Global developer and provider of cellular communications
systems Siyata Mobile Inc. (TSX.V: SIM) (OTCQX: SYATF) today
announced a non-brokered private placement to raise $3.0M consisting of 7.5
million units, each at a price of $.40, with one strategic investor. According
to the update, each unit will consist of one common share and one half warrant
exercisable at $.60 per share for a period of two years. “Our Q3 has been very
strong and the opportunity pipeline for Q4 sales and beyond is robust and
continues to grow,” Siyata CEO Marc Seelenfreund stated in the news release. “
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.”
To view the full press release, visit http://ibn.fm/kSrV0
About Siyata Mobile Inc.
A TSX Venture Top 50 Company, Siyata Mobile Inc. is a leading
global developer and provider of cellular communications systems for enterprise
customers, specializing in connected vehicle products for professional fleets,
marketed under the Uniden® Cellular brand. Since developing the world’s first
3G connected vehicle device, Siyata has been a pioneer in the industry,
launching the world’s first 4G LTE all-in-one fleet communications device in
2017. Incorporating voice, push-to-talk over cellular, data, and fleet
management solutions into a single device, the company aims to become the
connected vehicle communications device of choice for commercial vehicles and
fleets around the world. Siyata also offers rugged phones for industrial users
and signal boosters for homes, buildings, and fleets with poor cell coverage.
Siyata’s customers include cellular operators, commercial vehicle technology
distributors, and fleets of all sizes in Canada, the U.S., Europe, Australia,
and the Middle East. For more information, visit www.SiyataMobile.com and www.UnidenCellular.com.
NOTE TO INVESTORS: The latest news and updates
relating to SYATF are available in the company’s newsroom at http://ibn.fm/SYATF
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