Value Microcaps Zip Code Changers

[Bobwins]

SIM.v/SYATF -.025 to C$.445

they say they don't need any more money but......


MONTREAL, Aug. 20, 2019 (GLOBE NEWSWIRE) -- Siyata Mobile Inc. ("Siyata") (TSX-V:SIM / OTCQX:SYATF) announces a non-brokered private placement to raise $3.0M consisting of 7.5 million units at a price of $.40 cents per unit with one strategic investor. Each unit will consist of one common share and one half warrant exercisable at $.60 per share for a period of two years.

Marc Seelenfreund, CEO of Siyata, commented, “Our Q3 has been very strong and the opportunity pipeline for Q4 sales and beyond is robust and continues to grow. 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.”

No finder’s fees are payable on this financing.

The use of proceeds is for additional inventory, carrier approvals, product development and general working capital and is anticipated to close on or before August 23, 2019.

The financing is subject to TSX Venture Exchange approval.


Read more at https://stockhouse.com/news/press-releases/2019/08/20/siyata-mobile-announces-3m-private-placement-with-strategic-investor#YhfoeU7uSfMMX6Pi.99