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NetworkNewsBreaks – Siyata Mobile Inc. (TSX.V: S

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Post# of 96
(Total Views: 173)
Posted On: 08/20/2019 6:45:42 PM
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Posted By: NetworkNewsWire
NetworkNewsBreaks – Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) Announces Non-Brokered $3M Private Placement with Strategic Investor

Global developer and provider of cellular communications systems Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) today announced a non-brokered private placement to raise $3.0M consisting of 7.5 million units, each at a price of $.40, with one strategic investor. According to the update, each unit will consist of one common share and one half warrant exercisable at $.60 per share for a period of two years. “Our Q3 has been very strong and the opportunity pipeline for Q4 sales and beyond is robust and continues to grow,” Siyata CEO Marc Seelenfreund stated in the news release. “ As our sales channels continue to grow worldwide, we want to strengthen our balance sheet with a strategic investor to ensure we remain well capitalized for our continued growth.”

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