Business
Edgewater Wireless Closes Private Placement Financing of $530,525
(via TheNewswire) November 19, 2017 / TheNewswire / Ottawa, Ontario - Edgewater Wirele...
About this update from Edgewater Wireless Systems Inc.
[{"type":"text","content":"Edgewater Wireless Closes Private Placement Financing of $530,525(via TheNewswire)\n \n \nNovember 19, 2017 / TheNewswire / Ottawa, Ontario - Edgewater Wireless Systems Inc. (TSX-V: YFI) (the \"Company\") is pleased to announce the Company has closed its previously announced non-brokered private placement and subsequent increase in the amount subscribed. \n\n \n \nThe Offering has been fully subscribed of an aggregate of 2,000,000 units (the \"Units\") at a price of $0.25 per Unit, for gross proceeds of $500,000 and the Company has issued an additional 122,100 Units (2,122,100 Units in total), for total gross proceeds of $530,525. Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant (each a \"Warrant\"). Each half Warrant will entitle the holder to acquire one half of one additional common share of the Company at a price of $0.375 per share for a period of 2 years following the closing date of the Offering.\n\n \n \nIn connection with the Offering, Haywood Securities Inc. will receive a finder's fee of 18,000 finder's units, Echelon Wealth Partners Inc. a finder's fee of 16,800 finder's units and Clairewood Partners Inc. will receive a finder's fee of 43,200 finder's units. Each finder's unit comprises one common share and one-half of one non-transferrable common share purchase warrant (each a Warrant). Each half Warrant will entitle the holder to acquire one half of one additional common share of the Company at a price of $0.375 per share for a period of 2 years following the closing date of the Offering.\n\n \n \nAll securities issued in connection with this Offering are subject to a 4-month hold period as prescribed by the TSX Venture Exchange and applicable securities laws unless otherwise exempted.\n\n\n \n###\n\n\n \nFor further information, please contact:\n\n \n \nMatt Massey\n\n\n \nVP, Marketing\n\n\n \nT: +1 613-797-9628\n\n\n \nE: [email protected]\n\n \n \nNeither the 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.\n\n\n \nThe securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United Stat...