signal strength possible.
Visit www.siyatamobile.com and
http://www.unidencellular.com/ to learn more.
On Behalf of the Board of Directors
of:SIYATA MOBILE INC.Marc SeelenfreundCEO
Investor Relations:Arlen
HansenKin Communications1-866-684-6730SIM@kincommunications.com
Sales Department:Glenn Kennedy,
VP SalesSiyata Mobile
Inc.416-892-1823glenn_kennedy@siyatamobile.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release may include forward-looking
statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to
be considered forward looking. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, continued
availability of capital and financing, and general economic, market
or business conditions. There can be no assurances that such
statements will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. We do not
assume any obligation to update any forward-looking statements
except as required under the applicable laws.
Siyata Mobile (TSXV:SIM)
過去 株価チャート
から 10 2024 まで 11 2024
Siyata Mobile (TSXV:SIM)
過去 株価チャート
から 11 2023 まで 11 2024