OTTAWA, Ontario–(BUSINESS WIRE)–#Densification—Edgewater Wireless Systems Inc. (YFI: TSX-V, KPIFF: OTCQB)
(the “Company”) announces that it proposes to make an application to
the TSX Venture Exchange to extend the term of 2,281,929 outstanding
share purchase warrants (the “Warrants”) set to expire on June
30, 2019 by two years to June 30, 2021.
The Warrants were issued pursuant to a non-brokered private placement
completed on June 30, 2017 with an original term of two years. Each
Warrant entitles the holder to purchase one common share in the capital
of the Company at a price of $0.375 per share. All other terms of the
Warrants will remain the same. The warrant extension is subject to
approval of the TSX Venture Exchange.
Forward-Looking Statements
This news release contains forward-looking statements and
forward-looking information within the meaning of applicable securities
laws. The use of any of the words “expect”, “anticipate”, “continue”,
“estimate”, “objective”, “ongoing”, “may”, “will”, “project”, “should”,
“believe”, “plans”, “intends” and similar expressions are intended to
identify forward-looking information or statements. Although Edgewater
Wireless believes that the expectations and assumptions on which such
forward-looking statements and information are based are reasonable,
undue reliance should not be placed on the forward looking statements
and information because Edgewater Wireless can give no assurance that
they will prove to be correct. By its nature, such forward-looking
information is subject to various risks and uncertainties, which could
cause Edgewater Wireless’ actual results and experience to differ
materially from the anticipated results or expectations expressed. These
risks and uncertainties, include, but are not limited to access to
capital markets, market forces, competition from new and existing
companies and regulatory conditions. Readers are cautioned not to place
undue reliance on this forward-looking information, which is given as of
the date it is expressed in this news release or otherwise, and to not
use future-oriented information or financial outlooks for anything other
than their intended purpose. Edgewater Wireless undertakes no obligation
to update publicly or revise any forward looking information, whether as
a result of new information, future events or otherwise, except as
required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts
Andrew Skafel
President & CEO
Edgewater Wireless Systems
Inc.
T: +1 613-271-3710 x 501
E: [email protected]
W:
www.edgewaterwireless.com
