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MONTREAL, QC--(Marketwired - February 27, 2017) - Siyata Mobile Inc. (the "Company") (TSX VENTURE: SIM) (OTC PINK: SIMFF) is pleased to announce that it has engaged Paradigm Capital Inc. (the "Lead Agent"), PI Financial Corp. and Haywood Securities Inc. (together with the Lead Agent, the "Agents"), as agents, to complete a brokered private placement, on a best efforts basis (the "Offering"). The Offering will seek to raise a minimum of $1,500,000 at $0.40 per unit; with each unit consisting of one common share and one common share purchase warrant, exercisable at $0.50 for two years following the close of the Offering. The Company will have the option to accelerate the expiry of the warrants if its common shares close at $0.70 or greater on the TSXV for 10 consecutive trading days, following the expiry of applicable hold periods. |
