NetworkNewsBreaks – Siyata Mobile Inc. (TSX.V: S
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Posted On: 08/30/2019 9:04:26 PM
NetworkNewsBreaks – Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) Completes $3M Non-Brokered Private Placement; Announces Filing of Q2 Financials, Upcoming Conference Call
Global developer and provider of cellular communications systems Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) announced on Thursday its completion of a non-brokered private placement with a single investor of 7,500,000 units, each at a price of $0.40, for gross proceeds of $3,000,000. “We are very pleased with this additional injection of capital to strengthen our balance sheet and build on our inventory,” Marc Seelenfreund, CEO and director of Siyata stated in the news release. “Our Q3 has proven to be very strong and will be substantially higher than Q3 2018 due to US sales, while our sales opportunity pipeline is very robust and continues to grow as expected. There is growing demand for Push-to-Talk Over Cellular devices across industries worldwide, witnessed by our expanding carrier and specialized distribution channels and we are well-positioned to capitalize on this paradigm shift in the market.” In addition, Siyata this morning announced that it has filed its second quarter 2019 financials and will be hosting a conference call to discuss these results, along with a Q&A session with Siyata Mobile CEO and Chairman Marc Seelenfreund. The call is scheduled to be held on Tuesday, September 3, 2019 at 9:00 AM ET. Interested parties may access the call by dialing (866) 521-4909 (Toll-Free) or (647) 427-2311 (International Calls). A playback in MP3 format will be available by contacting investor relations at SIM@KinCommunications.com.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Global developer and provider of cellular communications systems Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) announced on Thursday its completion of a non-brokered private placement with a single investor of 7,500,000 units, each at a price of $0.40, for gross proceeds of $3,000,000. “We are very pleased with this additional injection of capital to strengthen our balance sheet and build on our inventory,” Marc Seelenfreund, CEO and director of Siyata stated in the news release. “Our Q3 has proven to be very strong and will be substantially higher than Q3 2018 due to US sales, while our sales opportunity pipeline is very robust and continues to grow as expected. There is growing demand for Push-to-Talk Over Cellular devices across industries worldwide, witnessed by our expanding carrier and specialized distribution channels and we are well-positioned to capitalize on this paradigm shift in the market.” In addition, Siyata this morning announced that it has filed its second quarter 2019 financials and will be hosting a conference call to discuss these results, along with a Q&A session with Siyata Mobile CEO and Chairman Marc Seelenfreund. The call is scheduled to be held on Tuesday, September 3, 2019 at 9:00 AM ET. Interested parties may access the call by dialing (866) 521-4909 (Toll-Free) or (647) 427-2311 (International Calls). A playback in MP3 format will be available by contacting investor relations at SIM@KinCommunications.com.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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