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SAN JOSE, CALIFORNIA--(Marketwired - Oct. 28, 2016) - POET Technologies Inc. (the "Company" or "POET") (OTCQX:POETF)(TSX VENTURE:PTK), further to its news release of October 27, 2016, today announced that it has entered into a placement agency agreement (the "Agency Agreement") with a syndicate of agents led by Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, as lead agent and lead book-running manager (and sole agent in the United States) and Cormark Securities Inc. as lead manager in Canada under which the agents have agreed to arrange for purchasers, on a best efforts basis, of up to 34,800,000 units of the Company ("Units") with each Unit comprised of one common share of the Company (each a "Share") and one common share purchase warrant (each a "Warrant"), at a price of C$0.36 per Unit, to raise aggregate gross proceeds of up to C$12,528,000 million (the "Offering"). Each Warrant will be exercisable by the holder thereof to acquire one additional Share at a price of C$0.52 per Share for a period of 60 months following the closing of the Offering. |
