Business
Edgewater Wireless Increases Private Placement Financing to $530,525
(via TheNewswire) Ottawa, Ontario / TheNewswire / November 14, 2017 - Edgewater Wireless...
About this update from Edgewater Wireless Systems Inc.
[{"type":"text","content":"Edgewater Wireless Increases Private Placement Financing to $530,525(via TheNewswire)\n\n \nOttawa, Ontario / TheNewswire / November 14, 2017 - Edgewater Wireless Systems Inc. (TSX-V: YFI) (the \"Company\") is pleased to announce that, due to demand, the Company is increasing its previously announced non-brokered private placement. \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. The company will issue an additional 122,100 Units (2,122,100 Units in total), for additional gross proceeds of $30,525 and aggregate 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 \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. A news release disclosing the hold period expiry date and details of finders' fees will be disseminated after closing.\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 States absent registration or applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of any offer to buy nor will there be any sale of these securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction.\n\n \n \nThis document contains certain forward-looking information and...