NetworkNewsBreaks – Siyata Mobile Inc. (TSX.V: S
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Posted On: 08/04/2020 2:49:54 PM
NetworkNewsBreaks – Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) Closes Final Tranche, Appoints New VP
Siyata Mobile (TSX.V: SIM) (OTCQX: SYATF) has completed its final tranche. The close of the tranche, a second for the company, entailed the sale of an additional 7,065,800 units of the company at a price of $0.10 per unit for aggregate gross proceeds of $706,580. The two tranches together comprise a private placement totaling $2,150,000. In addition, the company announced that, effective immediately, Daniel Kim will serve as vice president of corporate development for Siyata Mobile. “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,” said Siyata CEO Marc Seelenfreund in the press release. “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.” Siyati Mobile is also one of 49 public companies selected to present to a global investor audience at the SNN Network Virtual Conference slated for Aug. 3-6, 2020. The company’s presentation will take place Thursday, August 6th at 10:15 AM ET. To register for the event, visit http://nnw.fm/djMkN.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Siyata Mobile (TSX.V: SIM) (OTCQX: SYATF) has completed its final tranche. The close of the tranche, a second for the company, entailed the sale of an additional 7,065,800 units of the company at a price of $0.10 per unit for aggregate gross proceeds of $706,580. The two tranches together comprise a private placement totaling $2,150,000. In addition, the company announced that, effective immediately, Daniel Kim will serve as vice president of corporate development for Siyata Mobile. “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,” said Siyata CEO Marc Seelenfreund in the press release. “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.” Siyati Mobile is also one of 49 public companies selected to present to a global investor audience at the SNN Network Virtual Conference slated for Aug. 3-6, 2020. The company’s presentation will take place Thursday, August 6th at 10:15 AM ET. To register for the event, visit http://nnw.fm/djMkN.
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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